Paris, France: Already leading the U.S. in the exploding
electronic bill presentment marketplace, EDS launches its
Interactive Billing Services in Europe this week, empowering major
European corporations and government entities to deliver millions
of invoices on the Internet. The announcement is being made today
at the European IT Forum 1999 in Paris.
In Europe, more than 20 billion bills are produced every year.
EDS becomes the first major Internet player on the continent to
offer a comprehensive electronic bill payment and presentment
(EBPP) service that allows businesses to dramatically reduce their
costs by scrapping paper invoices and sending interactive bills
and statements using e-mail, corporate intranets and other
The E.solutions unit of EDS will begin delivering interactive
billing to Europe later this year, in a wide-open Internet economy
where electronic bill presentment is expected to be a $12 billion
(equivalent to approximately ? 10.5 billion/£7.5 billion)
marketplace by 2005. EDS is already delivering electronic bill
presentment services for major customers in the U.S. like MCI
Worldcom and Bank One.
"No one has the global experience in business-to-business
billing that we do," says Jay Ruuska, vice president of
Interactive Billing Services at EDS Europe. "And we don’t expect
corporations to scrap their legacy billing systems, which are a
very valuable investment for them. What we do: integrate and
transition the legacy system to a Web-based system, and bring our
clients into the Internet economy as quickly and efficiently as
EDS plans to initially present this offering to its existing
clients in Europe, with the telecommunications, financial,
manufacturing and utilities industries targeted areas for growth,
as well as the government sector. The capability will serve both
business-to-business and business-to-consumer marketplaces.
Cost-savings range up to 40% for major billers, who save
substantially on printing, postage and mailing costs with the
click of a Web browser.
Developed by EDS, interactive billing is designed so clients can
use any delivery channel they elect to support, whether it is the
Web, home-banking services, or emerging channels such as personal
finance software. This service represents a single integration
effort that maximises a company’s reach by delivering bills to
locations requested by their customers. In addition, EDS is
addressing data security issues by processing European bills and
statements in Europe.
Interactive billing also improves invoice accuracy, reduces
customer service costs and enables more cost-effective ways of
providing customer service and one-to-one marketing on the
Internet. Other natural additions to EBPP include enhanced
customer satisfaction and Web-based marketing and sales
EDS, a leader in the global information services industry for more
than 35 years, delivers management consulting, electronic business
solutions, and systems and technology expertise to improve the
performance of more than 9,000 business and government clients in
50 countries. EDS reported revenues of $16.9 billion (equivalent
to approximately ? 14.8 billion/£10.5 billion) in 1998. In Europe,
where EDS is rated second in the computing services sector, EDS
revenues totalled almost 4.5 billion Euros (equivalent to
approximately £3 billion/$5.2billion). The company's stock is
traded on the New York Stock Exchange (NYSE:EDS) and the London
Stock Exchange. Visit EDS via the Internet at http://www.eds.com.
EDS- U.S.- Ken Capps
+ 1 972 605 12 84
EDS- Europe - Stephanie Guinard
+ 44 404 585 658
EDS- Europe – Karen Feenstra
+ 39 335 596 89 48
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