BuyFindarrow_forward

Accounting Information Systems

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

Solutions

Chapter
Section
BuyFindarrow_forward

Accounting Information Systems

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

Conduct research on EBPP systems (see Technology Summary 11.1, pg. 410). Write a paper describing the advantages and disadvantages, to both the payer and payee, of the two methods for implementing these systems—the biller direct and the consolidation/aggregation methods.

Summary Introduction

To explain: The advantages and disadvantages of biller direct and the consolidation/aggregation methods.

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 advantages and disadvantages of biller direct and the consolidation/aggregation methods:

Biller-direct payment systems:

Advantages:

  • Easier to use for the payee.
  • Faster bill payments for the billers increasing the speed of cash flow.
  • Reduction in the late or missed payments for the billers.

Disadvantage:

  • Each and every electronic bill will require the logging into a different website.
  • The billers need the expertise to maintain their own systems for the payments.
  • The cost of building and maintaining the billing system rests on the billers.
  • The billers must meet the strict security standards...

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Additional Business Solutions

Find more solutions based on key concepts

Show solutions add

Whats the difference between a call for sinking fund purposes and a refunding call?

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)

What is meant by business ethics?

Foundations of Business (MindTap Course List)

To put the firms current P/E ratio in perspective, it is useful to compare this ratio with that of other compan...

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)

What is the primary purpose of a Mock split?

Survey of Accounting (Accounting I)