When thinking about rolling-out new AR invoicing software, many of the reasons are based on internal benefits. There can also be an improvement with customer satisfaction with better AR invoicing software. Increasing customer retention by 5% can increase profitability by 25% to 95%. Picking the right AR invoicing software could have a big impact on your customer satisfaction. Here are a few of the benefits that better invoicing software can bring:
Invoice software can help brands get paid faster. Signing up a new client and getting the initial order is an exciting time for a brand. The challenge often starts soon after as you try and get your retail partner to pay on-time. I know this is not always the case, but it can be a significant issue for growing brands. Often the larger the retailer the longer it takes to get paid. Doing a better job on invoicing keeps your days sales outstanding lower and helps with your cash flow. Here are some things to look for in invoice software to help get paid faster.
Continue reading Invoice Software Helps Brands Get Paid Faster