Billing is a key element of any business, ensuring that revenue is properly accounted for and that transactions are transparent for clients.
With the advent of digital technology, businesses are constantly seeking ways to optimize their processes to save time and money.
One way to achieve this is by integrating a billing tool into your overall business management system. This tool should not only be certified software but also meet the specific attributes related to the invoicing reform in France, scheduled for July 2024.
But what real benefits does the integration of such a tool offer?
What are the advantages of a billing tool?
Time savings and enhanced efficiency
Manual data entry, searching for invoices, or resolving billing errors can be time-consuming.
By automating these processes, you can free up time to focus on more strategic tasks such as preparing monthly reports or monitoring the financial health of the company you manage.
Automating the sending of invoices at the end of a project or reminders to honor payments can be among the essential features of such software.
Adaptability and scalability
An integrated billing tool must be able to evolve according to the needs of your business.
Each software is unique, and as such, some are more suitable than others depending on the type of business you are in (a company that sells equipment, for example, will not have the same billing needs as a company selling man-hours).
Likewise, if your growth is significant: whether you expand your product offering, enter new markets, or increase your customer base, a well-integrated system should be able to adapt easily to these changes without requiring a major overhaul.
Facilitating debt collection
When clients do not pay on time, it can severely affect your company’s cash flow.
We all know how crucial good cash flow balance is to running a business: significant cash flow imbalances and “real big problems” start.
With an integrated system, you can automatically send payment reminders, help track receivables, and even automate certain parts of the collection process.
Improved payment visibility
An integrated billing tool provides better visibility into incoming and outgoing payments.
You can easily track who paid, how much, and when.
This increased visibility can help improve cash management and make informed financial decisions.
It can also help you easily identify clients who are wasting your time and ultimately not profitable for you.
Having such a billing tool, with centralized data coupled with commercial and project management aspects, can also allow you to visualize the most important metrics of your business on dashboards: net margin per project, project profitability, time spent, etc.
Reducing data entry errors
One of the main concerns in any billing process is human error.
By directly integrating a digital billing tool into your management system and processes, you reduce duplicate entries and errors that can occur during manual data entry.
This ensures accuracy in the generated invoices and ultimately provides a better customer experience free of potential errors.
Enhanced security
Online billing tools come with advanced security measures to protect sensitive data.
These measures are entirely crucial since handling data, especially financial data, is not trivial.
By integrating such tools into your management system, you benefit not only from their functionalities but also from their robust security protocols.
The excellence of Furious Squad in billing
It is essential for any business to have a robust, reliable, and flexible tool.
Furious Squad, as a billing tool but also and especially as an ERP business management software, offers an integrated billing solution that meets not only the needs mentioned earlier in this article but goes far beyond.
Its ease of use, advanced features, and integration options mean that it now equips many growing businesses that have chosen time savings and profitability.
Why choose Furious as a billing tool
Our quoting and invoicing software can completely revolutionize your business.
For the financiers we support in its use, being able to prepare reports before the end of the month in two clicks has completely changed their way of working. Less stress, more profitability would clearly be their Furious mantra.
Our key features are numerous, but in terms of billing, we can cite:
- The automatic generation of invoices when the end of the project is validated, or according to the deadlines set previously. The generation is done automatically based on the quotes generated and signed directly on Furious at the start of the project.
- Monitoring billed hours against sold hours, which helps avoid excessive time overruns per project.
- Automatic reminders for unpaid invoices – by email or registered mail.
Furious has been certified by the state as software compliant with the 2024 invoicing reform standards – so you can integrate our tool with peace of mind.
Unlock the full potential of Furious Squad
Furious, as you have understood, is not just about billing. It is also a simple yet powerful CRM module, a part dedicated to employee tracking, and above all, project management from A to Z.
So, when do you start?
