Wausau Financial Systems, a provider of payment and receivables processing solutions, has partnered with global eDocuments, eBilling and eMarketing software application developer and services provider Striata to provide secure eDocument delivery and email bill presentment and payment (EBPP) via a new offering GreenBills.
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.”