What is the purpose of the e-P3 program?

The primary purpose of the e-P3 program is to integrate payment processing with remittance processing. This integration allows businesses to streamline their financial operations by linking payment transactions directly with the management of invoices and payment receipts. By doing so, the program enhances efficiency and accuracy, reducing the risk of errors associated with handling payments and remittances separately. This integration is particularly valuable for organizations that must manage large volumes of transactions and ensure that payments are matched correctly with the corresponding remittances, enabling better cash flow management and financial reporting.

The other options do not align with the core aim of the e-P3 program, as it does not specifically focus on online customer reviews, enhancing mobile banking services, or managing payroll electronically. These areas, while important in their own right, do not reflect the program’s focus on the integration of payment and remittance processing.