Statement and Invoice, Presentment and Payment (SIPP)

Improve customer service and slash the cost of your accounts receivable process by presenting your statements and invoices online.

Accounts-receivable-automation

Benefits include:

  • Reduced printing and postage costs.
  • Certain delivery customers can no longer claim that they didn’t receive the invoice.
  • Better – informed customers.
  • Improved customer retention.
  • Improved marketing opportunities.
  • Improved cash flow management.
  • Improved staff productivity.

IP Payments has designed the most flexible SIPP platform in the payments industry. This provides merchants with a fully tailored and integrated solution and an implementation fee which promises a very rapid return on investment.  Features of the SIPP platform include:

  • Integration support for most ERP and accounts receivable systems upload files for presentment and download files for automatic payment reconciliation.
  • Multiple business rules are calculated dynamically overdue fees, early payment discount, credit card surcharge etc.
  • Statements and Invoices are presented in the same format as your current paper versions.
  • All items are presented to the customer credit notes, adjustments, fines etc.

SIPP Product

The IP Payments SIPP solution has provided the following conversion rates:

  • 74% of customers convert to eBilling
  • 90% of customer convert to eReminders and eCopies
  • 72% of customers Self Service
  • 61% reduction in Customer Calls
  • 52% reduction in Cheques Remitted
  • 28% in unallocated Direct Deposits
  • 20% improvement in DSOs

The savings generated by these conversions are:

  • 83% reduction in Postage Cost
  • 60% reduction in Payments Receipting, Matching and Reconciliation costs
  • 20% reduction in Cost of Capital
  • 38% improvement in Staff Efficiency
  • 28% reduction in Staff

Watch what 20th Century Fox has to say about SIPP:

 

If you would like to know more about SIPP, feel free to contact our team of cash flow experts, they will be happy to help you.