![]() ![]() ![]() Reduce your carbon footprint: If you’re sending digital invoices-rather than using paper invoices, and mailing those out-you’re saving a whole lot of trees.(You’ll really appreciate this during tax time too.) Your books are always up-to-date: Access to real-time financial records and reporting is crucial for keeping track of how your business is performing, which automated invoicing takes care of for you.Look and feel like a pro: Automating your invoices also gives your customers a better and easier experience, so you’ll look and feel buttoned-up.Get paid faster: Letting your customers make online payments directly through a digital invoice increases your chances of getting paid on time, which speeds up your cash flow.Even a small error on an invoice can be a huge headache to correct, which automated invoicing can help prevent. Reduce errors: There’s less room for human error when you automate invoices.Save time: By letting your invoicing software take care of the manual work for you-like data entry, proofreading, and processing-you can get as many as 10 or 20 hours back to put into your business.Here are some of the other benefits of automated invoicing: And time is money for a busy small business owner (afterall, you need plenty of time to plan your world domination)! Automating your processes-including invoicing-can help you get paid by your clients faster, which is crucial for speeding up your cash flow. Payments: Similarly, you can usually directly integrate with an online payments software on automated invoices so you can collect payments directly from an invoice, which isn’t possible for manual invoicesĪutomations in general save you time and money.With manual invoicing, you’ll have to gather data and keep track of everything by yourself Reporting: When you automate invoices, you’ll also usually have access to reporting on key data that will help you make smart money decisions. ![]() Reminders: With manual invoicing, you’re responsible for sending invoices and payment reminders, which automated invoicing can take care of for you.Cost: Manual invoicing is more expensive than automated invoicing (costing around $16 - $22 on average)-plus, there’s the cost of the time it takes the manually manage invoices.Processing time: It takes longer to process an invoice manually compared to an automated invoice.With invoicing software, plugging in information-like invoice numbers-is done automatically Customization: If you manually create an invoice, you’ll need to customize the information on each invoice every single time.Manual invoicing refers to the process of using a word processor or spreadsheet to create invoices yourself, and then manually sending the invoice to each customer either by mail or email. Now that we’re all on the same page about what automated invoicing is, let’s compare automated invoicing with manual invoicing. This usually means your invoices are sent digitally, and stored in a server, using invoicing software. What is automated invoicing?Īutomated invoicing is the process of setting up your invoicing process to function automatically, which includes creating and scheduling invoices in advance to get sent out to customers at a certain time. Let’s take a look at why you should hop on the automated invoicing bandwagon, and five ways you can automate your invoices to get paid faster. Plus, there are clear advantages to using invoicing software versus creating and sending invoices manually. While automation can apply to many processes, we’ll specifically be focusing on invoice automation in this article.Īutomated invoicing gives busy small business owners the chance to focus more on growing their businesses and less on the pesky administrative activities associated with it, like sending an invoice or following up on an overdue payment. Whether this means becoming more cost-effective, more efficient, or more profitable, there’s also one common solution… Drum roll, please. Okay, but for real-a common goal all biz owners have is finding ways to make their lives easier and get paid faster (which can be equally ambitious!). All business owners have one common goal: world domination. ![]()
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