Computer Sciences Corporation, an information technology (IT) services firm, and Deutsche Bank announced the European launch and immediate availability of a new Electronic Invoice Presentment and Payment (EIPP) service.
This Internet-based service will enable straight-through processing of invoice presentment and payment initiation for corporations. The service allows billers to submit invoices to payers through a single on-line channel, with both parties able to review invoice status at any time, manage disputes on-line and receive or generate a full audit trail of the transaction.
This EIPP service combines Deutsche Bank’s financial management capabilities with CSC’s business process improvement and systems integration capabilities.
“Deutsche Bank once again proves its innovative approach by providing a first-class solution to help its customers improve their financial supply chain management,” said Andrew England, Head of Product Management Cash Management, Deutsche Banks Global Transaction Bank. “With this integrated solution we are, together with CSC, at the forefront of market development.”