ABN Amro and BillingZone win Kodak EIPP contract

ABN Amro and BillingZone win Kodak EIPP contract

Eastman Kodak Company (Kodak) has signed up to ABN Amro's electronic invoice presentment and payment services for its extensive billing operations.

The bank, in partnership with e-billing outfit BillingZone - itself a subsidiary of PNC Bank and Perot Systems - has been selected to transform Kodak's existing paper-intensive billing process into an electronic paperless invoicing and collection environment. Kodak currently generates several million invoices annually.

According to William Love, treasurer of Kodak, the company wished to create a global infrastructure to invoice customers, automate cash application and collect electronic payments. The payer-centric solution delivered by ABN Amro and BillingZone provides both end-to-end functionality and global reach, he adds.

Cindy Murray, group senior vice president, ABN Amro, comments: "We take an all-inclusive approach to EIPP - accommodating highly variable invoice data and wide-ranging global regulatory requirements while at the same time recognising the importance of payer adoption, all of which are critical to Kodak's B2B transactions."

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