An organisation is looking for a way to improve their accounts payable process.Someone suggested that they continue to send out paper invoices but allow customers to pay through their bank website and phone banking.This is an example of:
A)Electronic bill presentment
B)Electronic bill presentment and payment
C)Electronic bill payment
D)Neither electronic bill presentment nor payment

Question

Quizplus · Accepted Answer

This is an example of electronic bill payment because the organization is allowing customers to pay electronically through their bank website and phone banking, but the invoices are still being sent out in paper form, not electronically.

An Organisation Is Looking for a Way to Improve Their