An empowered compliance officer is a key component of the a billing and reimbursements compliance program, according to the board.
When you send or give someone a bill for services or goods you have supplied for them, it details how much cash they owe you for those goods or services. The transfer of funds from a payment accounts to a payee, initiated via online banking service, is referred to as a bill payment or "Payment."
Billing is the process of creating and delivering invoices to clients and asking them to pay the outstanding balance. For businesses, invoices are records that are used for record-keeping.
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