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Explain How an Electronic Invoice Presentment and Payment (EIPP) System

question 106

Essay

Explain how an Electronic Invoice Presentment and Payment (EIPP) system works and why they are used to settle business to business transactions.

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Definitions:

Enterprise Value

A measure of a company's total value, factoring in equity, debt, and cash on the balance sheet.

R&D Stage

The phase in product development or business planning focusing on research and development to innovate or improve offerings.

Proprietary Advantage

An edge a company gains by keeping its innovations, proprietary processes, or data secret to prevent others from copying or using them without permission.

Contractual Advantage

An upper hand or benefit a party has in a deal or agreement due to specific contract terms.

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