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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 is EIPP? How does it improve the efficiency and effectiveness of the AP/CD process?

Summary Introduction

To determine: The meaning of EIPP and the way it improves the effectiveness and efficiency of the AP/CD process.

Introduction:

Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.

Explanation

Define EIPP and the way it improves the effectiveness and efficiency of the AP/CD process:

AP/CD process is Accounts Payable/Cash Disbursements process. The e-invoicing and e-payments can be combined to send the invoice to the customers in EIPP (Electronic Invoice Presentment and Payment), which is a business to the business system. It would use third-party service provider to send the invoices to the customers...

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