With the startup culture on a boom, more people are venturing into businesses. But, what deters them from the route two-three years down the lane? Zintego.com
Well, there can be multiple reasons, but poor cash flow continues to top it all. While there are many online invoice payment processing software in the market, you will need to choose one that can guarantee seamless invoicing.
If you want to get advance payments, stay on top of accounting, and be tax ready at all times, then you have come to the right place. Smooth invoicing is the need of the hour and can make or break your business. Here are just a few reasons to streamline them if not done as yet!
1. Customized Invoices= Better Relations With Customers
The modern client loves a special treatment. Now, we don’t say go deliver it to their house, but they should surely have a smile when they open your mail. One thing that can easily be done using best online invoicing software is generating customized invoices and including a thanks note. This will not only make your customers feel the efforts you take for them, but it will also lead to long-term relations with them.
2. Streamlined Record Management
Yes, excel sheets and paper-based invoices may look easy to make as you have been doing it for years. But, if you are not using online invoicing software, you are leaving a lot on the table. Not only is it super easy to use, but it also keeps your records clean and organized. You can filter the information in just a few clicks and need not search for hours.
3. Tax Compliance
Tax season can be tough if your payments, deduction, employee funds, and other things are not in order. But, with online invoicing solutions, you can stay audit-ready throughout the year. These solutions enable you to deep dive into your finances to a granular level and ensure nothing is missed out.
4. Reduced Paper Usage
Offices waste upto 1000’s dollars every quarter on sending paper-based invoices. But, with free invoice templates, you can save on paper usage, do your bit for the environment, and save your clients from handling a pile of invoices. Besides, there will be a clear system for handling invoices. You can also send automated payment reminders, which looks practically impossible when stuck in a paper-based invoicing system.
5. Saves Time
Imagine that you have to attend three meetings, complete a report, and generate 10 invoices on a single day. While we cannot do anything about your meetings and reports, we can surely cut down your invoicing efforts.
Online invoice payment processing software can help you generate invoices in just a few minutes compared to excel and paper-based invoices. Besides, you can choose from a host of free invoice templates and get that much-needed variety in your invoices.
6. Enhances Brand Reputation
How you deal with your customers and your invoice handling will impact your relationship with them. When your financial records, follow-up mechanisms, and invoices are transparent and comprehensive, your clients would love to work with you again.
These little but important things will also help your clients keep their records clean. They might also give you some referrals and you might get a client or two. As word-of-mouth spreads, you will have a solid pipeline and build a good reputation for yourself in the market.
7. Get Access to Multiple Payment Options
Gone are the days when you had to wait for check payments. While it didn’t lead to much effort on your part, banks could take days or weeks to process your payment. But, with modern invoicing solutions, you can integrate payment gateways and offer multiple payment options to clients. These include credit/debit cards, Stripe, PayPal, ApplePay, checks, wire transfers and other modes as per your country norms.
Wrapping Up
With access to free invoice templates, online invoicing software is no less than a boon for startups and small businesses. Multiple budget-friendly options in the market can be used to streamline your finances and stay on top of cash flow at all times. So, what are you waiting for? Get access to all the benefits mentioned above with your online invoice payment processing software.
