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Jeffery J Downs's Articles in Business

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Embrace Online Savings, e.Bill With the rise and increase of high speed internet more people are learning the freedom of paying online. In fact 63% (2006 Survey by The Marketing Workshop) of those who have a connection to the internet will use that connection to pay bills! Whoa back the pay bill truck up and say howdy to increased business savings. I have found though in my general research that many businesses are slow to implement the e.bill savings opportunity for some of the following reasons... Can I view my bill at my bank's web site? A billing distribution network gives a biller the opportunity to send a bill to a financial institution. As a biller you may be familiar with bill pay at the bank's web site, but not realize that you can also present a bill to one of your customers at the bank's web site. How can you the biller take advantage of this distribution network? The All or Nothing Trap in the World of Electronic Bills and Invoices Through the years of consulting with businesses on how to implement electronic billing and invoicing I have learned that business will turn down significant savings because of an often unspoken rule that I will call, "all or nothing." B2B EIPP - The Mystery Unraveled Gartner group reports that a business can save 10.1 million dollars by converting their invoicing to electronic means over the internet. However, what they are not saying is how to get business customers to adopt the solution. In other words, to broker that type of savings from an online billing solution you need to have customers use it otherwise it is a great idea with no value. Viewing Bills Online and Paying Too Many companies have asked how their bills can be presented at these consolidator sites? The answer is not as complicated as one might think. First the business needs to use a service that has a distribution network. e.Bill for Health Denver Health wanted to know if their patients were willing to view their bills online, so they asked. Would you be willing to view your bill online? The answer could either be a yes or a no. The result was surprising.

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