As an SME size business manager you have probably fantasized about having your clients signup for your services and products in a hassle-free seamless web-based ordering process. Part of this streamlined sign up process is the collection of recurring payments via automatic no fuss debit batch. Sadly the debit collection dream bubble tends to disappear for most SME managers when they realize the costs involved with developing a system like that mentioned above.
The pleasant fantasy also begins to turn into a problem when the business owner realizes that collections for all these accounts as well as payment reconciliation will have to be completed manually. Can you say 100's of man hours? This is the motivation why most SMEs think this kind of billing is not cost effective and won't suit the requirements of their special style of business.
I'm here to tell you that now is the time to think again! Out in the realms of the internet there are a handful of good web developers who have heard the need of the SME owner and come to their rescue with out-the-box billing and web-based invoicing software that not only automates your invoicing, but submits and collects debit order payments. This is a very new industry, so most services are still untested, but there are a few tried and tested industry leaders that are completely worth using.
Thetype of individual that wants to use a system like this is ahead of their time, tech smart, but not a geek and ready to make a positive change in themanner in which they make money. Businesses that offer month subscriptions to a service or offer customers the means to pay off a big purchase on a recurring basis will love this kind of full service system; allowing them to make invoices, collect payments and reconcile payments all with the tiniest amount of workers possible.
Direct debit systems are the most effective ways of collecting payments from customers. With debit orders it is possible to effect payment from your customer on your terms. You may even track their account for a specific amount of days to watch for incoming funds. In combination with a good billing system, direct debit can be an incredible payment collection method in ensuring the best possible cash flow for your business.
So let's leave those co-ordination issues in the past. Get on the Internet and locate a reputable web-based invoicing and payment collection and automation service now. It's as simple as doing a search for "online invoicing".
The pleasant fantasy also begins to turn into a problem when the business owner realizes that collections for all these accounts as well as payment reconciliation will have to be completed manually. Can you say 100's of man hours? This is the motivation why most SMEs think this kind of billing is not cost effective and won't suit the requirements of their special style of business.
I'm here to tell you that now is the time to think again! Out in the realms of the internet there are a handful of good web developers who have heard the need of the SME owner and come to their rescue with out-the-box billing and web-based invoicing software that not only automates your invoicing, but submits and collects debit order payments. This is a very new industry, so most services are still untested, but there are a few tried and tested industry leaders that are completely worth using.
Thetype of individual that wants to use a system like this is ahead of their time, tech smart, but not a geek and ready to make a positive change in themanner in which they make money. Businesses that offer month subscriptions to a service or offer customers the means to pay off a big purchase on a recurring basis will love this kind of full service system; allowing them to make invoices, collect payments and reconcile payments all with the tiniest amount of workers possible.
Direct debit systems are the most effective ways of collecting payments from customers. With debit orders it is possible to effect payment from your customer on your terms. You may even track their account for a specific amount of days to watch for incoming funds. In combination with a good billing system, direct debit can be an incredible payment collection method in ensuring the best possible cash flow for your business.
So let's leave those co-ordination issues in the past. Get on the Internet and locate a reputable web-based invoicing and payment collection and automation service now. It's as simple as doing a search for "online invoicing".
About the Author:
Looking to find the best recurring invoicing software, then visit www.snapbill.com to find the best advice on recurring billing for your business.
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