Many small- and medium-sized businesses (SMBs) regard billing customers as a time-consuming expense. That makes sense, because for those SMBs still doing it the old-fashioned way, it is a significant, labor-intensive process.
A 2018 study by Opinium Research found that manual invoicing costs SMBs an average of $2,600 per year, and that about one-third of SMBs continue to issue paper invoices, with one-quarter still snail mailing those documents.1
If you or your staff is still spending valuable time and money printing and mailing invoices, this article is for you.
As you’ll see, implementing automatic billing not only allows you to cut costs, but it can also be a growth driver for your business. How so? Let us count the ways.
Ways Automatic Billing Can Help Grow Your Business
- Decreased CSR time with automatic payments for deliveries, service work, wholesale orders and more, plus automatic recurring payments for budget accounts or installment plans.
- Increased cash flow due to decreased time between delivery of products/services and payment.
- Increased customer loyalty because of superior service with convenient, automatic payment options.
If you have questions about any of the above or want to learn more about payment processing solutions, visit https://lp.tsys.com/add/. We understand the unique operating environment surrounding payments and can help you differentiate yourself from competitors and capitalize on growth opportunities.