Tuesday, May 23, 2006

Inovium - On Demand Billing and Payment Solutions - Electronic Invoicing Presentment and Payment (EIPP)

www.inovium.com Inovium offers electronic billing and payment systems - essential to today’s businesses - including tailored solutions for specific industries. We streamline operations and simplify our clients’ transition from traditional paper-based processes to Electronic Invoicing Presentment and Payment (EIPP), with full management control and reporting. "We provide “software-as-a-service” solutions that are compatible with all accounting systems. Our clients enjoy:"

• Ability to invoice and receive payments electronically
• Getting paid faster
• Savings of 60-75% on payment management costs
• Improved customer satisfaction and retention

Inovium announced the availability of InoviumPayCentral(TM), an electronic billing and payment system designed for businesses that currently accept credit cards payments. InoviumPay Central enhances these existing systems with a payment scheduler, electronic submission of all invoices, integration and batch uploading to any major accounting system, and full management control and reporting, allowing the company to streamline operations and free up labor.

To introduce the concept of Electronic Invoicing Presentment and Payment (EIPP) and its many benefits, Inovium will be offering this billing and payment system for free to any company or organization worldwide utilizing their existing merchant card provider. Interested parties must sign up by November 30, 2006.

This Software-as-a-Service (SaaS) solution allows business customers to pay at any time online via a customized Automated Payment Interface which will include the company’s own logo. The system includes a Payment Scheduler - an easy-to-use, automated recurring payments function that replaces the traditional method of billing and collection. The Payment Scheduler provides for regularly scheduled payments which free the business manager from sending reminders to its customers. This benefits both the company in assuring on-time payments and the customer who then need not worry about sending a payment each month or incurring late fees.

According to leading market research firms, the average cost of the billing cycle in the U.S. now exceeds $15 per invoice for medium size companies. InoviumPay Central allows any business to reduce this cost by sending out invoices to all customers electronically, in seconds, and for free.

“Every business owner has read from the leading market research firms that EIPP provides fantastically rapid ROI due to its many benefits in cost savings, increased productivity, and streamlined operations”, says Todd French, COO of Inovium Corporation, adding: “Offering InoviumPay Central for free creates literally an instant ROI since there is no investment – who can turn that down?”

To learn more about its products, mission and management, or for more information about the free offer, visit the InoviumPay Central website at www.InoviumPayCentral.com.

No comments: