Your customers and suppliers want transparent bills. You want to keep your customers happy, but your business also relies on timely payments. Digital billing can help you achieve both goals.
Digital billing or e-billing 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 digital billing systems, like invoicing software from Sage, receive payments sooner than companies that don’t.
Manual billing methods are problematic at best
Companies that don’t use online billing software will struggle to compete. Manual billing systems are inefficient and lead to higher operating costs, which impacts profitability and payment processing. Invoices may include errors that can delay payments and ultimately affect cash flow. Consider this: a 5% decrease in operating costs can have the same result as a 30% increase in sales.