Bill presentment belongs to a business term. It is about the process of sending and processing bills or invoices to clients. This type of bill transaction often uses the internet, particularly via-third party business firms. Such firms present the invoice of big firms that have big client’s bases like the electricity suppliers.
The electronic bill presentment is supposed to be used as the killer application on the internet for business companies finding ways to reduce or minimize the cost of distributing bills and doing the processing transactions. Unluckily, the reality has so far to live up to the advertising hype environment of the consumer suitability of these products.
Through this modern software programs like the Quicken for presentment of electronic bill, consumers were expected to change their traditional way of processing bills because with this they are only obliged to use the internet. The low level performance of electronic invoice presentment was blamed to the input requirements because invoicing information is still paper based. The internet serves as the vehicle to send or deliver the e-bills or invoices. With the skills to pay and receive invoice online, the practice of electronic bill payment was assumed to take off. But many are still not aware of this because as surveys suggest, only less than 5 million household know how to initiate the process of electronic invoice presentment.
Today, e-bill presentment is still infected by the “chicken and egg” syndrome because consumers wanted to use it if their large bills are accessible online while billers are also willing to present bills via electronic if the costumers’ demand grows high for it. But not all the time that bill presentment can be applicable. In the United States, some authorities do not allow the use of electronic presentment of the bill in paying taxes, collection agencies or any court-ordered payments.
Electronic bill presentment empower the costumers and the billers to view and process bills online and this is to enhance satisfaction. More and more people today are going paperless and with this e-billing, they can now view and make their payments online and with this each can do efficient self-service at all aspects of their accounts. This is a very flexible way for costumers to manage and update their accounts. They expect to maximize the use of the internet for their convenience thus they can reduce the pile of papers because they can now receive everything through e-mails. If you are having a great time reducing your paper clutters at home, start it now and try e-bill.