Why Automate to get paid Faster

Automations across the board save you time and money. And time is money for a busy entrepreneur.

But the benefits of automating invoices extend beyond that—especially if cash flow ebbs and flows. Automated invoicing can help you get paid faster. Sample data from 2016 reveals that micro businesses (turnover < Rs10 crore) had a greater burden of delayed payments with median days sales outstanding (DSO) of 79 days, followed by small businesses (turnover < Rs50 crore) at 72 days.

Comparatively, large companies enjoyed much quicker payments at a DSO of 56 days. The construction sector was the worst hit, with micro businesses waiting 180 days to receive payments. In manufacturing, micro businesses had a DSO of 85 days compared to 54 days for large corporate entities.

Plus, automated invoicing means your books are always up-to-date. Access to real-time financial records and reporting is crucial if you’re always on the go. (You’ll really appreciate this during tax time too.) This is why TrackPayOut would be doing your job easy.

Feature of TrackPayOut

Complete dashboard of your all Oustanding Payment, follow up, Invoice payment status & many more.

Payment Tracking System

Payment Tracking Software

Financial Reportingand Analysis

Online PaymentTracking

Online PaymentCollection

Automated InvoiceProcessing

Invoice ProcessingSoftware

Online PaymentCollection System

Author's Bio: 

Contisoft Technologies
We are dedicated to building an outstanding product, constantly improving it, and offering world-class customer support.