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6 Reason why Enterprise need Custom Billing Software

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karoline steward
6 Reason why Enterprise need Custom Billing Software

As I sipped my coffee in the middle of the night, I read the news about a business that lost nearly $2 million because its valuable records and invoices were destroyed by a sudden fire that broke out in the office due to a significant short circuit.

It was devastating to see an organization lose its existence all of a sudden. But then my logical mind asks, "Are we so helpless that we lose everything we have because of a single unfortunate circumstance? Or are we still neglecting what lies ahead?

The global cloud ERP software market is expected to reach $40.5 billion by 2025, growing at a CAGR of 13.6% between 2019 and 2025. Our records and INVOICES are some of the most critical assets we hold as a business with such high stakes. Invoices are our key to monetary rewards for the goods and services we provide.

Companies often operate in a competitive environment where they must constantly improve their business processes to be successful. Managing a vast customer base and invoicing regularly to ensure timely payments are some of the biggest challenges they face daily. How can you solve this problem?

Look no further because we offer the right solution to your challenges, a customized business billing software.

Here's a list of some of the thousands of needs that tell us

Why we all need a custom billing software for our businesses:


To have a custom billing:

Customer management is an integral part of a growing business. As companies need to serve a large customer base, they face the challenge of supporting their business processes and complementing customer satisfaction for greater efficiency. They need to send them regular invoices that correspond to the services provided to maintain transparency in their communications.

Often, these invoices are not tailored to the needs, leading to complacency and making the overall communication ineffective. In addition to invoices, companies also need to manage and track their expenses to develop an effective business strategy and attempt to grow their established business lines.

Customized billing software provides them with a solution to manage their customers on a single platform. With this platform, they can also control their expenses, invoices, and more to improve business productivity and save costs and better ROI.

Short and sweet

- A fully customized billing solution can help you stand out from the rest based on your business needs.


- It allows you to add functionality requirements and improve your business productivity.

 

An automated payment system


Payments are the entire bloodstream for any business. It is an integral part of any business that needs to be managed tactfully to maintain a healthy cash flow. According to the U.S., companies lose up to 51.9% of the value of their business-to-business receivables that are not paid within 90 days of the due date. That's why it's essential to monitor your payments.

Businesses receive their payments through customers, many of whom are recurring profiles that need to be billed periodically. They need to effectively manage their customers and keep track of their outstanding payments. Accounting plays a significant role here, as late payments hinder cash reserves and lead to cash flow difficulties.

With enterprise billing software, companies can easily manage their payments. They can track their overdue payments and charge fees for late payments. Customized billing software like Invoicera automates their billing process by automatically sending timely invoices to customers. They can receive payments through more than 30 payment gateways and send invoices in multiple languages and currencies.

Short and sweet

- Recurring billing profiles can be created to receive automatic payments from subscription customers quickly.


- Easily manage payments, charges, credits, and reports in a single dashboard.

 

Self-hosted solutions put you in complete control.

 

Outsourcing integral processes like invoicing and payment management to third parties seems like a viable option to save money. Still, often third-party outsourcing is vulnerable to data mismanagement, leading to data theft or loss.

Organizations look forward to hosting third-party software on their premises. This gives them complete control over their data and business processes. This is an efficient step to increase your business's benefits, which can be improved with an enterprise billing software like Invoicera that offers more than 60+ integrations.

Invoicera adapts to your existing framework and allows integration with your own existing ERP & CRM systems. Now you can integrate multiple e-commerce carts like Magento, Zen Cart, Open Cart, Shopify, and several other custom carts of your choice along with AR & AP management.

 

Short and sweet

- With on-premise hosting, the data stays with you, and you have complete control over your billing data.

- Hosting business efficiency for your customers and branding solutions. 60+ integration with e-commerce shopping carts along with AR & AP management.


Complete B2B communication.


As in any business, maintaining a sense of transparency is an essential factor in creating stronger bonds. Likewise, companies need to keep a clear record of their accounts, planning documents, inventory, and more to be aware of their existing scenario and plan per their resources.

Account management is an essential aspect for a business as they need to keep a record of their orders, inventory, and expenses for proper business planning. Therefore, sending invoices on time is a prerequisite for timely account management. The detailed account information also helps them to plan their strategy and ensure better development.
Enterprise billing software is the best solution to manage all the complex tasks with ease. It takes care of all your accounts and outstanding payments and helps you manage your inventory efficiently. This way, you can see a significant increase in the efficiency and productivity of your business processes.

Short and sweet

- Manage invoices, purchase orders, and expenses with ease.
- Send all documents promptly.
- Send and receive purchase orders and estimates and convert them into invoices.
- Manage buyers and suppliers in a single dashboard.

Improve productivity with custom workflow management.
Every company has its own established hierarchy that facilitates its workflow. This brings their employees together and improves their communication to make processes smoother and more fruitful.

With custom invoicing software like Invoicera, you can create customized workflows for your business. Give your employees authority and approvals to develop an in-house invoice approval workflow on a single platform.

Please keep track of your employees' productivity and set tasks for them. Manage all your people, projects, and data from a single platform for better management in a three-tier secure environment

Short and sweet

- Derive a customized workflow for your organization.


- Set up an internal invoice approval process to send correct invoices in one go.


- Keep track of all your people, projects, and data through a single platform in a secure environment

CONCLUSION


Businesses need customized accounting software that can keep up with the pace of business. The profitability of any account depends on the cash flow. The critical factor for revenue growth in industries includes new technological advancements with innovative solutions to gain a global competitive advantage.
Invoicera is one of the best enterprise billing software available in the market. With an experience of over 16 years and a constantly growing user base of 3 million users worldwide. Invoicera is widely acclaimed for its functionality and customer service.

Easily manage your business processes with the best custom billing software. Invoicera automates your work and helps you reduce time and costs for better productivity. Having completed hundreds of projects and maintained a high customer satisfaction level, Invoicera is the ideal partner for your next billing.

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