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Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127

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BuyFindarrow_forward

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127
Textbook Problem

What are electronic bill presentment and payment (EBPP) systems? How do they reduce costs and accelerate cash flows?

Summary Introduction

To explain: The electronic bill presentment and payment (EBPP) systems.

Introduction:

B/AR/CR process:

It is an accounting process with an interacting structure of different process supporting the decision-making activities of the financial managers.

Explanation

The electronic bill presentment and payment (EBPP) systems:

It is a business to consumer system that maintains a website to post the post the customer bills and receive the payments of the customers electronically. A notification is sent to the customer informing that a particular is available for viewing. The bill be will be different from the actual paper bill as the bill is not delivered physically to the consumer...

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