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                                                  C h a p t e r   1 3 :  h a p t e r   1 3 :    G r e e n i n g   Yo u r   I n f o r m a t i o n   S y s t e m s  r e e n i n g   Yo u r   I n f o r m a t i o n   S y s t e m s    263





                          Someone has       Someone has     Someone has       The customer
                         to create the bill.  to stuff the  to mail the bill.  has to open and
                                         bill in an envelope.                  pay the bill.





                                            The bill has    The bill has to  The customer has
                                           to be processed.  be opened.      to resend the bill.

                      FIGURE 13-2  Conventional billing adds time and expense to your organization.



                         It costs between US$0.75 and US$2 for each document to be generated and mailed. If
                      a paper check is eliminated, another $1.25 is saved. You also see a benefit from the elimination
                      of inbound and outbound float. Electronic funds transfers offer next-day availability of funds.
                         Autoscribe (Link 13-4), ACHWorks (Link 13-5), and InterceptEFT (Link 13-6) are
                      companies that offer online payment services. Figure 13-3 shows an example of the
                      ACHWorks web interface.
































                      FIGURE 13-3  ACHWorks is one of many companies that allow you to set up online billing and payment   PART V
                      processing.
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