Benefits:
Accuracy
Are you aware of whether the data that you are using is updated with current data or not? In many businesses that use the traditional way of working or rely on reports and spreadsheets that are updated manually, it becomes difficult to get real-time data. The modern billing software gets directly linked to the ERP Software and hence stays updated in real-time.
As a result, one is never worried about contacting the customers for the invoices, or working with old information, or arranging the information that can consume a lot of time. This time can be saved and spend on other major activities of the business unit.
Easy to use dashboard
If the business unit and its employees use manual processing such as spreadsheets, to store data as well as gather and analyze the data. Using the traditional method seems time-consuming and also not much reliable. Contrary to this, the billing and invoicing software helps the employees by providing the accounts receivable dashboard providing instant access to the data.
Quick and real-time access can help to monitor and measure the data and accounts of the business. The dashboard provides quick solutions and bring the performance indicators such as average time in receiving payment after each invoice, overdue receivables, accounts receivable turnover ratio, average receivables, day payments, current A/R invoices, cash summary, top accounts, the sales outstanding, and month DSO trend, collective activities and much more at your fingertips.
Regards,
Peter
