No matter the kind of business you own, the competition is soaring high. So much so that every business owner is trying new ways to stand out and attract new customers. While attracting customers is one thing, retaining them is another and is very crucial for any business.
That said, prioritising customers’ convenience is one of the most simple yet effective ways to do so. If your customers are satisfied, they will not only return to your site but also bring two new customers along (because word of mouth has a strong impact).
Using an online billing software is one of the ways today businesses are driving towards success. It helps track down all important finance-related information alongside generating invoices efficiently.
If your business still relies on the old paper-based billing method that involves too much manual effort, we will definitely be able to change your mind towards the end of this article. As it is, the advantages of airtime billing software are innumerable and we have shed light on the most important ones below. Read on to find out.
Simple and user-friendly
Gone are the days when you had to spend so much time and effort into searching for a billing template, entering individual customers’ details into it, and sending it across to them for the services you provided. (Wasn’t it a long, time-consuming process?)
Today, you don’t have to do any such thing. All the desired information (name of the client, their address, terms and preferred mode of payment, etc.) is already stored in the cloud.
You just need to log in to your account and select the client you wish to send an invoice to, and schedule the date for the same. The customer shall receive it on the date entered.
Now, isn’t the online billing software simple and user-friendly? Let’s not forget to mention its efficiency too!
No risk of losing important data
As all the information related to your clients is stored online in the cloud, one does not have to worry about losing out on important stuff. Everything is saved automatically and thus, stored safely.
So, if you want to obtain information about any older client, all you need to do is just log in to your account and you can have access to it.
Everything is automated
With online billing software or we can say, the trending cloud technology, you don’t have to worry about anything. Everything is automated; All thanks to the subscription based business model.
That said, you can buy the most appropriate subscription for your business and everything shall be sorted. With it, you can set up recurring payments for long-term clients, send them follow-up notifications for latest invoices, set up payment reminders, and others such.
When all of these tasks are covered automatically, you are left with so much time to spend on other important tasks. This also means increased productivity and assured mental peace.
Ease of accessibility
One of the greatest advantages of using cloud based billing is the ease of accessibility. You can manage your business related information and client related information anytime, anywhere (at home or while travelling), via any device (be it desktop, smartphone, ipad, or laptop) provided you have a strong internet connection.
Deal with foreign currencies easily
Expand your reach globally with online billing software as it helps connect with foreign clients easily. No matter if your customer is based out of the US, UK, or Japan, online billing software makes notifying and accepting payments easier than ever. Therefore, all payment barriers are eliminated and you don’t have to face any sort of inconvenience.
Cost-efficient
With cloud-based billing, you are obviously saved the recurring costs associated with postage, ink, and paper.
According to BluePay,
“When you factor in the time (i.e. employee hours) required to create, send, and process each company invoice, it’s easy to understand why businesses spend an average of $4 to $20 per paper transaction.
Just to put that in perspective, a company with 10 employees could realize savings of up to $2,400 a year by ditching traditional payroll checks in favor of direct deposit.”
Eliminates the scope of errors
Earlier, everything was done manually, right from entering data, keeping records, creating invoices, sending them to clients, and others such. So, human errors in these tasks were natural.
That said, it would not only negatively impact the relationship with your client but also delay the entire billing process. And, let’s not forget about the money and efforts involved in making corrections.
However, online billing eliminates the scope of any such errors and mistakes.
Final Word
These are some of the most important benefits associated with online billing software that make it an ideal choice for the businesses of today. Plus, they are environment-friendly (think of zero carbon footprint it leaves as compared to the traditional billing technique) and add to your professional feel.
Now that you have enough reasons to invest in this convergent billing solution, start your research for the best software today. Happy purchasing!
