80% of small business owners spend 22 hours per month on their phones for business activities. For any organization, maintaining a positive income is extremely important. for little businesses, managing finances, generating bills, and tracking invoices are often extremely difficult. this is often why more companies are switching to mobile invoicing platforms and gaining a foothold over competitors.
As per a survey in 2015, half a trillion invoices were generated everywhere the planet . But, only 10% of them were generated electronically. Take your business to higher levels of success by switching to online invoicing software that gives mobile functionality.
Here may be a rundown of advantages provided by mobile invoicing for your small business.
1. Faster Payment Collection
Mobile invoicing is a superb thanks to expedite payments. this may not only assist you improve business margins significantly but also will boost your income .
Moreover, you not got to spend hours ahead of your computer typing out invoices then emailing them to your customers. Online invoicing and payment software allows you to automate the entire process of sending out invoices.
2. Invoicing On The Go
What if you’ll carry your office in your hands? it might be great. Right?
Well, most free accounting software for business offer you the pliability to try to to that. The mobile functionality of those apps allow you to generate invoices with just a couple of clicks and eliminate delays in payments. For this you would like to select a platform that gives mobile invoicing and stay top of customer payments and demands.
3. Reduce Costs
Online invoicing software can reduce your operating costs to an excellent extent. this is often because you not got to spend resources on data entry, taking approvals, and invoice routing. Moreover, mobile invoicing reduces the risks of duplicate, over, and fraud payments.
Did you recognize that eliminating duplicates can save your business a whopping $12,000 per month?
Furthermore, you save on staffing costs as you not need a resource to fill out, send and manage all of your business’s accounting paperwork. All this and far more is feasible with free accounting software for business.
4. Better Serve Customers
Having satisfied customers is that the key to growing your business. By switching to online invoicing software with a mobile interface, you get the pliability to travel beyond traditional payment methods. These include debit and credit cards, digital wallets, and even cryptocurrency.
Going mobile also boosts customer confidence and makes your business look legitimate. However, before you choose out software, it’s vital to make sure that it’s PCI (Payment Card Industry) compliant.
Another reason to choose online invoicing software is that you simply needn’t make additional fees to form payments.
Data storage is another issue faced by small businesses. However, mobile invoicing allows you to store all relevant materials instantly on the cloud. So, how can this benefit your business?
Well, it significantly reduces the office space required for storing files. Moreover, it eliminates the danger of misplacing loose papers.
Another advantage is that a centralized cloud database offers you real-time analytics and comprehensive reports. Furthermore, it can make collaboration with business owners and their advisors super easy. Lastly, worrying about data backups are going to be a thing of the past with free accounting software for business.
6. Organize Billing Process
Mobile invoicing allows you to develop a smooth and straightforward thanks to collect your bills. These applications allow you to integrate with other platforms and achieve operational efficiency. as an example , if you employ separate applications for accounts receivables and payables, you’ll got to switch between both platforms continuously. Integrating them will streamline the entire process.
7. Build A Brand Identity
What if you’ll make customized invoices and add logos on them?
Well, it might not only boost your brand identity but also will help make the payment experience memorable for your clients.
You can even prefer to color-code your invoices as per your client preferences. this may leave a positive impact on your clients, and that they will feel that your organization cares for them.
Well, as we are moving faster towards a totally digital economy, transactions will go paperless. there’ll be a steep rise within the users of online invoicing software. Small businesses will anticipate to simplifying their bill settlements and choose mobile invoicing solutions.
However, to completely adjust with digitization, you would like to stay up with the newest trends and understand how free accounting software for business can benefit your organization within the short and future .
But, it’s not always possible to stay up with such a lot information. discard your worries, as we are here to assist you stay updated and gain a solid competitive edge!