Nestlé Expands Transactis Electronic Billing Payment Relationship
International food and beverage manufacturer adds Nestlé Water division to Transactis’ BillerIQ platform
In a move to provide their clients with a superior online invoicing and payment experience, Nestlé has decided to implement the BillerIQ solution already in place at Nestlé USA in its Nestlé Water division. Nestlé USA has been working with Transactis since 2010 to give its customers, specifically food and beverage distributors, the ability to view and pay invoices online. Customers that previously could not support an EDI process now have a means of viewing invoices online and making electronic payments. In addition to providing an alternative for customers who could not receive invoices via EDI, the solution supports Nestlé’s green initiatives to reduce paper.
The improved electronic billing and payment adoption that Nestlé USA has witnessed since implementing BillerIQ, in conjunction with the positive working relationship between Nestlé and Transactis, has led to the decision to bring the BillerIQ solution to Nestlé Water. The BillerIQ solution will alleviate miscommunications between customers and Accounts Receivable departments about not receiving invoices and reduce Nestlé’s Days Sales Outstanding. Additionally, the solution will lessen the workload required to print, fold and mail invoices, and eliminate post office lead time involved with mailing an invoice.
“We are very proud to expand our relationship with Nestlé, a food and beverage industry leader.” commented Joe Proto, Transactis’ CEO and Chairman. “We put the utmost importance on client satisfaction and we are delighted that Nestlé recognizes the value that BillerIQ brings to their customers.”
Transactis is helping some of the most well-known banks and corporations securely move money and data. With a software-as-a-service platform designed to meet the needs of businesses of all sizes, Transactis delivers robust billing, payment and marketing applications to replace paper processes with smarter electronic transactions.
Founded in 2001, Transactis expanded its product offering with the acquisitions of OfferIQ and Data Impact.