Processing paper invoices and determining whether and how to pay them costs companies both time and money. The chance to cut these costs through automation is creating growing business demand for electronic invoice presentation and payment (EIPP) software. EIPP falls into two categories: accounts receivable (AR) solutions - for sellers who want to get electronic invoices into the hands of buyers; and accounts payable (AP) solutions - for buyers who want to receive all invoices electronically. In a new report, Forrester Research (Nasdaq: FORR) uses its WaveTM methodology to evaluate the leading AP EIPP vendors. The results: the leading American vendors scored higher than most of their European counterparts...
Consumers under 30 years old today are expected to be a major driver behind the increase in online bill paying expected over the next five years in the United States, a research firm said Monday.
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Twenty million more Americans will pay their bills online over the next five years, according to a new forecast by Forrester Research, Inc. (Nasdaq: FORR). Much of the growth will be fueled by today's tech-savvy young consumers, who will seek the ease and convenience of online bill payment as they lead more complex financial lives. By 2010, approximately 47 million US households will pay bills online -- a 75 percent increase from the end of last year...
US banks are set to grab back a major share of the surging electronic bill payment and presentment (EBPP) market over the next five years, according to the latest forecasts from Forrester Research.
