Managing your company’s finances through spreadsheets, emails and documents is a time-consuming process. Also, it makes the billing process cumbersome and tedious.
However, here’s an important question- is there a way to make invoicing faster and easier?
The answer is- Yes! Billing software will speed up the process of invoicing.
Billing software is the electronic equivalent of you doing your complex billing procedures. Yes, that is it. Needless to say, it’s faster, easier and it relieves you of your manual invoicing duties. In fact, almost every industry on the planet uses one! Right from grocery shops to international shipping companies, you’ll find billing software everywhere!
No doubt businesses have experienced an overall boost in their productivity. This is because it monitors and manages all your financial activities such as real-time invoicing, GST calculation, offers/discounts, payroll, accounts, etc. effectively.
Apart from reducing your physical invoicing burden, billing software has many more benefits.
Let’s have a look!
Billing software makes calculating taxes easier for you. Also, you can generate receipts by calculating the GST or tax within a few clicks. The best part? even though state-wise tax reporting is tricky, billing software generates those invoices with accuracy.
No doubt, Generating an invoice is a tedious process. But, what if you were almost done with your processing work and you lost your internet connection. Well, nothing to worry about, billing software syncs your data the moment your connection is back. In fact, they are made compatible with both Online/Offline work scenarios.
You need not write your customer’s details every time to generate an invoice. In fact, all payment terms, products and service details can be easily stored and retrieved. This implies, that you save the time taken to process an invoice. Also, the accuracy helps to avoid any delays and rework.
You can track or set reminders for your payments. Additionally, knowing the status of your due payments helps to manage your business’s finances better. Also, you can keep a close eye on whom to remind, what for and for how much. Let there be no pending bills.
With the cloud-based invoicing systems you can create and customize invoices at your fingertips. Unlike the manual process, you land up saving your crucial work hours. Moreover, you can import your customer’s data within a few clicks. So quit running around with unprocessed invoices, get client-approved quotations and invoices in a moment.
Read More: An Overview of E-invoicing and its features
Wish to make better decisions by converting your data into actionable insights? If you roared a big YES! then billing software would be a perfect solution for you. Quick dashboards simplify workflows as you don’t have to struggle with spreadsheets anymore. Also, you experience seamless customization of data-driven reports even for the most complicated tasks.
Vendors and customers spend a lot of time and effort on billing reconciliation, invoice processing and managing internal controls.
Now, what if you got the right mix of technology to deal with this?
Billing software easily integrates with ERP& CRM systems that enable small and medium-sized businesses to gain absolute control over their resources, data, and communication methods making workflows efficient and effective.
Security is a huge issue for online businesses. With more than 1,800 data breaches in 2017, hackers continue to find new ways to exploit vulnerabilities in your websites and payment systems. Get the peace of mind that comes with billing software. Your clients can pay with confidence because your payment page implements industry-leading security tools like encryption.
Signing and mailing each invoice is tedious. In fact, it takes forever and you land up messing things up. So, if you use digital signatures for your invoices, you don’t have to waste time getting manual signatures on every invoice. Think of the time and money you’ll save!
Also, you can do all your invoicing digitally with PDF AutoSigner Pro. Sign documents digitally send them right to your clients within seconds.
Processing invoices is a tedious task. And the only masterstroke to make it effortless is using billing software. So, we tried to cover almost every aspect of why billing software is a perfect tool for you and your team. We hope you enjoyed reading our article and gained insights into managing your company’s finances effortlessly.