Transforming Your Invoicing Experience With Skydo
September 1, 2023
Imagine running your business as if you were driving a high-performance car, accelerating through the busy streets of your industry. The engine of your enterprise is powered by your products and services, propelling you to success. Yet, just as a powerful engine needs precise engineering, your business requires an optimised invoicing process to maintain its financial momentum.
Let's consider an example to understand this better.
Tech Solutions, a company that provides IT services to various clients, has recently completed a project for a major client and needed to send the bill. Sounds simple, right? However, it turned out to be a problem.
Creating the invoice meant gathering all the work details, checking expenses, and ensuring the pricing was accurate. Then came sending the invoice through email, which required manual data entry, leaving room for mistakes. Once the invoice was sent, the waiting game began. Tech Solutions had to constantly switch between emails, spreadsheets, and reminders to see if the client got the invoice, approved it, and when they'd pay.
For Tech Solutions and countless other B2B enterprises like yours, managing the invoicing process is an integral aspect of conducting business. However, with a manual invoicing system in place, this journey can be challenging and frustrating. You have to be careful with details and remember many things, and it takes time.
This situation highlights the necessity for a more streamlined invoicing solution, such as the transformative benefits that Skydo brings to the table.
Skydo solves these pain points, delivering efficiency and accuracy and freeing up valuable time for you to focus on growing your business. Here’s how.
Existing invoicing methods and their limitations
With the traditional method, managing your invoicing feels like trying to catch raindrops in a storm—a never-ending battle that drains your time and resources.
Like Tech Solutions, your business struggles with the limitations of traditional invoicing methods—follow-up calls, endless paperwork, and manually tracking payments and invoices.
Over the last quarter, your dedicated team spent countless hours on aggressive follow-up calls and reminders. These precious hours, which could have been better used in delivering top-notch services, were consumed in chasing payments. And it doesn't stop there—the manual tracking of payments and invoices led to myriads of errors, confusing both your valued clients and your meticulous accounting team.
Sagar, the Founder of Primathon, a software company, encapsulates the situation perfectly: "Manual invoice payment recon is unscalable and needs a product solution." Sagar's words mirror the sentiments of countless decision-makers like you who understand that these limitations hinder your business's growth and innovation.
Traditional methods fall short in the face of these challenges. You need an easier way to do invoices.
With Skydo, you won't have to worry about chasing payments or making mistakes. The challenges of traditional invoicing methods may be formidable, but they're no match for Skydo's capabilities.
Streamline your invoicing process for FREE with Skydo
By streamlining the invoice creation and dispatch process, Skydo can also help you to improve your working capital and reduce your Days Sales Outstanding (DSO). This means you'll have more money available to invest in your business, and you'll be able to improve your cash flow and overall financial health.
With an intuitive and user-friendly interface, Skydo's integrated payment system also enables you to accept payments in multiple currencies. This allows you to collect accounts receivable faster and improve your cash flow.
Imagine effortlessly creating invoices the moment a new customer signs up. In just a few clicks, your invoices are in their inbox, ready to roll.
The best part? Automated reminders that alert your customers when their invoices are due. This way, your invoices become a priority such that money does not get held up in administrative backlogs anymore.
It goes a step further with automation capabilities that handle recurring invoices, automated invoice numbers, and purpose codes, essentially taking the grunt work off your shoulders.
With just one click, you can generate an e-invoice in practically any global currency, allowing you to customize invoices and add notes for clients.
You don't have to worry about misplacing valuable information; Skydo also stores extensive records of client interactions and payment histories so that your accounting team always has access to accurate financial data.
Skydo makes it easy for businesses to streamline their invoicing process while still getting paid quickly and securely. With its automated features, intuitive interface, and global payment capabilities, you get more time, less hassle, and efficient invoicing that keeps your business moving forward. With Skydo, streamline invoicing, improve cash flow, and do it all at zero cost.
Track all your invoice statuses in one place
Imagine having a crystal-clear view of each invoice's status, knowing precisely when it has been viewed, paid, or if it's overdue. With Skydo, this isn't merely a dream—it's a reality that empowers your financial operations.
1. Transparent Invoice Status Tracking
Skydo's innovative feature provides up-to-the-minute updates on each invoice's status, offering a transparent and comprehensive overview. It enables you to promptly address overdue invoices and reduces the uncertainty surrounding payments.
2. Enhances Financial Stability
The benefits of having such a lucid view of your outstanding payments are manifold. It is the cornerstone of financial stability for your business, enabling you to exercise proactive control over your finances. It provides an invaluable snapshot of your financial health, helping you identify bottlenecks in cash flow and plan your expenditure accordingly.
Furthermore, it significantly reduces the risk of missed payments and defaults, thereby reinforcing your business reputation.
3. Global Payment Visibility
In addition to Skydo's efficient and seamless payment tracking, this visibility of outstanding payments extends to global payments, making it an indispensable tool for businesses operating in the international arena.
4. Efficient Invoice Management
Skydo’s integrated approach enables businesses to stay in control of their invoicing methods and reduce the time spent chasing payments. The system's digital nature also means all updates are automated, ensuring up-to-the-minute accuracy.
This level of invoice management offers valuable insights into your business's cash flow and helps streamline operations and improve financial management. The clear, concise, and up-to-date overview provided by Skydo's payment tracking feature makes managing invoices effortless.
By enabling your business to seamlessly track invoice statuses all in one place, it paves the way for improved financial forecasting, positive cash flow management, and a robust bottom line—all crucial elements of a thriving business.
Step into the future with efficient invoicing
Efficient invoicing methods are the lifeblood of maintaining a healthy, positive cash flow for businesses. It ensures your business thrives in this competitive market.
Skydo revolutionizes this experience by providing an all-in-one solution to manage your invoicing needs. Its user-friendly interface, real-time payment tracking, and unmatched global payments handling capabilities put you in the driver's seat of your financial operations.
No longer do you need to worry about late payments or lost invoices. Skydo empowers businesses to stay on top of their finances, enabling them to focus on what they do best—growing their business. Book a demo today to transform your invoicing experience and increase business revenue.