5 Reasons To Choose Invoicing Software Over Invoicing Templates
Using a Microsoft Word or Excel invoice template might seem convenient at first. With some copy-pasting skills and patience, you can add your business logo, customize the layout, and include all the necessary information, then save it for future use.
But that document is just one part of getting paid, and relying on manual templates can actually create as many challenges as it solves.
Online invoicing software is a far more efficient solution for managing invoices. If you haven’t switched yet, here are five reasons why invoicing software can streamline your business processes.
- Get paid faster
Getting paid faster lets you reinvest profits to fuel your business’s growth. With invoicing software, there’s no need to re-enter details for each new invoice. Business owners can quickly send a tax invoice to customers via email in just a couple of minutes.
The software also enables payment collection through various online methods like UPI, debit and credit cards, net banking, and digital wallets.
Plus, multi-currency support means you can reach clients in international markets. Customers can easily pay with a single click, making collections faster and more efficient for your business.
- It’s automatic
Online invoicing software streamlines the billing process with automated features, making invoicing smooth and efficient. Instead of the awkward task of chasing payments, most platforms offer automated reminders based on invoice due dates, which can be sent via email or SMS.
Built allows you to personalize this schedule, deciding when and how often reminders are sent to clients. For regular customers, invoices can also be set to recur automatically, for example, on the first day of every month.
Top invoicing software includes full accounting capabilities, centralizing your financial data to make tax season stress-free. This way, you avoid the hassle of manually tracking and reminding each client.
- Easy access
Cloud-based invoicing software gives you easy access to all your invoice details, no matter where you are. Whether you’re working from home or on the go, online invoicing makes recording and managing invoices simple and convenient.
You can handle transactions from your laptop anywhere, without the worry of leaving files at the office; everything you need is just a click away.
Even better, if you prefer using mobile, you can access invoicing directly through the Built Financial Technologies app, available on Google Play and iOS.
- Save time and money
Creating and managing invoices manually is often a lengthy process—you need to find and verify client information, calculate totals, print copies, and sometimes even handle delivery logistics.
This can eat up hours of your time, but with Built invoicing software, you can save time by automating these tasks and producing ready-to-send invoices.
At Built , we’re dedicated to offering our invoicing software tailored for small business owners. We understand that growing your business is tough, and we believe smaller companies should have access to the same tools as larger corporations.
- Reports
Having all the facts is crucial for making wise business decisions. Invoicing software goes beyond just creating invoices—it gives you powerful insights into your business’s financial health.
With a variety of reporting and analytics tools, you can track key metrics such as total revenue, outstanding payments, payment timelines, and tax details.
These comprehensive reports enable you to make data-driven decisions that support your business’s growth and strategy.