Our singular goal at Invoiced is to help our customers get paid faster and with less effort. We’ve found that one of the best ways to do that is to offer a variety of options that make it easy to pay an invoice. Sometimes that means opening up multiple payment options that meet the needs of as many customers as possible. But there’s another key driver before the payments part: the invoice.
We’ve talked a lot about how A/R automation can help businesses save time, reduce errors, scale effectively, and get paid faster. However, there’s another key area where A/R automation workflows pay off: monitoring risk as it relates to customer credit.
Accounts receivable (A/R) is arguably one of the most important functions of a business. If customers are paying for any percentage of their purchase on credit, this critical department (or individual) is, in many cases, solely responsible for collecting payments. Without those payments, the company may not survive. And yet, even though A/R plays such a critical part of a surviving (and thriving).
Managing the billing operation for any business means you’ve encountered your fair share of definitions. It’s helpful to know as many as possible, but there are a few key terms that you’ve got to understand in order to function. Invoice We really can’t overstate this point: a huge part of doing business (and keeping afloat) is getting paid. No matter what you are selling, you must have a clear.
If your business is struggling to manage a lot of back-end processes, it might seem like automation is the answer you need. Just automate all those manual processes to speed things up, and you’re done. Right? Not so fast. Automating a faulty process by taking out manual human intervention can be a recipe for disaster. Consider an automobile plant with a standard assembly line. Sending parts.
As of September 9, 2018, Bitcoin was worth roughly $6,240 USD - and that’s not even it’s highest historical value. In December of 2017, Bitcoin was trading at a value of $19,783 (!). Clearly, Bitcoin and other cryptocurrencies are taking off in the investment arena. With such a high value, it’s somewhat surprising that we haven’t seen higher adoption in the payments industry. Here at Invoiced, we.
Imagine the ability to send and receive funds in a matter of seconds. What would that kind of speed do for your business? Automatic reconciliation, closing the books every day, and providing reassurance to a vendor through an instant payment (or vice versa) all come to mind. Instant payments and their accompanying benefits may seem far off, but they have already become a reality. A new payments.
What does the invoicing workflow look like at your company? If you’re like many businesses, you probably have a finance team that sends out invoices to customers. You may even have enough revenue to manage accounts payable and accounts receivable separately. The story probably goes something like this: your sales team is always working their pipeline. When they close a new deal, they hand off the.
We know, we know: you’re probably tired of thinking about fraud - but it isn’t going anywhere. After a dip in payment-related fraud from 2009 to 2013, it’s been steadily on the rise. JP Morgan’s 2017 Payments Fraud and Control Survey reported the following alarming statistics: Three-quarters of respondents reported check fraud in 2016. Nearly three-quarters were subject to business email.