Electronic Invoicing & Payment Management (EIPM) is a system that streamlines the processing of invoice receipt, handling, presentment, and payment processing. Thousands of companies still process invoices manually and still thousands more have not integrated the invoicing and payment activities, utlizing the power of the internet. With today's technology, the lack of a full scale EIPM system results in gross inefficiencies in accounting and administration costs and time.

There are hundreds of EIPM companies throughout the US and many specialize in supporting particular industries or have a particular area of EIPM expertise. Trying to understand the appropriate EIPM service that will cost effectively support your company's invoicing and payment management needs is the role of Stellar Risk Management Services, Inc.

Benefits to incorporating an EIPM system:

• Reduction in errors and omissions associated with manual data entry
• Significant savings, in some cases of 50-60%, by the elimination of a manual and paper based system
• Direct integration with AP/AR systems
• Timely and secure payment methods can be implemented through wire transfers and credit card.

Stellar Risk Management Services, Inc. is an independent agent for several EIPM companies that provide this outsourcing service. Please contact Stellar Risk Management through our inquiry form or by phone. We will be very pleased to discuss this very useful credit risk management tool with you.