Simplify your Business Management with a Customized Software Solution
Long working hours, complex business process, tedious invoicing process, complicated data management and wastage of resources! Sounds too familiar to you? Well if you answer in affirmative to any of the above mentioned challenge, then you are probably suffering from the absence of customized software from your business model!
Most of the major industry drivers today are shifting towards a simplified solution to handle their complex tasks. Amazing enough or not, as per some recent studies a custom software solution has proved to be beneficial in reducing costs and time usage and maximizing your productivity and ROI. After all, in this competitive business scenario who wouldn’t want a custom software application to ease off their business.
Something similar happened with a leading travel agency company that served international clients and has headquarters in London & Marbella. Being a major player serving a huge global clientele it was imperative for them to renovate their business model in order to serve as per the expectations and requirements of their business. On similar lines, is another textile industry giant based in India with over 50 years of experience, willing to innovate their invoicing process for better business management.
Here some of the cumulative challenges and how it was solved with the help of a custom software application. If you are facing any similar challenges in your business, then its advisable for you to read this blog until the end. We have just the best custom software solution for you!
- Expense Management is “Expensive”
Expenses are one of the most crucial parts of any business type. It is the very basis of financial forecasting which is responsible for the induction of business reforms and innovation of modus operandi. One step wrong, your whole expense management could topple into a messy state of affairs leaving you in a fix about how to handle it.
Take this for an example, On average, projects go over budget by 27 percent of their intended cost. Going over budget than the intended budget is quite common than you think. It soon leads the firm into a predicament where they have to extract maximum utility from their resources, resulting in exploitation. Both the industry giants mentioned above were going overboard with their expenses as there wasn’t any expert solution to help them.
Expense management isn’t an easy task hence industry experts suggest switching over to an expense management software like Invoicera which can really make it a smooth sail. A custom software solution will help you to segregate your expenses into different categories for easy record keeping. It provides you with a custom report which will help you to strategize better for your upcoming ventures. Moreover, you can easily set some clients as recurring clients to maintain a continuous cash flow for on-time payments. In this way, you’ll be having a deeper insight into your expenses and will be able to forecast your finances correctly leading to in-budget projects with higher ROI and utility leading to enhanced productivity.
2. Simplified Accounts Management
Simply put, effective management of your accounts is putting your business on a huge risk! Take this for instance, Businesses in the Americas lose 51.9% of the value of their B2B receivables that are not paid within 90 days of the due date. Business communications with your vendors and clients have to be automated in order to balance your accounts for timely payments.
The traditional invoicing process was considered prone to manual errors like wrong data entry, double data entry, inventory management, purchase order management and much more. A firm simply can’t afford such mistakes especially in this time of competition. Timely account settlement has become imperative for all businesses as the whole business structure rests upon the basic blood of their business: Cash.
Custom invoicing software will allow you to simplify your accounts leading to improved cash flow. You can manage your credit invoices just like our textile industry firm did. Sending timely invoices to your recurrent clients and managing their payments leads to better account management. Through the detailed reports, one can easily maintain their inventory requirements and manage their vendors and clients in a much easier way. Simply streamline your accounts with the help of efficient development software.
3. Separate Portals for Clients and Vendors
Client and vendor management is a key aspect of outstanding business management. Client satisfaction is gaining prime importance as professional communications are becoming an instrument to maintain a healthy lead generation and the conversion ratio from the prospective clients. Seamless integration bringing your business and its customers on a single platform is the need of the hour.
Often times, one has to cater to international clients wherein they have to adapt to their framework in order to create a healthy relationship. Adding domicile taxes to your invoices is one such issue as the invoice has to be customized as per the legacy systems. Moreover, categorizing your clients with relevant attributes along with timely payment receiving is yet another area of concern which can be solved with the help of a custom software application.
A billing system for small business like Invoicera bridges the gap between you and vendors and clients. It presents them with a single window solution for all their queries which can be served in the lesser time leading to enhanced relations. The self serving portal will allow you to customize your invoices, add relevant taxes, procure payments, manage your client accounts and much more in an easier manner for effective management.
4. Seamless Integrations
The only thing which should be constant in your business is “change”. Even top players of industries often fall prey to the redundant policy of sticking to roots. The business climate is changing rapidly nowadays. In order to thrive in such competitive times and maintain relevancy for the future, every business must adopt the policy of Reinvent- Recreate- Renovate.
Digitization of business has lead to a plethora of avenues to expand your business territories. Be it a B2B, B2C or SaaS firm, a customized software will adapt to your existing legacy systems while providing you excellent features to minimize efforts. The integration enables cost saving along with simplified management of global clientele making your daily processes accurate and faster.
Custom software solution like Invoicera provides you multiple integrations options such as Magento, OpenCart, ZenCart or custom eCommerce shopping cart software of choice. Reduce your cost and time through easy integration with your existing ERP & CRM framework for effective custom workflow management.
5. Simplifying Operations Workflow with Automation
In order to facilitate timely accounts payable and receivable along with sending of invoices, one should resort to automation as manual processing is bound to be slow and erroneous. Every business has its own established hierarchy through which they operate. But what would happen if this workflow is ineffective and delaying the process? The answer is simple, Chaos!
For effective management of your business, it is important to bring your authoritative members on a common platform in order to establish one to one communication. Through the automation of your workflow, you can make your business process much faster as compared to manual processing.
Online invoice payment system created a custom workflow bringing all your staff members on a common platform. It created a fluidic hierarchy for your invoices wherein a single invoice can be approved by the relevant staff members and accountant to be able to send it one go. This way, you can save your time as well as cost through custom invoicing.
Read About: How To Manage Your Enterprise Billing:Expert tips
Wrapping up
With the changing tides, it is important to constantly innovate your business model. Automation, digitization, customization are just the tip of the iceberg when it comes to innovation. In order to thrive in this competitive scenario, one has to look for better and more advanced solutions.
Managing your business and its resources is essential without a doubt. Every business has to provide quick and effective solutions to its clients for winning new projects and stay in the business. Customized software will simplify your business and improve your cashflow making your business thrive even in tough times.
Invoicera is one of the most reliable Custom billing software providing a customized solution to its clients. Right from expense management, account management, staff & project management to client management, payment automation, custom workflow, easy integrations, and much more, Invoicera is trusted by over 3 million users worldwide to manage their businesses effortlessly. Switch to custom invoicing with Invoicera today and grow your business!
