10 Benefits of Using an Online Invoicing Software

Whether you are an independent, a small business owner, or a corporation, today's market is much more competitive than before. Attracting and retaining customers has become very important to growing the business and staying in the market for a long time. It is essential for companies to find ways to save money and time. Increasing productivity and convenience is of utmost importance. That's why online invoicing software helps streamline the entire invoicing process.

Expanding your business may seem like a far-fetched dream at first, but there is one step you can start with. It's called improving your billing process. An improved invoicing process will lead to increased cash flow and business productivity. Unfortunately, creating invoices on paper and Excel sheets is not the most efficient way to improve the billing process. Cloud-based invoicing software is a solution for businesses. Many businesses are still reluctant to use online invoicing software for business, even after its multiple benefits.

Let's dig a little deeper and find out the top 10 benefits of online billing software:

1. It's fast, simple, and easy

Spending an average of 30 minutes creating a paper invoice is a very common daily business activity. It is common but not beneficial. Creating multiple invoices is a frustrating task. It involves a lot of attention and calculations and is prone to human error.

With Online invoicing software like Invoicera, you can save all your important customer information in a single dashboard. This free invoicing software allows you to save all your data in the cloud once and for all. It allows you to generate invoices in minutes & send them to your customers by mail. You can also save the invoices in PDF format for future reference. As a result, you reduce the extra hours you spend on the complex task of invoicing.

2. Store everything in the cloud

With custom billing, you can rest assured that you will never lose data again. Computer crashes, or email problems are a thing of the past. Everything you enter into your online billing software will automatically be stored in the cloud for, as they say, eternity. With your data stored online, you can simply log into your account and start billing your accounts immediately.

3. Automation is the key

Probably the biggest advantage of custom billing is its automation power. By this we mean that you can set up a recurring payment account for your regular customers and inform them of invoices on time. Automation with Invoicera is specifically designed to help businesses reduce the extra effort they spend on the same task over and over again. It will help you establish a subscription-based business model to help you retain your customers for a long time. Automation with Invoicera means you can set up recurring payments for long-term customers, send gentle reminders for payments and dues automatically, and save a lot of your valuable time.

4. Establish a strong brand identity

Invoicera, the best online billing software, helps you strengthen your brand identity. You can easily customize and define an invoice template with your logo, colors, and fonts to match your brand. A strong brand identity leaves a positive impression on the customer and gets you paid on time. It has been found that putting a logo on your invoice gets you paid three times faster. It even allows you to create personalized automatic messages for your customer, both when you request payments and when you receive them. It is advisable to always leave a link for your customer to resolve some of their additional questions when sending them official communication.

5. 100% secure

Lost paper invoices and information is the most common problem faced by most businesses. You may lose an important document while traveling or simply forget where you last filed it. The human mind is not perfect, and mistakes are very common. But how is it possible that you lose track of all your important information? This could, at some point, cause the kind of damage to your business that you never dreamed of in your worst nightmares.

Security is one of the important matters of any company. Invoicera, therefore, helps you keep all your important information 100% secure by allowing you to backup all your data to the cloud. Once saved on the cloud, the same data becomes immortal and ubiquitous for you, meaning you can access it anytime and anywhere with your secure login credentials. Invoicera's dedicated developers ensure that the billing software is the most user-friendly and secure. Invoicera is fully GDPR compliant, ensuring that your information is safe and secure.

6. Multi-currency and language for your international business

Now break the language barrier and currency exchange hassles with free online invoicing. Invoicera, the best billing software, offers more than 30 online payment gateways so you can receive payments from any part of the world without any difficulty. The multilingual feature allows you to create invoices in the preferred language of your customers. This helps you to have more confidence with them and gain their trust.

7. Save considerable costs

"When you factor in the time,it takes to create, send and process each company invoice, it's easy to see why companies spend an average of $4 to $20 per paper transaction. "

In addition, the costs associated with paper, ink, and postage are enormous. Online billing software eliminates all of these costs. And, through automation, your business can reduce the cost of invoicing by nearly 30%.

8. Access information anytime, anywhere

The cloud-based online billing software allows you to access your information at any time of the day. It allows you to take your information with you wherever you go and give them more time and increase your productivity. The cloud-based billing software allows you to manage your customer information on the go with its associated billing app. The little device in your palm is extremely useful for managing your finances and invoices with Invoicera.

9. Simple audit process

Invoicera, the best billing software, allows you to save everything in the cloud. Your invoices, quotes, expense receipts, financial reports, etc. The mega dashboard allows you to access each report for detailed analysis. Report filters allow you to perform a detailed analysis of your reports easily. During tax season, you or your accountant can easily determine all allowable tax deductions with the online billing software. It's convenient to be able to locate all your expenses and receipts from one place quickly. Best of all, this process can get you off the hook in the event of an IRS audit.

10. Instant invoice delivery for 3x faster payments

As we've seen before, creating an invoice with Online invoicing software only takes a few seconds. Real-time invoice tracking lets you know the exact status of the invoice. This is much faster than paper invoices. So you reduce the extra time invested in invoicing and receive payments 3 times faster.

Conclusion

Whether you are a business owner, a startup founder, a freelancer or a large corporation, the competition is increasing day by day. Businesses of all sizes must look for ways to save time and money.

The benefits of using online invoicing software can really save the cost of an employee. Choosing the right online invoicing software with the right features should be carefully considered when changing your billing process.