Guide to Implementing an Invoiced Business Network Payment Solution

The process of event management is an increased challenge for organizations due to competition and the continuous expansion of their digital infrastructure. As the cycle of invoicing and receiving payments goes on, businesses must adjust accordingly to the ever-changing market demands. Implementing invoiced business network solutions is one service organizations can use to accurately process payments and accounts receivable.

This article serves as a guide on how to fully utilize a payment solution related to invoiced business networks. Beginning with an overview of the product and its capabilities, the article dives into the step-by-step implementation process.

What Is Invoiced Business Network Payment Solutions?

Invoiced business network payment solutions are a new wave of payment and invoicing systems intended to simplify the event management process. By providing a direct access to electronic payments, organizations are able to maximize their accounts receivable and gain more control over the money coming in and out of their domain. This also reduces disputes and eliminates the need for manual operations such as checks and money orders.

The benefits of investing in a payment solution are impressive. Organizations can gain a better understanding of their financial resources, streamline processes, increase revenue and monitor their performance better. A payment solution associated with an invoiced business network can help them achieve all of these.

Implementing Invoiced Business Payments

1. Choose a Payment Solution

The first step is deciding on a payment solution. Take into account the budget, technical needs, user-friendliness and customer service. Make sure to read product reviews and do some research to get a better understanding of the features of each solution.

2. Set Up Account and Payment System

Once a payment solution is chosen, the process of setting up an account and payment system should start. This involves an assessment of the payment flow, determining the types of payment that can be accepted and adding in the appropriate payment solution. It is also important to ensure the account is compliant with financial regulations and certain tax laws.

3. Install Solution Software

Next, install the software that comes with the payment solution. This software handles the complete back-office integration process and provides access to information such as reports, analytics and event queue. Ensure that the setup is properly configured and the staff is trained on how to use the software.

4. Integrate Payment System

Once the setup is ready, it is time to start the integration. Start by establishing secure connections with payers and suppliers. The payment system should also be connected to the back-office solutions to ensure everything works seamlessly.

5. Testing and Quality Assurance

Before the system can roll out, conduct a few tests to ensure quality assurance. Make sure to involve all stakeholders and involve them in the process. During the testing, verify that the system meets the desired requirements and make corrections if needed.

6. Roll Out

Once the system is tested and meets all requirements, it is time to roll out the solution. At this stage, it is important to communicate with all stakeholders and provide them with the necessary training. Introduce the system to new users, conduct training sessions and make sure everyone is comfortable with the system.


Invoiced business solutions are a powerful tool for organizations of all sizes. Through implementation of such a solution, companies can maximize their efficiency, reduce costs, and make the most of their accounts receivables. Implementing such a system should always involve the collaboration of stakeholders and the evaluation of proper quality assurance steps. It is important to train users before the rollout so as to maximize the effectiveness of the solution.