Problem: Moving to electronic invoice presentment proved impossible due to complex invoices which EDI could not handle and which some vendors were incapable of working with.

Solution: CTP implemented InvoiceWorks®, which has reversed expenses necessary to implement and manage EDI and has allowed all vendors, large and small, to receive and pay invoices electronically. Some of the benefits of using InvoiceWorks® include manual entry or file uploads and fully automated file transfers from large vendors with SAP.

Result: Elimination of data entry and filing has resulted in the reduction of cost, and has also reduced time and capital expense required to handle vendor phone calls, dispute resolution, matching exceptions and other manual tasks.

Agoura Hills, CA September 17, 2009- 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.

According to CEO Jack Schachtel, "CTP listened to our clients' needs and responded with features they needed. These improvements demonstrate our deep commitment to the unique challenges of our clients in the B2B market place. "

"Our goal with this release is to focus on improving features that would accelerate the acceptance of electronic payments by more B2B customers," said James Romano, Executive Vice President CTP Solutions. "The improvements make it simpler for invoice recipients to manage, view and pay online."

Headquartered in Agoura Hills, CA. the company's flagship products and services, consists of paper, fax and e-mail billing as well electronic invoice presentment and payment (EIPP). EIPP is a solution that delivers a swift reduction in operational costs, faster payments and a superior customer experience. CTP revolutionizes the way bills, statements, collection notices, paystubs and other heavy volume documents are delivered and paid. Direct email delivery of bills and statements dramatically increases customer adoption of electronic documents, paper reduction and electronic payments. This enables CTP's clients to achieve a better ROI, to complement their existing electronic communication strategies, which appreciably reduce paper use and to reduce environmental impact.

Agoura Hills, CA September 18, 2009 - CTP Solutions announced a low-cost, fully electronic invoicing network that enables businesses to easily exchange invoices electronically. Each year nearly 15 billion paper invoices are exchanged between businesses at the price of nearly $30 billion. CTP completely eliminates paper invoices by electronically connectivity reducing costs while benefiting Go Green Initiatives.

Vendors simply email digital invoices to customers who import the electronic invoice into their accounting systems. A business receiving as little as 100 paper bills each month requires at least six hours for manual data entry before processing. CTP's systems is available for online demo and for your convenience.

"CTP Solutions is offering a cost effective solution that works for the 25 million small to medium businesses," said Jack Schachtel CEO. "It's gratifying to have a e-solution that enables business owners to run their business instead of dealing with bills. Because our invoices are electronically delivered to businesses and instantly imported into their accounting system, they can easily take advantage of early payment discounts. Vendors benefit from prompt reimbursement, and the environment benefits from reduced paper use."

Our new approach to managing bills and invoices fits in perfectly with the need to cut cost, reduce staff and manage invoicing and Accounts Payable & Payrolls & Payroll. The CTP system speeds up your accounting process and lets you get back to running your business by making it easy to deal with bills. And, it fully integrates with most accounting systems

"After reviewing a number of potential technical solutions, the CTP Solutions e invoicing solution was selected as the best fit for Media Vue business needs. The solution provides our Customers and Media Vue with improved service levels, optimized invoice processing and reduced costs," says Patrick Verrier, director of business solutions for Media Vue.

Replacing traditional paper invoices and statements, while minimizing the impact to the recipients, is the key to CTP success in e invoicing. Email delivery of the bills means that you have replaced the traditional postal box with the email inbox. CTP's clients can expect to reduce the time to deliver their invoices and statements, by up to 5 days. A corresponding reduction in the time taken to pay the bills will provide a handsome ROI within five months.