Top 5 Benefits Of Electronic Invoicing Software For Your Business

Are you still clinging to the age-old practice of generating manual invoices for your customers? Today, everything has gone digital. Small businesses are embracing new and innovative technologies to save time, money and effort. Therefore, it makes little sense wasting time on manual billing when you can leverage electronic invoicing software. It helps you to send digital invoices to your customers in a jiffy, thus doing away with the slow process of snail mailing or faxing loads of paper documents. Still not convinced? Here are the top five benefits of using them:

1. Get a Complete Overview of All Your Bills

Contrary to manual billing, it gives you an overall idea of all your bills and documents sent to your buyers. It helps you keep track of your debtors. This way, you do not run the risk of losing your money. A feature-rich invoicing application organizes all your bills based on the status of an order. It helps you keep an eye on your bills depending on a number of factors such as paid, sent, overdue and outstanding invoices. You can send automated alerts to buyers who failed to make payments on a due date. You can also perform a thorough inventory check, thus helping you to monitor sales and what items you need to restock.

2. Save Your Hard-earned Money

When all your business transactions are managed digitally, you save a lot of your hard-earned dollars. The process of manual invoice creation and distribution is pretty expensive considering the costs associated with paper, printing and postage. This is not the case with electronic invoicing software. Expect to breakeven within a year if you are using this application. Once you start saving more money, expect to get better returns on your investment.

3. Improve Relationship with Your Customers

Every company wants its customers to come back for repeat business. The key to consumer satisfaction is by having a proper customer relationship management plan in place. It’s super easy to manage your customers and their documents, accounts and invoices from a single computer. This increases transaction accuracy and reduces billing errors, thus ensuring a solid business relationship with your customers.

4. Bill Your Customers Right Away

The conventional method of invoice creation is not only expensive, but also time consuming. Think of manually printing your bills, sending them by snail mail and waiting for the payment to arrive. It’s a slow process and a few weeks will simply pass by. E-invoicing helps you bill your customers in a jiffy irrespective of their geographical location. Customers will be able to make quick online payments, thus expediting the entire billing process.

5. Go Green

Embracing e-invoicing is not only beneficial to you, but also to the environment at large. You no longer need to use loads of paper just to bill your customers. Saying yes to e-Billing helps you contribute to a greener environment.

Electronic invoicing software helps you simplify your business processes. Save time, money and improve productivity by sending e-invoices to your customers.