Transition to e-invoicing and post-implementation benefits ...
Benefits of efficient online invoicing
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Transcript of Benefits of efficient online invoicing
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The businesses are turning to digital that opens up to many possibilities. The proper invoicing adds a level of professionalism to your business and in the eyes of your customers. If you are doing business online and selling to customers in different countries, you need to comply with the local regulations of invoicing processes.
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Boost your business by taking the right steps over these hurdles.
● Inefficient management of user signups, activation, trials, upgrades, and downgrades. Resolving invoicing issues and managing the client account with ease.
● Receive recurring payments, reconcile and manage them at any frequency● Fix the options to track the number of invalid payments with exact recognition of failed
transactions.● Cost center, duplicate errors in purchase order allocation that mismatches its freights● Tax return filing, special VAT invoices, administration requirements of the tax authorities
are more complicated
● Ensure a secure connection between the company’s web server and customer’s browser
● Data securely stored and backup
● Integration with client management system
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To stay in business without any trouble produce invoices that comply with the laws of the countries you sell within.
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For example:
European Union requires the charging of VAT in the sale of the products and services online. Therefore,
the use of invoicing sets up to collect the correct amount of VAT required but would also help the
customers to claim back VAT.
Australia/ Canada:
The countries require the charging of GST on all the sales online. They have invoicing requirements
owing to the business sales.
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Follow these actions against the challenges discussed above to overcome them and improve productivity to a new level.
Look for very easy and quick solutions with online invoicing software.
1. Improve & Automate Processes:
● Automate invoice scheduling and relax.
● Create recurring invoices and retain clients.
● Automate late fee and payment reminders to get paid quicker.
● Automation ensures better resource utilization and cost cutting.
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2. Simplified Payments:
● Receive payments with 25 International payment gateways.
● Set up auto billing profiles and simplify the payments process.
3. Integrate with Legacy Software:
● Simplified integration with existing CRM and ERP tools.
● API integration to integrate with 3rd party tools and eCommerce integrations.
Also read: Four Ways to Get Paid Faster
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4. Detailed Financial Analysis:
● Achieve your overall financial goals with simplified reports generation.
● Manage reports of outstanding and payments for a healthy cash flow.
5. Improved Document Management:
● Manage all client estimates and purchase orders with ease.
● Ensure all B2B documents are managed efficiently.
6. e-Commerce Integrations:
● Integrate Invoicera with your e-Commerce platform and automate your e-Commerce invoicing.
● Benefit from a smooth invoicing and payments process.
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7. Manage Your Subscription Business:
● Subscription billing helps in sending bills to customers on a periodic basis, improving
productivity of the invoicing process.
● This helps in retaining long term clients.
8. Simplified staff management:
● Assign clients, sections and define roles for staff members.
● Control staff activity with permissions related to tasks and accessibility.
● Details of their last login can be checked. Estimate to invoice ratio of each staff member can
be viewed.
● Detailed time sheets of staff members can be viewed on a weekly and monthly
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9. Bespoke Invoicing:
● Customized invoicing solutions, according to specific business requirements.
● Add functionality requirements and improve business productivity.
The invoicing process is often complex for large customer base. Choose the system that can
replace paper billing processes with 100% solutions easily and immediately. This brings
considerable cost savings and better customer service. The online invoicing software is a wise
investment that you won’t regret to make. The benefits including everything from invoice format
conversions, new customer connection activation, tax compliance assurance that made easy.
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Choose the right tools like Invoicera helps to simplify the
business processes and improve business productivity to a
new level. Look for many features:
● Custom workflow management
● Automatic payment reminders
● Expense management and control
● Invoice scheduling
● Online payments
● Error free and professional business invoicing
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