What is Electronic Bill Presentment and Payment in SAP FIN-FSCM-BD - Biller Direct?

SAP Term: Electronic Bill Presentment and Payment

• Component: FIN-FSCM-BD

• Component Name: Biller Direct

• Description: The conversion of bills to electronic format that are then linked to a payment service such as a bank.

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• Key Concepts: 
  Electronic Bill Presentment and Payment (EBPP) is a component of the SAP Financial Supply Chain Management (FSCM) Biller Direct module. It enables companies to present and collect payments electronically, eliminating the need for paper-based billing and payment processes. EBPP allows customers to view and pay their bills online, reducing costs associated with manual processing. 
  
  How to use it: 
  The EBPP component of SAP FSCM Biller Direct can be used to create electronic bills, which can be sent to customers via email or other electronic means. Customers can then view and pay their bills online, using a secure payment gateway. The system also allows companies to track payments, manage customer accounts, and generate reports. 
  
  Tips & Tricks: 
  When setting up EBPP, it is important to ensure that the payment gateway is secure and compliant with industry standards. Additionally, companies should consider offering incentives for customers who pay their bills electronically, such as discounts or rewards points. 
  
  Related Information: 
  SAP FSCM Biller Direct also includes components for customer relationship management (CRM), collections management, dispute management, and analytics. These components can be used in conjunction with EBPP to provide a comprehensive solution for managing customer accounts and payments.