When running a business, you might find yourself lacking time to do anything else. No, scratch that. When running a business, you might find yourself lacking time to… well, run a business. You know how things can get hectic and there’s always one urgent thing after another to get resolved. At the end of the day, instead of relaxing a bit, you are thinking about all the things that you didn’t get to do and that will wait for you tomorrow.
There is one thing I believe we can all agree on. When all the systems in your company are running smoothly and efficiently, things can get a little bit easier. There are so many ways in which you can actually make your and your employees’ days easier and all those things are connected to the proper and efficient functioning of specific sectors.
Do you know how you can enhance this efficiency? The answer is rather simple. By using Catalytic or similar automation services, you can automate your accounts receivables, which will significantly increase the efficiency of both your employees and the systems inside your whole business. This appears to be a rather popular option among many entrepreneurs, so you might want to check it out.
In case you aren’t sure how this whole idea would actually work and if your company would benefit from it, you should get more closely acquainted with the automation clouds. I’m sure that you will get in love with this concept in no time. If not, then you will know that you aren’t missing out on much when your peers start talking about it. Just to be safe, let me tell you what you would be missing out on. In other words, let me tell you why I believe that your business needs accounts receivable automation.
Invoicing Made Easier
The traditional methods of invoicing are not only tedious and time-consuming, but they also leave much room for mistakes. You create everything in Microsoft Word or a similar program and then send the document to your customer, wait for them to approve it and send the payment your way. Be honest. How many times did you notice a mistake upon reviewing the invoice that you made this way? How many times do you think a mistake might have gone unnoticed?
As I have already said, working this way is tedious and leaves much room for mistakes. Automating the process, however, makes everything much easier. All the invoices will be sent to the right place at the right time and mistakes will become a thing of the past. This has a significant impact on your accounts receivables, because you are more likely to get paid faster when you don’t take too much time to create the invoice manually. Click this to find out more about how you can improve invoicing so you actually get paid.
Reminders Get You Money
How many of you have had customers that simply forget to pay the invoice, even though they might have had the best intentions? How many of you have had customers that don’t bother paying at all until you remind them a few times? And how many of you are sick of having to type out all those reminders so often? Isn’t it all so annoying and don’t you have other important things to do?
When you decide to automate your accounts receivable, you will never, ever again have to deal with those annoying reminders. Does that mean that your late-paying customers won’t be reminded about their debt at all? Of course not! That would just be bad business. This simply means that the software will send out all the reminders automatically and you will watch the payments come through without having to spend your precious time on typing the reminders out.
Less Paperwork Means Less Stress And More Time
Raise your hand if you like doing paperwork. Now raise your hand if you like getting lost in a pile of papers after business hours because you aren’t sure which client you have contacted and which is supposed to contact you, or you have a similar administrative issue. I know that your hand is definitely not up in the air, because nobody in their right mind would love getting stressed like this.
Financial paperwork seems to cause the biggest amount of stress, as reported here: https://www.thisismoney.co.uk/money/smallbusiness/article-4393984/stress-financial-paperwork-making-business-people-ill.html
By automating accounts receivable, all the stress will quickly get washed away because dealing with papers will get much easier. It will get easier simply because there will be less papers to deal with once you start using a computer for that instead. Everything will be much more organized and you will have a lot more time on your hands, which you will be able to use for other significant things.