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The competition in the Digital marketing domain is increasing day by day, and this leads to the dependence on modern technology like a digital agency billing software system to survive in this competitive digital marketing era.

 

Here is a little fact check you must consider along while going forward. Smallbiztrend says

  • “The probability of selling to an existing customer is 60-70 per cent. The probability of selling to a new prospect is 5-20 per cent.”
  • “80 percent of your future profits will come from just 20 percent of your existing customers.”
  • “65 percent of a company’s business comes from existing customers.”
  • “32 percent of executives say retaining existing customers is a priority.”
  • “A typical American business will lose 15 percent of its customers each year.”
  • “27 percent of small business owners estimate that 11-20 percent of first-time customers don’t return to their business.”

 

Innumerable digital marketing agencies face closure due to not being able to manage their business properly. For example, many companies are unable to send invoices to their clients on time, a large number of companies can’t manage their accounts payable and accounts receivable system properly, and lots of companies lose their clients and employees due to negligence in receiving payments and giving salaries, due to poor payroll, on time. The following stats show how huge the role cash flow challenge plays in the poor condition of a digital agency and prevents it from growing in comparison to other challenges.

 

The solution to all these problems lies in advanced custom digital agency software. It is because a reliable digital invoice software system will make the whole management process and system automatic. Moreover, digital agencies should also look for the tips to simplify their invoicing process.

 

Apart from that, digital agency billing software benefits an agency in innumerous ways. to find out, keep on reading:

 

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Better Accounts Payable Management 

When you have a better account payable management system, then you will be very well aware of the payments you have to give, and doing so, you will be able to pay your employees and clients on time.

It will not negatively affect the payroll system of your company, and everything will run smoothly. Moreover, paying on time will bring credit to your company, thus putting positive and reliable of your company all over the world.

 

Secure and Convenient Payments with 30+ Payment Gateways

The more payment gateways a digital agency billing software has, the more convenient will be for its users to pay. There are many payment apps that allow their users to pay online. So, cloud billing software like Invoicera with more than 30+ gateways make it possible with more mediums to pay online with indubitable safety. Such tactics are one of the best ways to receive payments from your clients regularly.

 

Employee Retention and Expenditure Management

When you receive payments on time from your clients, then you will be able to pay your employees on time, thus you will be versed in employee retention. 

Moreover, there are lots of expenses that you have to deal with like electricity bill, rent of your office, taxes, and other ones that are dependent on such timely payments.

If you have an advanced customized billing software solution which can track all your expenses, then you will be able to send your clients invoices on time, thus receiving payments on time. Doing so, you can overcome the major challenges of digital agencies comfortably.

 

Easy Invoice Approval Process

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When you receive an invoice, you must have to deal with lots of paperwork, which eats your efforts, time, and so on.

However, when you utilize reliable invoice approval software, then all is done systematically in a while. You don’t have to waste your time and efforts, in fact, you can use them somewhere else to take your business to the next level.

An advanced invoice approval workflow makes you ready to pay without any doubt and wasting your time.

 

Some Other Features For a Digital Agency

Apart from the benefits mentioned above, that can be gained from invoice software for a digital agency, there are innumerable specific features that a company wants to take advantage of. Some of them are given below: 

 

Staff management: 

As a businessman, you must always be preoccupied with your staff management. Enterprise billing software can help you with this.

You can keep your eye on each and every employee working in your company, and what they are doing at a particular moment. Doing so, you will be able to ensure that your employees are working honestly.

 

Project management:  

Having a reliable custom billing software system can help you manage your projects properly. The task assigned to each staff member working for the project should work with their 100% utmost dedication.

Further, you will be able to know each and every stage of your project. Sometimes, you feel an urge to have things the way you want, and you can do so by being with your employees despite being far away from them.

 

 

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Expense management: 

When choosing a custom digital agency billing software, then you must look for other benefits that the software is providing apart from invoicing solution.

If you have an idea of how much expenses you will deal with in a particular project or task in a particular period of time, then you can prepare yourself better financially.

Apart from that, you will be aware of your each and every penny going out of pocket. It will prevent you from wasting money, thus you will spend your money in the right place. So, having cloud billing software that fulfils this requirement is not less than a boon.

 

Legacy system integration: 

It’s wise for you to go for custom agency billing software, as it can be integrated with the legacy systems of your clients’ country. 

Every country has its own legacy systems and laws, and a custom billing software tool when customized as per a different legacy system, then it makes accounts payable and accounts receivable management much better.

 

Reminders for Payments

If a digital agency invoice software allows your clients and you to be reminded of your payments to be given or taken, then you will know exactly what to pay when.

Doing so, the credibility between you and your customers will increase. Apart from that, when you know the particular date on which you have to pay, then you will be able to prepare yourself financially for such payments.

 

Custom Invoice Templates

As a digital agency owner, the way an invoice software system looks matters to you. If you are not satisfied with anything, then you can have a custom template built as per your specific interests and needs. 

 

Conclusion

This blog discusses how digital marketing agencies can benefit from custom digital agency billing software. Apart from invoicing, invoice software for a digital agency like Invoicera can fulfil other specific requirements of a company like expense management, project management, and staff management. 

The other advantages of using custom digital agency invoicing software Invoicera are 30+ payment gateways, legacy system integration, invoice approval facility, and better management of accounts payable and accounts receivable.

 

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