Business Solutions

invoicing

Mobile Solutions for Your Business

According to a recent report issued by Cisco on global mobile data traffic, the average smart phone usage grew 81% in 2012 and by the end of 2013, the number of mobile connected devices is forecasted to exceed the number of people on earth.

It’s no doubt that we are in the age of mobility. The idea of a business professional chained to a desk to read or respond to email is almost as quaint as an accountant crunching numbers using an abacus. Many business professionals these days don’t work from their desks, per se, but they’re working while in off-site meetings or traveling on the road. This means that they rely heavily on mobile devices not only for communication, but for work.

 

“While not all companies deploy sales mobility, those that do, outperform those that do not across a myriad of measures, including overall team attainment of quota, lower sales turnover, as well as better year-to-year growth around revenue, customer renewals, deal size and CRM adoption.”
 
                                                     – Aberdeen Group Benchmark Report

invoicing

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Solution Overview | Key Business Findings

It is estimated that the average cost of generating and managing invoice is USD 10.98 or SGD 13.73 and takes on average around 34 minutes each. And that’s before any dispute management.

 

There’s the effort of handling the data several times. Once manually on the door step and again later into the accounting system. There’s the follow- up with the debtor. And further away from the completion of the job the less valuable the job appears. Asking for payment well after the completion is sure to bring out any germ of resentment. Being paid quickly has to be the mantra on the lips of every business man.

 

There’s the issue of record keeping. How many invoice books are misplaced each year with the risk of relying on memory and a manual diary to recreate a weeks; worth of data? And how many manual invoices miss making it to the accounting system or make it with incorrect data?

 

Finally, Manual Invoices are increasingly seen as a little less than Professional too. Perception of your customer to the way you present your business paper work is part of the overall impression about the company image or brand or the value of your product/service.