If you’re like most companies in the B2B space, you’ve had to address late payments with customers. While there are many reasons for invoices to go unpaid, addressing the situation can feel stressful. Conversations about past due payments don’t need to be awkward. Accounting automation streamlines your collections process with electronic invoicing software for the B2B market.
With how much there is going on these days, it’s easy to forget a few things. Invoices are no exception. Help is available in the form of invoice process automation. Everything becomes easier when you have an easy-to-use digital platform that makes creating, sending, following up on, and reconciling invoices a cinch.
Whether your customers want to pay by credit card or ACH withdraw, a robust payment processing portal with embedded payment processing can help your customers securely conduct business without the need to rely on a payment processor. This centralized approach reduces friction in the transaction process and improves the likelihood of a successful collection process.
Manually following up on invoices is a thing of the past. An AR automation solution can help you follow up as often or little as you’d like. You can also brand communications with your company’s logo and adjust messaging templates to carry your voice and tone.
Having everything in one place means that you can see all communication to a client regarding invoices in one central location—every email, every response, every notation. This allows anyone working with the client to easily see where things are and provide a top-notch customer service experience.
The Bill360 user interface is simple and straightforward. Gain easy-to-understand, dashboard-visibility to your cash flow—what’s coming, what’s overdue, and what’s in the pipeline. The clean interface helps you (and your B2B customers) understand the work that’s been done along with where payments stand.
By integrating with common accounting packages, Bill360 immediately reconciles payments and updates ledgers, saving time and effort. This approach also helps reduce the incidence of manual errors. By automatically carrying the same numbers through from invoice to reconciliation, you can have a higher level of confidence that it’s correct.
Using a strong AR automation solution can help your business maintain strong cash flow. By giving not only your accounting team, but also your customers an easier way to interact with billing and invoicing information, you set your business up for stronger financial performance.
Now that you know a few of the many benefits an AR automation solution can deliver to your business, why not give it a try? Discover how beneficial Bill360 can be to your B2B company. Sign up for a free, 30-day trial to see if it’s a match for your business. To register for your free trial, click here.