GreenBills is designed to reduce operating costs and ensure timely payments and deliver an enhanced customer experience. It is expected to be unveiled at customer conference scheduled on April 19-22.
Via GreenBills, an encrypted electronic bill is delivered to the consumer via email. When opened, it looks just like a traditional paper bill, but with interactive features such as invoice consolidation and the ability to make a payment with just one-click from within the email itself. Consumers can also view personalized marketing offers.
Some of the benefits of email bill presentment and payment include: positive ROI within six to 12 months; ability to reduce paper and postage expenses by 50% to 90%; better cash flow because of more timely payments; improved ability for self-service among customers; using less paper allows companies to reduce their carbon footprint.
Kathy Strasser, executive vice president of solution management at Wausau Financial Systems, said: “We’re encouraging businesses to abandon paper not just because of its inherent cost, but it’s an extremely inefficient way to do business. With the launch of GreenBills, we’re also taking a significant step forward with our integrated receivables hub platform, designed to aggregate, automate and accelerate the entire payments process.”
Garin Toren, chief operating officer of Striata, said: “Our eBills are designed to be exact replicas of the paper that they replace, but with additional, interactive functionality. Web-based solutions are dependent on a customer’s willingness to proactively enroll and retrieve documents, not the case with GreenBills. We’ve seen clients reduce paper by up to 20% after the first year, and by 40% after the second year.”
