Electronic Invoicing Solutions Reduce Costs & Environmental Waste

Posted in: New & Notable, News

CTP Solutions announces  a low-cost, fully electronic invoicing system that enables businesses to easily send and receive invoices electronically. Each year nearly 15 billion paper invoices are exchanged between businesses, CTP completely eliminates paper invoices reducing cost while benefiting Go Green Initiatives.

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 are 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 CTP’s CEO Jack Schachtel. “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 costs, 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 MediaVue business needs. The solution provides our Customers and MediaVue with improved service levels, optimized invoice processing and reduced costs,” says Patrick Verrier, director of business solutions for MediaVue.

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.

About CTP Solutions

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 negative environmental impact.