As a businessman, you must be aware of the bitter fact that making bills and sending them to your clients/customers is not less than a headache.
From your accountants to all employees working on a particular project bear the responsibility of making bills and sending them. Furthermore, late invoice preparation means receiving late payments from your clients.
In simple words, late invoicing causes late payments, and late payments are detrimental to your cash flow.
So, how to cope with this invoicing issue?
The best way to tackle this billing issue is to move towards mobile invoicing for faster bill generation and your business growth.
What is mobile invoicing and how can it benefit your business?
Mobile invoicing for business is the method of sending bills to your clients on their mobile phones in an email, which is not only convenient for your business, but also for your customers. It is because as per Statista, 38% of online shoppers think that mobile payments are more efficient in comparison to other payment methods.
Apart from that, there are also countless mobile business invoicing benefits for your business, let’s know them one by one with some reliable stats.
16 Unbelievable Benefits of Mobile Invoicing for Your Business
1. Payments Made and Received Fast
As mentioned above, invoicing delays give birth to late payments, resulting in a poor cash flow. However, an efficient mobile invoicing app can turn this negativity into positivity.
It can quickly send a mobile invoice to your customers, and they can receive that at lightning speed. By means of advanced invoicing apps, businesses can automatically send invoices to their customers when they take services or products from them.
Moreover, you must remember that mobile invoicing makes customers pay you 2 to 3 times faster, according to the research.
In a nutshell, payments made and received faster when banking on mobile billing apps.
2. Saving Money
Paper invoicing devours a great deal of time and a large amount of money (stationery, paper, postage etc).
On the other hand, mobile invoicing and payments not only saves your money spent on stationery, paper, postage, and the like, but it also saves your time, as you can use your fingertips to send the mobile bill to your customers promptly.
Furthermore, it also saves you from duplicate invoices, in which you pay for an invoice more than once. Sometimes, it is done by your vendors intentionally and sometimes by mistake.
According to some study via Concur, preventing duplicate invoices can help you save around $12,000 per month.
If you see any bill on your mobile screen, your system will clearly show you whether it is paid or not, which, in turn, will save you from paying more than once.
3. Billing Process Becomes Standardized
Using modern invoice app for Android or any other platform, you can get your entire billing process standardized, making it more professional-looking.
Most mobile invoicing apps can integrate with a cloud-based system, and you will be able to sync your data across multiple devices for a uniform look without being affected by any place from where you access it.
4. Convenient for Customers to Pay You
As per Statista, 29% of US customers love to pay using their smartphones. It is because they don’t have to come to you carrying cash, cheque, or credit card for payment. They can pay from anywhere by using invoicing apps for Android or iOS whichever they have.
Furthermore, you must take it into account that many famous mobile bill apps like Invoicera, which is a famous Android mobile invoice app comes with 30 payment gateways, which means your customers will have more options to pay and choose one as per their convenience.
You mustn’t forget that the easier is for your customers to pay you, the faster you will be paid.
5. No Extra Charge for Such Comfort
Your customers don’t have to any extra charge for such comfort, as mobile invoice app doesn’t charge. Therefore, paying by means of mobiles has become a trend.
On the contrary, when your customers pay you in cash, they have to come to you sometimes, spending some money, which costs them more.
But, paying by means of mobile invoice apps doesn’t cost them, as they just have to move their fingertips.
6. Alleviates your Accountants’ Burden
Paper billing gets on the nerves of accountants due to going to every employee individually asking for expense details spent on the project they worked on, note such details, prepare rough invoices, check them, correct them, get them approved and send them.
Don’t you think that all this process is not only time consuming, but also patience-consuming? But, mobile invoicing system also provide the solution to this problem. how?
Such apps connect all such employees on a single system platform to know the project expense details, which saves a great deal of time and leaves your accountant more tension-free.
They don’t have to waste time in deciphering confusing writing given by your employees. And, they don’t have to go through every billing paper to know details like which payments are paid, pending or overdue.
Such information can easily be accessed at a single location, the billing app.
7. Automation
Modern billing software for mobile allows you to get your payment reminder automatically set. Having so, you can remind your customers to pay you before the due date by automatically sending them a payment reminder message/mail.
The system automatically generates bills on the basis of transaction records (date, time, the number of products, last payment records, adding late payment charges, deducting price coming from discounts or special offers) fed in it with only a little manual effort.
So, you can be assured about timely payments, which in turn, will allow you to take business risks as per your financial condition for your business prosperity.
8. Easily search a particular invoice and its details
In paper invoicing, you have to quickly find a particular file out of a pile of files, and then you pick the one you want and look for the details by checking each page of the file. Such haste also leads to errors.
However, when you use a mobile bill app, then you just have to enter the customer’s name, which is enough to put all their transaction records before you on the screen.
Having so, your saved time can be invested in something feasible for your business growth.
9. Nature-friendly
According to a study, experts have found that digital invoicing is four times more nature-friendly than paper invoicing. You are removing a huge amount of carbon footprint by using this. It is because you are not using papers and emission-causing vehicles for invoice delivery and receiving payments.
And, taking a stand for the welfare and safety of the environment will put you into the limelight and set you apart from your competitors, as your business does all to save nature, which will also attract nature-loving clients to your business.
10. No need to be always in office
If your business requires travel and meeting away from your office at clients’ workplace, then you can do so by managing your invoicing using your fingers, which means your invoicing process will never stop no matter where you are.
Apart from that, modern technology-powered mobile invoice printers can make it easier for you to print out a hard copy of the bill for the customers asking for this.
11. Get signatures and issues receipts at lightning speed
Using a stylus or finger coming with mobile invoicing software, you can sign or take the signature of your customers when receiving payments from them or when they receive your product or service respectively and issue the receipts in a short while.
Furthermore, you can do so to approve an estimate or authorize a payment. You can send the digital receipt through email to your customers.
Due to this, no matter how far you are from your customers you can do such business-related tasks with them.
12. Create and send professional-looking bills
The best thing about digital invoices is that they can have enthralling images or computerized-items. Such bills not only look more professional, but they also bring a smile on the customer’s face.
It means they will pay you smilingly and take your invoices more seriously due to the bill impact with your company logo or gif animation.
13. A central point for storage
Billing systems of the past used to consume a considerable amount of your local memory. But, now the story is completely different, as you can have your mobile invoices, estimates, and any related or necessary invoicing documents automatically stored in the cloud with more safety.
Having all safely secured in the cloud means that you don’t need to be preoccupied with losing such important information. All you have to do is to use your authorized devices to access such information.
14. More transparency means more trust
A mobile invoicing application not only allows you to know your customer payment details, but it also allows your customers to see all their payment and purchasing details by with their fingertips.
And, the more transparency and awareness of every detail between both of you are, the more you both feel comfortable in trading together.
This increased trust coming from transparency will take your business relations with your clients/customers to your intended level.
15. An air of activeness and creativity in your workplace
Everything, from making bills to receiving payments will go fast, which will bring an air of activeness to your workplace and remove laziness from it.
Apart from that, mobile invoicing will also allow your designers to show their creativity by means of creating designed bills.
In a nutshell, creativity and activeness will become an integral part of your workplace.
16. Be modern and reach out to more customers
When you provide your customers the convenience to pay you with the best mobile invoicing app, then they will consider you modern and caring for them.
Apart from that, 90% of businesses find the mobile billing app the best way to reach out to more customers, as your business will not be affected by where your customers are. They can pay you from anywhere which means customers will choose only your business because of finding you modern.
Let’s Sum Up
This blog acquainted you with the business benefits of mobile billing by giving you 16 unbelievable benefits of mobile invoicing for your business.
No matter what your business is a mobile billing app makes easier for your business to reach out to more customers, allow your customers to pay you conveniently, has a modern and creative atmosphere in your workplace, and so on.
Some reliable stats are mentioned in the write up to ease your understanding and one reliable online invoicing solution for Android is Invoicera allowing your customers to pay you by choosing any payment gateway as per their comfort.
Top comments (1)
Hey, Thanks for such an Informative explanation!
Mobile invoicing is the backbone of any industry to manage their cash flow effortlessly. It saves lots of time by managing expense, AR & AP management in less time & also helps to compete with our competitor.