It is common and everybody knows that invoices are generated upon completion of work or service. But moreover, it is amazing to know that invoices could also boost the sales for your business. Furthermore, in this informative blog post, we will see how an invoice can help generate more sales for an organization. Small and medium business owners can promptly utilize their invoicing system in a...
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Day by day the competition is growing in the world of online business. It is important to find and implement effective ways to maintain customer satisfaction level. Irrespective of whether you are a freelancer, entrepreneur, SMB business segments - expanding customer base and customer retention remains the biggest two most focused area for any organization in 2018. Even the same applies in the invoicing world, rather...
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Business processes constantly undergo a change upon new formation of departments or an organizational structure change, new hires or when the merger or acquisition happen. This, in turn, affects the way an entire expense management system operates. In such a scenario, you need an apt online billing and invoicing software solution that can easily adapt to the changes and integrate well with the business process. Every...
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It’s all about maintaining the balance, isn’t it? And the same can be implied when it comes to managing your business as well. Whether small or large business, every trade goes through the billing and invoicing related process. Few of the terms such as ‘Purchase Order’, ‘Invoice Estimates’, etc sometimes can confuse you and tend to make mistake in the business process. In business, you...
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Subscription-based business service providers have seen a whopping rise in the growth with more than 100% from 2011 to 2016. Customer’s preference is now diverted towards services and products. Artificial Intelligence and Machine Learning are gaining popularity in the subscription-based business services and hence it proves to be promising news for Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS). Simultaneously, it also showcases the vital stats for optimizing...
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Invoicing is critical, invoicing is important, invoicing is everything. Yes, irrespective whether you have a small or large business organization or startup, invoicing is crucial for every segment of the business. Especially, if you are a freelancer, this becomes the primary source to get paid for your work. When you put together a proper and good invoice, it assures you of the quick payment and in...
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Are you running a small business or working as a freelancer? Then nobody understands better than you the pain of not getting paid on time for product or services already delivered. Some clients might take weeks before your payment is credited to account. Freelancers usually have to deal with many projects but mostly they all individual project and require to deal with a one-time client only...
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One of the important aspects of any business especially, if it’s a small and medium enterprise is to keep on crunching numbers. “Gross Profit Margin” is the resultant factor of crunching numbers. Gross margin is the difference between revenue and cost of goods sold divided by revenue. Gross profit margin implies that you have made a profit in the trade and shows the percentage of revenue...
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In this blog post, we are going to shed some light on what are the options with businesses to receive money through invoice factoring. But before that, let’s understand what is Invoice Factoring and how invoice factoring works in brief. In simple words, Invoice Factoring is to sell your outstanding or unpaid invoices to a third party company (factor) to and borrow against those invoices to...
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Freelancing lets you be the boss of your own time. It gives you the leverage of picking your own hour of the day to work as long as you submit your project on time. It also means that you have to manage your own cash flow and in order to so, you need to deal with numbers and be your own accountant for a while. For...
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