oneit developed an e-payment system for Postdata that enabled generated invoices to be integrated with all Australian online banking sites. This allows end-users to instantly review and pay their bills online via the BPay system. The resulting ePay system is the first system of its kind developed in Australia, giving PostData a major competitive edge.
Postdata specialises in providing high quality mailing solutions, offering an invoicing service whereby account information obtained from their clients is used to generate invoices that are then mailed to the end-customer. oneit is enabling Postdata to revolutionise their core physical mailing business by adding a new, electronic capability that offers the following benefits.
The provision of electronic invoices allows Postdata to dramatically reduce the costs associated with the printing, packing and delivery of physical invoices.
Electronic bill payment is an additional service that Postdata now offers their clients. This is an attractive service for their clients to offer end-customers as it increases convenience and streamlines the entire bill payment process. It also reduces receivables, as clients pay more quickly. This improves the cash flow position for the company.
Reduced costs coupled with a growth in revenue will increase the profitability of Postdata's current invoicing service.