April 24, 2012
NEW YORK, NY– April 24, 2012 – In a move to provide their clients with a superior online invoicing and payment experience, Nestlé has decided to implement the BillerIQ solution already in place at Nestlé USA in its Nestlé Water division.
Nestlé USA has been working with Transactis since 2010 to give its customers, specifically food and beverage distributors, the ability to view and pay invoices online. Customers that previously could not support an EDI process now have a means of viewing invoices online and making electronic payments. In addition to providing an alternative for customers who could not receive invoices via EDI, the solution supports Nestlé’s green initiatives to reduce paper.
The improved electronic billing and payment adoption that Nestlé USA has witnessed since implementing BillerIQ, in conjunction with the positive working relationship between Nestlé and Transactis, has led to the decision to bring the BillerIQ solution to Nestlé Water.
The BillerIQ solution will alleviate miscommunications between customers and Accounts Receivable departments about not receiving invoices and reduce Nestlé’s Days Sales Outstanding. Additionally, the solution will lessen the workload required to print, fold and mail invoices, and eliminate post office lead time involved with mailing an invoice.
“We are very proud to expand our relationship with Nestlé, a food and beverage industry leader.” commented Joe Proto, Transactis’ CEO and Chairman. “We put the utmost importance on client satisfaction and we are delighted that Nestlé recognizes the value that BillerIQ brings to their customers.”
Transactis delivers a robust electronic bill and invoice presentment and payment (EBPP and EIPP) solution to replace paper bills and payments with smart electronic transactions. BillerIQ is a feature-rich, configurable white-label solution enabling businesses of all sizes and across all industries to securely deliver electronic bills, invoices and documents and accept payments online, by phone or mobile device. Transactis is HIPAA compliant, SSAE 16 compliant, PCI Level 1 certified, and SOC 2 certified. Transactis investors include StarVest Partners, Metamorphic Ventures, MacAndrews & Forbes Holdings, and ff Venture Capital. For more information visit transactis.com
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