Companies that don’t use automated billing software can struggle to compete in today’s dynamic business environment. For small businesses, having to create, process or chase unpaid bills reduces the time that could be spent on critical, revenue-driving activities.
Manual billing systems are inefficient and lead to higher operating costs, which can impact profitability and payment processing. Unfortunate human errors made when creating manual invoices or bills can result in delayed payment and ultimately affect cash flow.
Consider this: a 5% decrease in operating costs can have the same result as a 30% increase in sales.
Your customers and suppliers want transparent bills. You want to keep them happy, but your business also relies on timely payments. That’s where billing software comes in.
Billing and accounting software allows you to deliver bills (or invoices) and collect payments online. With digital bills, customers and suppliers can easily view their balance including a detailed breakdown of costs and make payments online. In fact, companies that use automated billing systems, like invoicing software from Sage, receive payments sooner than companies that don’t.
Digital or online billing software can help improve your business’ productivity while saving you time and money.
Thanks to more accurate records, you’ll have fewer errors when quickly creating invoices and processing payments.
Automating routine tasks, such as error checking and monitoring customer credit limits, means you can spend less time worrying about day-to-day transactions and focus instead on growing your business.
You can also create and send bills on the go. How? Our cloud-based digital billing software allows you to access and oversee your finances from anywhere.
This type of software will help you keep suppliers and customers happy. With automated billing software, you can generate recurring invoices, customise invoices, alert customers when they need to make a payment, and communicate instantly and easily.
You can also maximise profit margins. With the right billing and accounting software, track revenue, calculate a minimum monthly profit goal, and design business strategies to meet that goal.
Finally, you'll get paid faster. Automated billing software promptly sends out customised invoices and monitors them, which helps customers avoid late payments or miss them altogether.