Change is the one thing that remains constant in the world of business—and this idea certainly applies to the area of cloud-based online invoicing methods. While this is an emerging process that is currently underutilized, there is no denying that attitudes toward invoicing and billing applications are certainly changing.
Currently, there are over 170 billion invoices generated within the business world on a yearly basis. Of this number only 26 billion were actually sent to clients via electronic means in 2014. Obviously, the possibility of a large transition occurring in this space appears sluggish at best. However, the BizXpert team believes that if more business owners were aware of the great number of benefits they could be receiving if they switched to cloud-based invoicing software, the number of users would soon increase.
The Benefits of Online Invoicing
There are a variety of reasons online invoicing is good for business and the first one is based on the fact that when an online invoice software is employed, it puts the customers first.
- Online invoicing, on a platform like BizXpert, provides a customer-friendly billing process that allows for increased satisfaction. Consumers note that they appreciate a customer-focused experience that is formulated around personalization and convenience. Online invoicing combines all of these components and makes the payment process easy and efficient for a customer.
Additionally, online invoicing allows payments to be processed quicker, allowing a business to improve their overall cash flow. An app like BizXpert, for instance, can also generate significant savings over traditional paper-based invoicing systems.
- Automated invoicing processes allow a business to reap a 60 to 80 percent savings compared to traditional paper-based or desktop-software based systems. Savings come from a reduction in postage and paper expenses as well as software updates and other charges associated with licensing fees, etc. Moreover, online invoicing systems improve cash flow considerably because users become less delinquent on their bills when their invoice is presented via electronic methods.
Finally, it is important for today’s consumers to work and partner with tech-savvy businesses. Consumers are demanding secure and prompt payment solutions offered in a real-time format. Gone are the days of lengthy and tedious invoice management. Consumers want payment solutions right now, on-demand, via their smartphone or tablet. They want to get immediate action from a business—and this is where online invoicing works so well. As a business owner, you will be able to immediately connect with your customer, receive payment, and build a sense of loyalty—all through providing an efficient solution that meets customer needs.
The BizXpert Invoicing application is helping business owners and consumers alike. Make sure to check out https://bizxpert.com/ today!