PRESENTED BY HARSH VARDHAN AGGARWAL What is E-billing?
E-billing, short for electronic billing, is simply the
process of paying and receiving bills online. Bills or invoices are generated digitally by computers and software applications. E-billing is not only the generation of e-bills, but also the system that allows these bills to be paid electronically. An e- bill is usually generated by an accounting or financial software solution and then sent to the payer by email or a web-based portal. This e- Billing and e-payment portal usually allows the payer to access copies of their e-bills and manage or update information. Benefits of E-Billing
Time-savings and efficiency
Allows employees to focus on less monotonous and more strategic activities Error reduction Provides a system of record (SOR) System integration E - INVOICE SAP ERP
SAP ERP is an enterprise resource planning software developed by the
German company SAP SE. SAP ERP incorporates the key business functions of an organization. The latest version of SAP ERP (V.6.0) was made available in 2006. The most recent Enhancement Package (EHP8) for SAP ERP 6.0 was released in 2016.[2] Business Processes included in SAP ERP are Operations (Sales & Distribution, Materials Management, Production Planning, Logistics Execution, and Quality Management), Financials (Financial Accounting, Management Accounting, Financial Supply Chain Management), Human Capital Management (Training, Payroll, e-Recruiting) and Corporate Services (Travel Management, Environment, Health and Safety, and Real-Estate Management).[3] Deployment and maintenance costs
It is estimated that "for a Fortune 500 company, software,
hardware, and consulting costs can easily exceed $100 million (around $50 million to $500 million). Large companies can also spend $50 million to $100 million on upgrades. Full implementation of all modules can take years", which also adds to the end price. Midsized companies (fewer than 1,000 employees) are more likely to spend around $10 million to $20 million at most, and small companies are not likely to have the need for a fully integrated SAP ERP system unless they have the likelihood of becoming midsized and then the same data applies as would a midsized company.[6] Independent studies have shown that deployment and maintenance costs of a SAP solution can vary depending on the organization.