Cash is the most important aspect of every business. A healthy cash flow ensures that the business can pay salaries on time and have funds for growth and expansion of the business. Resources are also available for paying vendor bills and taxes on time. A regular analysis of business finances ensures that one can project the future cash flow with accuracy and take necessary action. Following up for client payments and managing the accounts receivables effectively, ensures timely flow of cash, as required by the business.
Using an online invoicing solution like Invoicera is the key to managing business finances more effectively. The solution provides features like late fee and automatic payment reminders for getting timely payments from clients. With Invoicera, one gets to receive online payments from multiple payment gateways helping clients to pay faster and reduce the quote-to-cash cycle.
Also, know more about automating the accounts receivable management process.