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Creating of invoices on a periodic basis and taking out paper print out of invoices, for them to be couriered is a redundant process now. This is a time taking process which is inefficient and costly. Paper bills can get lost in transit and this can cause a lot of chaos in locating the invoice or re-creating a new one.
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Introduction • Online invoicing uses the latest tools and techniques for simplification of the invoicing process. • Creating of invoices on a periodic basis and taking out paper print out of invoices, for them to be couriered is a redundant process now. This is a time taking process which is inefficient and costly. • Paper bills can get lost in transit and this can cause a lot of chaos in locating the invoice or re-creating a new one.
Invoice Scheduling • Cloud based invoicing solutions provide this unique feature of scheduling online invoices at your convenience. • This ensures that each and every invoice is sent to the client in a timely manner.
Invoice From Anywhere • One of the key advantages of invoicing online is that one can send out invoices from any location or computer. • One has to just login to the cloud account and start creating invoices with utmost ease.
Track Invoices Easily • Online invoicing ensures that each and every invoice is easily tracked. One can visit the invoicing dashboard to understand whether an invoice has been reviewed, approved and paid etc. • This helps in following up with clients on payments in a timely manner.
Financial Reports • One of the most important aspects of business invoicing process is financial analysis. • Digging out historical invoices and analyzing outstanding invoices, is almost impossible in a paper based invoicing process.
Adding a Late Fee To Invoices • One of the most crucial aspects of business invoicing is timely payments. Online invoicing provides a one step process of adding a late fee to invoices. • This is helpful in ensuring that your clients are making the payment before or on the due date.
Efficient Process Online invoicing is a far more efficient process as compared to offline invoicing. • Invoices don’t need to be printed manually. • Invoices created and sent can be easily stored in the computer. • No need to recreate similar invoices, as recurring profile can be easily created and managed. • Invoice numbering can be managed with ease and one can locate important invoices with ease. • Automatic payment reminders reduce the need for payment reminders.
Cost Savings • Cost savings with online invoicing can be huge. • The creation and processing costs of online invoices is far lower than that of paper based invoices.
Reduced Invoice Exceptions • Most organizations face the issue of a large number of invoice exceptions and disputes due to errors in sending out paper based invoices. • Online invoicing on the other hand provides pre-designed templates with absolutely no chances of errors in the invoicing and the least chances of any dispute.
Multiple Languages and Currencies • Adding multiple languages and currency options is almost impossible in case of paper based invoicing processes. • In case of online invoicing, these features are really simple helping businesses to send out invoices globally.
