Some of the main features and value added benefits include:
Reduction in billing costs
Reduction in sales to collections cycle time for seller
Automation of invoicing, payment (by buyer) and collections functions
Paperless transaction or reduced paper-based operational flow
Improved level of collections
Faster dispute resolution
Ability to interactively resolve dispute at line item level
Improved operational and approval workflow
Improved documentation control and workflow
Reporting features for seller, bank and buyer
Customized Portals for entities with appropriate workflow based on access-rights
The solution is based on scalable J2EE architecture using open systems deployment platform. The solution works in a collaborative manner. It is supplemented with other technology and integration products such as EdiX. The solution is available on Oracle and IBM technology components for RDBMS and Application platform and NT/Linux operating systems.