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.
Inefficient billing practices raise operating costs and affect profitability. With a manual billing system, you spend too much time on each invoice and are likely to make calculation errors, taking away attention from your employees and customers. Consider this: per the findings of a Gartner Group study, a 5% decrease in operating costs can have the same impact as a 30 percent increase in sales.
The inability to customize billing can also impact your profits. Your customers receive invoices at different frequencies and require different levels of service; there is no one-size-fits-all small business billing software. An inflexible billing system can result in late invoicing, leading to late payments (or no payments) and staunched cash flow.
Whether you run a small company where customer retention is everything or work as a freelancer juggling multiple accounts, digital billing software from Sage can help you improve your business’s 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 digital billing software, you can generate recurring invoices, customize invoices, alert customers when they need to make a payment, and communicate instantly and easily.
You can also maximize 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 invoices and monitors them, which helps customers avoid late payments or missing them altogether.