How to overcome the major challenges of Digital Agencies?

 

Life in a digital agency is faster than any 4G internet speed. Managing a successful digital agency requires great organizational skills, advanced multi-tasking abilities and an exceptional attention to details. Apart, from the creative blood that flows into the agency, there is also some cash flow boosting each one of you to do better. The flairy thoughts need to be streamlined and the frame should be good enough to help you have an easy rotation of cash. Just like any other company in the world, a digital agency also needs its business activities defined and managed efficiently.

 

Here is a list of challenges a digital agency faces in its daily business activities:

 

1. Sending recurring & auto bills for retainer clients:

 

Generating invoices is a time consuming process and requires you to take out some extra time from your already busy business schedules. It is one part of your job where you have to give your creative person some rest and the businessman some action. Paper invoicing for he ever so fast digital agency sounds much outdated and does nothing but hamper the complete reputation. Here is when invoice software for digital agencies come to massive play. Online based billing software helps you quickly generate invoices and automate recurring invoices for hassle free cash flow.  

 

2. Managing a large number of invoices and other business documents

 

Piled up books of accounts can give you a real hard time to find important invoice or document. When you believe in saving your every data on cloud, why not save your most important documents there too. Invoicera, the billing software for digital agencies is a cloud based online invoicing software that lets you create and save all your invoices in the cloud based drive and keep your information secure lifelong.

 

3. Managing the client account and resolving invoicing queries

 

Many times a digital agency as to bear with its clients on invoicing and set rates. Fluctuations and negotiations are higher and consistent here more than any other business in the world. It is therefore very important to keep a track of all the previous invoices and sent and the amount that has been received or the agency still owes to clients. A clearly defined record helps you get hands on it easily and solve all the client’s queries regarding invoices well in time and avoid all major issues of conflicts.

 

4. Sending out payment reminders to clients

 

A delayed payment cycle hampers your entire functioning. It is important to keep your cash flow on track in order to have a healthy business environment. A billing software for digital agencies makes sure you invoice in time and keeps a track off all the payments that are received and yet to be received. Apart, from the basics of invoicing, invoicera also helps you manage your staff, track time and other business activities where you need to bill your clients.

 

5. Billing clients accurately for the services provided

 

Any agency incurs two types of expenses while working for any client, Billable and Non-Billable expenses. In order to differentiate and keep a track of the billable expenses, keeping a track of every activity and noting time spent on each is important. An invoice software for digital agencies make sure to automate time tracking and billing clients accurately for the services provided.

 

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Manage invoicing and payments easily with invoice software for digital agencies. Invoicera’s invoicing solutions are tailor-made for the problems faced by digital agency businesses.

 

  • Automate Recurring and Other Billing Profiles
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    Invoicera lets you bill your retainer clients with the help of recurring and auto-bill profiles. It improves billing productivity and retain clients for longer.

     

  • Integrated Time Tracking Solution To Bill Clients Accurately
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    The invoice Software for digital agencies helps you keep a track of the work done by your staff through daily timesheets. It makes sure you bill accurately to clients and get paid for what you are worth

     

  • Personal and Customized Client Portals
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    It simplifies the process of servicing clients with dedicated client portals. The billing software for digital agencies provides clients with access to billing information and save their time.

     

  • 100% Data Backup And Security
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    It is very important for agencies to have its data safe and secure. With invoicera, no data loss occurs due to technical glitches or network issues.

     

  • Easy Custom Workflow Management
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    It develops a custom workflow according to your specific business requirements. Improve invoicing and payments productivity with this invoice software for digital agencies.

     

  • Automatic Payment Reminders For Hassle Free Cash Flow Management
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    It lets you set up automatic payment reminders to get timely payments for your services. Add a late fee to your invoices and manage invoice payments better.

     

  • Simplified Expenses Document Management
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    Receipts are important for authenticating expenses. Proper record maintenance helps in getting tax deduction. The billing software for digital agencies helps you keep a record of all the expenses incurred by the agency.

    Also Read: 7 Key Expense Management Best Practices

     

  • Management of Subscription Business
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    Subscription billing helps in sending bills to customers on a periodic basis, improving productivity of the invoicing process. This helps in retaining long term clients.

     

  • Accuracy of Cash Flow
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    With automatic currency conversions, you can easily track your currency gains and losses through Invoicera. It enables you to know your cash flow in local currency and take better business decisions.

    Also Read: Tips For Digital Agencies To Simplify Their Invoicing Process

     
    CONCLUSION

     

    The digital fast life wants some super fast solutions to basic business needs. An invoice software for digital agencies makes sure your business activities are streamlined and your creative wings stay boosted and motivated with the strong flow of cash flow support. A streamlined workflow with the help of Invoicera makes the job less tiring and fuels the morals of the company. A clearly defined job helps the organization achieve desired results efficiently.

    Invoicera, the customized billing software for digital agencies is a wholesome package that helps you streamline your entire business activities and cash flow intact. The 13+ years old invoice software for digital agencies is a complete package to cater to every aspect of business finances. From invoicing to tracking expenses or managing staff, every single business aspect can be managed efficiently. 30+ online payment gateways helps receiving payments from the global clientele hassle free and cash flow super smooth.

     

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    admin

    Veronika Tondon is a business enthusiast with extensive experience in Invoicing & Payment Process. She has 6+ years of experience in Invoicera, the leading cloud-based invoicing solution as Invoicing Consultant. Sound knowledge in business process execution, offers end to end solutions for complete automation of business processes and AR/AP processes. Contact Veronica for your invoicing requirement.

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