Invoicing is a part of everyday business and something that is essential to keeping a company afloat. Sending out invoices to clients or customers ensures that you get paid on time, keeping your finances in check and your business in the pink of health. With technological advancements in the last decade, automated invoicing is quickly becoming the go-to for many businesses. In this article, we have a look at why investing in your invoicing is essential, so read on to find out more.
1. Efficiency And Speed
If you are a business looking for invoicing software in Australia, chances are you are looking to speed up your entire accounting process and get invoices sent out quickly and efficiently. Investing in e-invoicing is a fantastic way for you to cut the middleman out and get invoices sent to customers as soon as possible.
Invoicing software generates invoices for you within seconds, and can send monthly or weekly invoices out to your clients automatically. This saves you a lot of time having to manually send invoices out, especially if multiple invoices are involved monthly. Automated invoicing offers you the ability to send invoices out from wherever you are – regardless if you’re sat at your desk or on holiday. Ensure that invoices are always sent out on time and on schedule by investing in your invoicing today.
2. Say Goodbye To Chasing Payments
All business owners have been there – you send an invoice out and seemingly never hear back from your client, neither do you see any money deposited into your bank account. Late payments and ghost payments are, unfortunately, all a part of running a business.
Luckily, invoicing software can send out reminders to your clients/customers, and can also notify you if your customer has seen your invoice and if it has been paid. Tracking invoices is essential, as neglected bills may never get paid, thus negatively affecting your business income.
Instead of manually figuring out who hasn’t paid for the month, investing in invoicing software is a fantastic way to chase up on late payments with minimal effort.
3. On The Go Accessibility
One of the beauties of investing in invoicing software is how you are granted on the go accessibility to your financial records and invoices regardless of where you are. By downloading an application on your mobile phone or tablet, you are able to track and trace your invoices regardless of where you are.
If you are someone who is constantly on the go and not always parked at the office, this could be highly beneficial for you as you will be able to send out invoices, check up on their status and send reminders out even when you are away from the office. By investing in your invoice, you’ll be able to manage your business on the go, wherever you are, whatever time.
4. Securely Store Data
Because invoicing software stores all information on the cloud system, you can be sure you never lose client data, invoices or anything else related to your invoicing process. Should a disaster such as a flood or fire occur in your office, you can be sure that you will not be losing out on any precious data as everything you need will be stored remotely on the cloud, and will be accessible via any computer. This also means that your invoices and client data needn’t be lost should your systems/computers crash and that you can get right back to work by accessing data off cloud storage.
5. Increased Levels Of Security
Last but not least, investing in your invoicing is also investing in security. Online invoices that you send are protected from unauthorized changes, unlike a manual invoice, email invoice or PDF invoice. Most invoicing software options keep track of changes that have been made to an invoice and offer only a limited leeway for editing.
You can also utilize two step authentication on your invoicing software and email accounts to fend off unauthorized access, thus keeping your client data and financial records safe from prying eyes.
We hope that this article has been useful in giving you some insight into exactly why investing in invoicing is both beneficial and essential for any successful modern-day business.
If you are interested in even more business-related articles and information from us here at Bit Rebels, then we have a lot to choose from.