As a small business focused on growth, it’s important to take the necessary steps to streamline your daily operations and keep costs down! This might mean outsourcing some of those trickier tasks that are beyond your skillset, keeping costs down by working remotely or even cutting back on the number of working lunches you enjoy at a local café.
Interestingly, one of the main areas of concern for smaller businesses and one that is often overlooked is the payment and billing process. Small business owners can spend hours sifting through confusing email chains and IMs trying to find agreed prices and terms and spend even longer trying to create professional-looking invoices with limited software. Excessive periods of time spent on this kind of frustrating yet necessary admin could be holding your business back more than you think when the key to unlocking your efficiency could be as simple as utilizing invoicing software.
Want to know more? In this post, we’ll explore why you should invest in invoicing software and how it might help your growing business.
You Can Create Professional Looking Invoices
Getting paid on time whether you’re a fledgling startup or a well-established business, is one of the bug-bears of any enterprise. There are a variety of reasons why clients might delay getting payments over to you, but when business owners take the steps necessary to create professional and accurate-looking invoices, it means that they’re more likely to be paid on time and in some cases – early.
When invoices are sloppy-looking and inconsistent, then they’re much more likely to be overlooked and ignored entirely, resulting in delayed payments and frustrations. This is where invoicing software comes in. When you have the ability to create attractive and professional-looking invoices within seconds, you can wow your clients with your competence and business acumen, sending a message that you’re professional at every stage of your relationship.
Offer More Ways to Pay
When you only offer specific ways to pay or methods that require additional effort from your clients, you can expect your invoice to hit the back of the queue. With invoicing software, you can change all that, and offer your customers a variety of different payment options that suit them. This simple change to your billing and payment process can help you get paid faster than ever and even give you an advantage over your competitors.
Better Invoice Management
Sent an invoice last week but unsure if your client has received or opened it? With invoicing software you can take the uncertainty out of the billing process with helpful alerts and updates letting you know when your client has seen and paid your invoice. You’ll also be able to add payment due dates to your invoices, helping your clients keep within your payment terms without sending awkward reminders.
This powerful approach to invoicing means you’ll be in better control of your business going forward, which in turn, means a better overview of your financial situation and stronger business decisions made by you. Consider investing in free invoicing software today for your growing business.