Charlotte, NC, October 18, 2005 --(PR.com
)-- PayStream’s Latest Research on Web Invoicing & Electronic Payments
Internet enabled Invoice Solutions Finally Take Off.
PayStream Advisors, Inc. announces the release of its latest financial application buyer’s guide titled Web Invoicing & Electronic Payment: Moving Beyond the Paper. PayStream has developed this report for businesses that are actively exploring Web Invoicing & Electronic Payments solutions but need help identifying appropriate vendors and solutions. In addition to highlighting the growing popularity of Web Invoicing & Electronic Payments solutions, the report provides valuable analytical insights to enable managers to compare nine different vendors and automation solutions. The following technology providers have submitted their Web Invoicing & Payment solutions to PayStream’s analysts to be reviewed in the report: Bottomline Technologies, First Data, GE Corporate Payments Solutions, JPMorgan, Tranmit, Payformance Corporation, PrimeRevenue, U.S. Bank and Xign Corporation.
Contrary to early excitement, Electronic Invoice Presentment and Payment (EIPP) failed to meet its initial predictions. PayStream’s market study has uncovered a renaissance of interest in Web Invoicing & Electronic Payments solutions – especially applications that have been enhanced by Purchasing Card (P-Card) and approval workflow technologies. As organizations are seeking improved tools to solve their efficiency, regulatory and compliance issues, they are increasingly turning to invoicing automation to address these issues. “The number of invoices delivered through Web Invoicing solutions will exceed 6 billion over the next five years, translating to an impressive 31 percent compounded annual growth rate.” according to Sush Koka, Senior Research Analyst at PayStream. “We believe that Web Invoicing & Electronic payments solutions are gaining notable market traction driven by impressive Return on Investment metrics.” As companies continue to comprehend the benefits of Web Invoicing and Electronic Supplier Payment Automation, demand for these solutions is expanding considerably.
PayStream Advisors’ 75 page report includes nine solution profiles and four case studies and is available via their website at www.paystreamadvisors.com. To download a 15-page abstract of the report go to http://www.paystreamadvisors.com/store/details.cfm?id=56 PayStream Advisors periodically hosts Web seminars to educate corporate managers about how financial automation tools, such as Web Invoicing and Electronic Payments can be used to reduce costs, improve efficiency, and enhance service.
About PayStream Advisors, Inc.
PayStream Advisors is a technology research and consulting firm that improves the way organizations plan, evaluate, and select financial automation technologies to achieve their business objectives. Our services are designed to minimize risk and maximize the value associated with technology investments. Our clients include leading organizations in the services, information technology, utility, manufacturing, and public sectors. Wherever financial automation technology is an issue, PayStream Advisors is there to help. For more information or to find out how you can attend a complimentary webinar, call (704) 523-7357 Ext. 225 or visit us on the Web at www.paystreamadvisors.com.