SAP and PeopleSoft are dipping their toes into the marketplace for business-to-business (B2B) electronic bill presentment and payment (EBPP) solutions, bringing new life to an area of financial automation that so far has been long on promise and short on results.
SAP, based in Walldorf, Germany, announced its entry into the EBPP arena last May, touting its ability to reduce processing costs by 70%. It hopes to launch its as-yet-unnamed product by October.
PeopleSoft introduced MarketPay last December and started limited production in May through a consortium of three French banks (BNP, Cr?? 1/2 dit Agricole and Soci?? 1/2 t?? 1/2 G?? 1/2 n?? 1/2 rale). MarketPay is economical only when buyer and seller are major trading partners with billion-dollar relationships, says Craig Himmelberger, director of products and technology at the Pleasanton, Calif., company.
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