eDAP FAQ
What is Invoice Connection?
Invoice Connection provides a complete cost saving billing
solution. In short, they handle all of your billing needs
including printing and mailing invoices as well as sending
e-invoices to those customers who request this form of
delivery. In addition to eliminate the “hassle” of invoicing,
our customers save thousands or even tens of thousand
dollars per year.
What is eDAP?
eDAP (electronic Data Aggregation Program) was recently
introduced by Invoice Connection to leading electrical
distributors throughout the U.S. Customers who choose to
participate in eDAP provide us with permission to
aggregate data on product and pricing information that we
will use to offer a valuable service to the electrical
distribution industry.
How will our data be used?
With eDAP, pricing data from your company and dozens of
other leading distributors are combined and analyzed. Our
forthcoming RealPricer service provides industry
subscribers with information on the Median price of fast
moving items, as well as the range of prices for which it has
been sold. These data are derived from thousands, or tens of
thousands, of transactions.
How can I be sure that my competitors
will not know specifics about my pricing?
Because we only will aggregate data for items when we have
a significant number of participants and we only provide
summary data, your individual pricing policies can never be
derived from our services. No individual transactions are
given, nor are any individual company names used.
Can you give me an example?
Sure. Suppose you are interested in finding out the price of
a QO120 circuit breaker from Square D. You can look this
up on the RealPricer web site, and would see, for example,
that QO120’s are selling at a median price of $4.17, and
have ranged from a low of $1.76, to as much as $12.77.
Can you give me an example?
Sure. Suppose you are interested in finding out the price of
a QO120 circuit breaker from Square D. You can look this
up on the RealPricer web site, and would see, for example,
that QO120’s are selling at a median price of $4.17, and
have ranged from a low of $1.76, to as much as $12.77.
Why should I agree to participate in
eDAP?
As an incentive for our first 200 participants in eDAP, we
are providing Invoice Connection’s services absolutely free
(you pay only for postage)! This is not just an “introductory
special”: We commit to provide this for you as long as you
participate in this program. Furthermore, when RealPricer
is introduced later this year, our eDAP participants will be
able to subscribe at a very substantial discount.
Will RealPricer provide regional data?
In our initial release, RealPricer will provide aggregate
national information only. As our network of eDAP
participants grows, we will provide regional information.
In order to protect our network’s anonymity, we will never
provide regional information unless there are a significant
number of participants in that region.
One of your competitors told us that you
will use our customer information for
marketing purposes. Is this true?
Absolutely not. Our strict privacy policy ensures that all of
your customer information is never used, nor is it released
to any third party.
