Big things are happening with online billing for small business. As consumer and B-to-B customers alike continue to embrace electronic payment, the prospect of a simple online service for electronic billing and payment receipt has suddenly become real.
A bevy of new e-billing services for small biz have just launched. It’s a terrific time to consider billing and collecting your cash electronically, even if you’ve never thought about it before.
Why e-bill? It’s easy, for one thing, and will cut your costs. More and more customers prefer, and even demand online billing and payment, so you will gain loyalty. It’s also a great way to improve cash flow and set your business apart as a leader.
The new online services let you:·
→ Create, send and manage invoices electronically, by email and/or online.
→ Receive payments from customers, by credit card, debit card or e-check.
→ Automatically reconcile invoices with customer payments.
→ Receive and pay your own bills electronically and view payment histories.
→ Set billing reminders and alerts.
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See what your bank is offeringBanks and other financial institutions are lining up to offer online billing and payment collection services for their small business customers.
Discover easy online billing servicesCheckFree and BofA are hardly alone. Smaller, independent web-based services have also jumped in to serve small business.
Go with a trusted nameQuickBooks, the most popular small business accounting software, also offers e-billing services.
Stay flexible with more scaleIf your business is a bit larger, growing fast or has a large number of customers, you may need a more specialized solution.
Help your customers pay the same dayIf a customer wants to pay you TODAY, you should have a solution in place.
- One early user of the Transcepta service was Multi Visual Products, a small digital photofinishing lab. "We were struggling with the high cost of postage and man hours to process invoices and paper checks," says James Clark, president. "We didn't want to spend $50,000 and three months to develop a new invoicing solution. With the Transcepta service we were able to send invoices in less than a day with no upfront cost."
- Many services offer a free trial and can get you up and running in less than a day. The cost per invoice and payment for e-billing is often less than the price of a stamp.