Advantages for billers

Participating in the PayNet network will help you to optimize internal processes and to reduce costs.
Sending bills electronically saves time and reduces costs. There is no further need in printing your bills, you can reduce expenses for paper, envelopes, postage etc. The savings increase with increasing electronic bill volume. Bills can be mailed at any day in the month and distributed over the entire month.

One connection – one format.
You can send all your bills electronically in the same format to the PayNet network, independenty from the recipient. The PayNet network prepares the bill data correctly for each of your bill recipient. You can decide in which of the PayNet standard formats – XML, EDIFACT or IDOC – you send your bills to the network. The connection will be realized in a very short period of time.

All PayNet BSP meet the legal requirements.
PayNet services enable the VAT compliant processing of electronic bills.

PayNet optimizes your cash management.
PayNet provides extensive status information about all your bills which you can access at any time. The biller therefore knows when a payment will be received and can improve its liquidity planning.

PayNet BSP support you to increase your customer loyalty.
While presenting the detail bill to your customer, PayNet BSP offer you the possibility of presenting bill inserts and further information regarding the bill with the bill. There is no further need to print bill inserts long time in advance. You even have the possibility to send different bill inserts to different customer segments.

PayNet BSP provide a VAT compliant archive solution
PayNet participants can do without printing, copying and archiving a bill. In the medium term, the paper bill archive will become unnecessary. Inquiries will become much easier, because the archive solution includes a full index search so that each electronic business case can be accessed.