If you want to easily reduce the amount of time and resources it takes to run your business, you should automate your payments. Automated payment processing handles financial transactions electronically, eliminating the need for manual intervention.
It’s a game-changer that streamlines payment collection, saving time, cutting down manual errors and boosting your bottom line! Let’s take a look at 6 reasons why your business should consider making the switch to automated payment processing.
1. Reduce Manual Work
One of the main benefits of automating your finances is the amount of manual work hours you will save. You will never have to manually enter expenses, track down receipts or reconcile invoices. With the right software solution, all of this can be automatically handled.
2. Don’t Lose Track of Outstanding Payments
Have you ever been cleaning out your desk or old files and found an unpaid invoice? Xipster makes it easy to keep track of all your outstanding mobile payments with advanced reporting. You will be able to see all of your paid and unpaid payment requests at a glance, allowing you to easily follow-up with clients, so you never have to worry about a payment slipping through the cracks again.
3. Avoid Costly Mistakes
The days of business owners sorting through piles of old receipts and transcribing them into a spreadsheet are behind us — with the help of powerful SMB payment software that is. Relying on manual spreadsheet management has proven to open businesses to costly mistakes, with studies showing that as much as 25% of spreadsheets contain errors!
One incorrect number can throw a balance sheet out of whack, leading to missed payments, incorrect projections and inaccurate expectations.
4. Real-Time Analytics
While we all know the power of Excel, its capabilities only go so far. There is so much data available with modern accounts receivable processing tools. Xipster’s real-time analytics lets you drill down into your business’ financials. Even better, with the Xipster Dashboard, you can view the amount of payment links sent and the percentage paid in one singular view.
5. Save Hours and Focus on What Matters Most
Without the need to manually enter and track all your financial data, your team can refocus their time and energy onto analyzing the data available to them now and you can spend more time focusing on the future of your business. You will also be armed with the most accurate data possible to pave your best path forward.
6. Stay Consistent
Automated workflows make it much easier for your business to maintain consistent cashflow. In addition, seamless integration with your existing accounting software ensures your finances are always accurate so you have the most up-to-date information possible. Xipster seamlessly integrates with QuickBooks and Xero so you can leverage historical data and maintain accurate data.
With Xipster, your easy-to-use business payment and texting solution, your business can get paid how you want and when you want. Say goodbye to those tedious manual tasks with seamless automated payment processing. Start collecting SMS payments or payments via email now!