Electronic Presentment

What is Electronic Presentment?

Electronic Presentment is the sending and displaying of customer documents like statements, bills, invoices or tax documents electronically either online via a browser or on a mobile device. ePresentment seldom gets the respect it deserves. That’s because previous iterations of electronic bill presentment (sometimes called EBPP, ePresentment or mobile bill presentment) tended to be clunky or inflexible, limited in their capabilities as a legitimate multi-channel customer engagement tool that it is now.

Electronic Presentment

Benefits of Electronic Presentment Services

Fortunately for companies looking for new and affordable strategies, today’s electronic bill payment and presentment services are significantly more robust than their predecessors. The right ePresentment and electronic document delivery solution can benefit your company in numerous ways, ranging from reducing production costs and increasing ROI to building brand equity and enhancing your customers’ overall multi-channel experience. Done right, ePresentment is a powerful business tool that can increase customer acquisition, retention and loyalty–and lead to higher adoption rates from those who currently prefer paper-based documents.

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Are All Electronic Presentment Services the Same?

Just because there is a lot of electronic document management solutions doesn’t mean that they’re all the same. Far from it, in fact. Like any business software or technology, there are critical differences when it comes to bill presentment and payment features, functionality and providers.

Here are the top five considerations to keep in mind when comparing electronic statement delivery solutions for your company:

  • Overall Flexibility — Flexibility is essential because it reduces the cost, hassle and risk of presenting documents electronically. How many presentment alternatives do you want? What about user authentication and hosting options? Flexibility is all about choices.
  • Interface Integration — How easily can you store electronic documents elsewhere and link customers directly to them? To view documents, do customers have a single sign-on option (SSO) or do they have to log out of one site and into another? Does the linked-to site have the same branding as your company website?
  • Customizable Options — The ability to personalize the user experience to your customers’ needs is the true mark of a superior EBPP solution. Email notifications, for example, instantly alert customers the moment online documents are ready for viewing. Then there’s on-page messaging. Does the solution you’re considering dynamically insert targeted promotional or educational messages directly into your documents? The best ones do.
  • Bill Pay Integration — Most EBPP solutions include some form of bill payment integration. The thing to check here is accessibility, ease of use, and how quickly users receive a confirmation after making payment.
  • Archival Capability — Archiving documents is a great way to support front-line customer service reps. This allows your reps to instantly access saved electronic versions of statements, bills, invoices, tax documents or letters. This helps them quickly resolve account-related issues or inquiries. Make sure to check how easily the solution converts, stores, protects and presents archived documents. Unlimited archival capacity is best. So is a clean and simple administrative interface through which reps can retrieve and view electronic documents.

FSSI’s Electronic Document Delivery Solution

Many companies seeking to update their multi-channel engagement strategy often overlook e-presentment services. Yours doesn’t have to be one of them. As you review and compare ePresentment packages, don’t forget to include FSSI’s eStreamOne electronic presentment solution in the mix.

The product of decades of upgrades and refinements, eStreamOne is a full-featured package used by top-tier financial services companies across the nation, including banks, credit unions, brokerages and insurance companies.

FSSI provides best-in-class solutions for both print and secure electronic statement delivery and electronic document management tools. We process both printed and electronic documents from a single data feed. We can also handle documents in PDF format enabling you to reduce the costs and risks associated with driving customers to your mobile sites. Integrated electronic bill pay may also be included. Check out our secure printing technology page to learn more about the print, mail and data security we utilize.

Schedule a No-Obligation EBPP Demonstration

Contact an FSSI electronic billing specialist today for more information or to schedule a no-obligation ePresentment EBPP consultation.