Problem: Internal billing print/mail operations causing delays in producing bills ( 4-6 days average time required). Billing document's awkward design caused confusion in reading detail accurately. Cost of 1st. Class Postage at full USPS rate - no discounts available.

Solution: Reviewed document design/layout with client and determined how key information should be displayed to make bills easily understood. Redesigned document layouts to present key information in a more logical and readable format. Added scan-able bank lockbox barcode to improve payment remittance process. Established FTP file transfer process to our production operations with no changes to client file format required. Reduced complete print/mail process to 48 hours guaranteed.

Result: Reduced USPS 1st. Class postage rate by $0.074 per mail piece saving customer nearly $6,000 monthly in postage. Overall customer savings in materials, postage and internal operations costs exceeded $150,000.00 annually. An improvement in overall cash flows has resulted due to fewer billing disputes and faster bill delivery according to the client.

The newly enhanced CTP Solutions EIPP system enables bill recipients to view, research, print, download, and pay the bill. The benefits to the biller include reduced invoicing costs, improved days sales outstanding, reduced costs to process payments, and increased customer satisfaction through an online location which features the biller's brand and logo.

Electronic bill presentment and payment has undergone significant growth since 2000. There were 20 million bills paid electronically nine years ago. Today the number has grown to an astounding 7 billion invoices submitted and paid online. The new EIPP enhancements target B2B users who have not yet switched to electronic billing.

CTP Solutions is a leading purveyor of outsourced billing solutions whose recent advancements in their EIPP (Electronic Invoice Presentment and Payment) product continue a long trend of refinements. This release satisfies CTP customers' request for a simpler user interface by providing flexible payment alternatives.

CTP creates invoices to meet business requirements and deliver them to your customers via physical mail or electronically. We then provide simple and effective methods to allow your customers to pay, and provide you with the capability of electronically viewing any delivered invoice at any time. The entire process is flexible thus allowing us to integrate with any process you currently have in place. By outsourcing your Accounts Receivable to CTP, you'll improve cash flow, save time and money, and gain quality and flexibility.