Who typically benefits from Electronic Invoice Presentment and Payment (EIPP)?

The choice indicating that sellers and buyers in B2B transactions typically benefit from Electronic Invoice Presentment and Payment (EIPP) is correct because EIPP streamlines the process of invoicing and payments between businesses. This system allows sellers to present invoices electronically, reducing the time and resources needed to generate and send paper invoices. Buyers benefit from the efficiency of receiving invoices quickly, as well as the ability to automate their payment processes, making transactions faster and reducing the likelihood of errors.

This efficiency can lead to better cash flow management for both parties, as it reduces the time between invoicing and payment. Moreover, EIPP systems often include tracking capabilities, which enhance transparency and accountability in transactions, ultimately fostering better relationships between businesses.

Other groups, such as consumers, financial institutions, or government agencies, may utilize EIPP but do not represent the primary beneficiaries. This technology is fundamentally designed to optimize the B2B invoicing and payment process, making it most advantageous for businesses engaged in such transactions.