{"id":744,"date":"2010-03-04T22:34:30","date_gmt":"2010-03-04T17:04:30","guid":{"rendered":"http:\/\/www.prasadgupte.com\/go\/?p=744"},"modified":"2011-01-28T16:54:27","modified_gmt":"2011-01-28T11:24:27","slug":"jargon-electronic-invoice-presentment-and-payment-eipp","status":"publish","type":"post","link":"https:\/\/www.prasadgupte.com\/blog\/jargon-electronic-invoice-presentment-and-payment-eipp\/","title":{"rendered":"Jargon: Electronic Invoice Presentment and Payment (EIPP)"},"content":{"rendered":"<p style=\"text-align: justify;\">Electronic Invoice Presentment and Payment, or EIPP, is more general concept (as compared to <a href=\"http:\/\/www.prasadgupte.com\/go\/jargon-ers-evaluated-receipt-settlement\/\" target=\"_blank\">ERS discussed earlier<\/a>) that is based on electronic invoice submission. <a href=\"http:\/\/www.prasadgupte.com\/go\/jargon-ers-evaluated-receipt-settlement\/\" target=\"_blank\">ERS<\/a> uses Advance Shipping Notices (ASNs) instead of invoice. However, they share benefits: avoidance of data entry, errors and exceptions, lost invoices and vendor inquiries. Most solutions are capable of receiving invoices in CSV, XML and few other formats over EDI.<\/p>\n<p style=\"text-align: justify;\">EIPP or e-Invoicing is part of the larger procure-to-pay (P2P) cycle (will be writing soon on this). A huge challenge lies in supplier on-boarding: getting suppliers to automate at their end. In the current era, supplier enablement can be hastened by hosting an internet facing portal \u2013 called Supplier Portal in sourcing jargon \u2013 that suppliers can log-on to and key-in their invoices. \u2018Flipping-the-PO\u2019 is a standard feature that saves data entry effort for the supplier, and minimizes error. On referencing the PO being invoiced, information about line items viz. description, ordered quantity &amp; price are defaulted. This helps reduce the number of expections in automated invoice matching. Imagine this as handing over your groceries list to a <em>baniya <\/em>who converts it to a bill by stamping his name and adding prices &amp; total (and discounts if the <em>baniya <\/em>is willing to spare)<\/p>\n<p><em><strong>References:<\/strong><\/em><br \/>\n<a href=\"http:\/\/scm.ncsu.edu\/public\/facts\/facs041014.html\" target=\"_blank\">http:\/\/scm.ncsu.edu\/public\/facts\/facs041014.html<\/a><br \/>\n<a href=\"http:\/\/www.agilent.com\/oracle_supplier\/downloads\/ERS_supplier_guide.pdf\" target=\"_blank\">http:\/\/www.agilent.com\/oracle_supplier\/downloads\/ERS_supplier_guide.pdf<\/a><br \/>\n<a href=\"http:\/\/www.jpmorgan.com\/tss\/General\/Invoice_Management\/1159348844579\" target=\"_blank\">http:\/\/www.jpmorgan.com\/tss\/General\/Invoice_Management\/1159348844579<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Electronic Invoice Presentment and Payment, or EIPP, is more general concept (as compared to ERS discussed earlier) that is based on electronic invoice submission. ERS uses Advance Shipping Notices (ASNs) instead of invoice. However, they share benefits: avoidance of data entry, errors and exceptions, lost invoices and vendor inquiries. Most solutions are capable of receiving &hellip; <a href=\"https:\/\/www.prasadgupte.com\/blog\/jargon-electronic-invoice-presentment-and-payment-eipp\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Jargon: Electronic Invoice Presentment and Payment (EIPP)<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[181],"tags":[326,193,325,192,329,364,363,328,112,582,333,332,198,327,139,331,330],"class_list":["post-744","post","type-post","status-publish","format-standard","hentry","category-ecommerce","tag-automation","tag-eipp","tag-electronic-invoice-presentment-and-payment","tag-ers","tag-flip-the-po","tag-invoice-exceptions","tag-invoice-matching","tag-invoicing","tag-jargon","tag-linkedin","tag-p2p","tag-procure-to-pay","tag-procurement","tag-purchase-order","tag-sourcing","tag-supplier-enablement","tag-supplier-portal"],"aioseo_notices":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.prasadgupte.com\/blog\/wp-json\/wp\/v2\/posts\/744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.prasadgupte.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.prasadgupte.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.prasadgupte.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.prasadgupte.com\/blog\/wp-json\/wp\/v2\/comments?post=744"}],"version-history":[{"count":0,"href":"https:\/\/www.prasadgupte.com\/blog\/wp-json\/wp\/v2\/posts\/744\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.prasadgupte.com\/blog\/wp-json\/wp\/v2\/media?parent=744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.prasadgupte.com\/blog\/wp-json\/wp\/v2\/categories?post=744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.prasadgupte.com\/blog\/wp-json\/wp\/v2\/tags?post=744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}