Electronic invoicing solutions became a game changing tool available to businesses starting from the 1960’s all in the effort of going ‘paperless’. Within the next three decades, electronic invoicing software was developed and the complexities, speed, and working capacities of these said software improved tremendously, that now, every company regardless of size would have some sort of these solutions utilized. It is now a staple for businesses in general.
Invoicing software solutions are now able to automate the whole accounting process. Business are able to automate upwards of 50 percent of all manual financial protocols. Starting with processing and sending invoices, keeping track of payments received and payments made, and balancing the financial books. Business are able to get payments faster, thus being able to reinvest a lot quicker and respond faster to the market that they are conducting business in. Customers are taken better care of because delays due to payment errors are minimal to none whereas non-compliant payers are kept in check. Purchase orders are processed faster therefore keeping vendors happy. Business growth is easier to forecast and business owners and board members are able to make better business decisions with the information they were able to analyze and obtain.
With the technological advancement, many different invoice software programs have come along to meet different purposes, each of which is loaded with exclusive features. There is no doubt that billing and invoice management software systems are the future of accounting technology in the current business arena. Investing in the best billing and invoicing software is definitely a necessity to gain a competitive advantage over rivals.
Our distinguished selection panel, comprising CEOs, CIOs, CTOs, industry analysts, and the editorial board of CFO Tech Outlook, has narrowed the choices to 10 providers that exhibit competence in delivering billing and invoicing solutions.
We present to you CFO Tech Outlook’s "Top 10 Billing and Invoicing Solution Providers - 2018."