#recurringpayments

[ppiwallet]

Designed for Recurring UPI Collections at Scale

Whether you're collecting tuition fees, insurance premiums, or EMI payments, our UPI Collection API supports recurring schedules with automated reminders. Handle 100 to 10,000+ recurring transactions monthly without breaking a sweat. All with real-time tracking and retry mechanisms built in.

[checkwriter]

Online Payment via recurring ACH on OnlineCheckWriter.com – powered by Zil Money, make sure you never miss a due date. Securely pay with ACH, credit cards, wire transfers, and checks 

Learn more: https://onlinecheckwriter.com/online-payment/   

Click Here for Interactive Demo: https://onlinecheckwriter.storylane.io/share/yhkoqyqtqhhf 

[ketul99]

Node.js Stripe Subscription: Setup, Billing & Webhooks Explained

Discover how to implement Stripe subscriptions in Node.js. From setup to billing and webhooks, get a clear roadmap for hassle-free payments.

[billsbyy]

Product-Led Growth- The Strategy Your Business Needs!

The business strategy you have in place for the marketing and sales of your product is a decisive factor in its success. Some companies focus more on the sales strategy, while others focus on improving their product and services, knowing that a better product will automatically bring in more customers and revenue. So, what is the growth strategy of your business?

In this article, we will study the product-led growth strategy, and why businesses need to adopt it for themselves now!

What is Product-Led Growth? As the name suggests, when a company’s growth which is driven by the product and the experience of the customers with that product this is known as product-led growth(PLG). It is a business strategy where the focus of the organization is to improve the product and the customer experience to ensure growth and revenue for the company. Here, the strategy counts on the features, performance, and fame of the product to increase the sale.

The PLG strategy positions the company’s product as the main driver of the acquisition, satisfaction and retention of the customer, and therefore the expansion of the firm. By focusing on the product, the business can offer a personalized and innovative product experience to the customers, henceforth increasing their loyalty.

The product-led business strategy puts the product in the front and center of all sales efforts, unlike other forms of sales and marketing. For example, in freemium businesses, the product is a sales tool which attracts customers into using it without spending money. When they fall in love with the product, then they are ready to pay for it as well.

Benefits of Product-Led Growth The PLG model provides better results to the customers as well as the businesses. It emphasizes the development and improvement of the product, which in return guarantees the increased likeability of the product and the brand. The key benefit of a product-led growth strategy is that the firm can produce high-quality products and keep the customers happy and satisfied. Other benefits include-

● Increase in Median Enterprise Value

A recent study says that the median enterprise value (EV) of a company with the PLG model is twice the public SaaS index. The product-led companies create products that focus on eliminating the problems of the customers. If the model is carried out successfully, the customers become loyal and even refer your product to potential users.

● Accelerated Growth

Companies with a PLG model grow faster compared to companies with other models. Their annual recurring revenue is quite high in these companies, and they tend to expand at a faster rate.

● Low CAC

The PLG companies are not limited by high marketing or sales costs, as the resources are streamlined into the product. This helps decrease their customer acquisition cost and more returns on the acquisition of each customer.

Comparison With Other Models Traditionally, salespersons or marketing materials are used to convince the customers about the product's value. The customer purchased the product only if they were convinced and thus the selling of a product was largely based upon the convincing skills of the salesperson.

However today the PLG model focuses on acquiring customers solely based on the value of their product. They let the customers understand the value of the product by trying them for free and then deciding for themselves.

The product-led growth model encourages the users to use and explore the product without paying anything or any barriers. As they understand the value of the product, they purchase it for themselves as well as promote it with their family friends and colleagues etc. This way the product sells itself and there is no need for additional marketing strategies are costs for the sale of the product.

Let us now read about the product-led growth model vs the sales-led growth model and marketing-led growth model.

Sales Led

The main difference between the sales-led model and the product-led model is the internal alignment. Companies with the sales-led model are built with the thinking that the sales department solely is responsible for providing sales and revenue to the company.

Everything that happens in the company from employee training to purchasing the software or the different approaches of marketing is done keeping in mind the superior motive of closing more deals and making more sales.

On the other hand, the product-led model focuses on the alignment of all the facets of the organization and focuses on improving the product rather than increasing the sales, and the sales follow.

Marketing led

Marketing-led companies focus on convincing the customers to purchase their product by making it appealing to them. They understand their needs and highlight the value of the product according to these needs, making it somewhat irresistible.

They appeal and acquire leads and then send them to the sales team who closes the deals. Great marketing efforts help the brand and the product to be seen in the cutthroat competition.

However, the main focus for such companies is on marketing efforts, which are quite costly. Rather than focusing on the quality and actual value of the product, the companies focus on the value of the product that the marketing team is depicting to the customers.

The product-led companies on the contrary prioritize the customers' understanding of the value of their product by using it themselves. In such models, no marketing or sales team has to convince the customers to buy the product.

Instead, the company gives a free trial to the customers where they identify whether the product is valuable for them or not and accordingly make the purchase decision. The customers themselves understand and get knowledge about the product, discover its benefits, and identify its true value without any persuasion needed.

How To Become a Product-led Company? There is no single approach that a company can adopt to become a product-led company. However, it is a series and amalgamation of multiple approaches which form the comprehensive product-led strategy.

The process of becoming a PLG company depends upon the industry, the product, talent, resources etc. of the firm. Mentioned below are a few basic steps that can help you in your journey to becoming a product-led company.

1.Ensuring Alignment

Alignment across the organization is quite essential for any firm trying to adopt the PLG mindset. The most important is internal alignment, which often starts at the executive level.

The goals, resources and time must be concentrated on a single ulterior motive-delivering world-class product experience to the customer.

It is about designing the journey of the customer providing them with a great overall experience with your product and your brand. It involves multiple aspects such as marketing, analysis, customer success and much more.

Understand Your End User

To create an amazing product experience for the customers, it is vital to understand the requirements of the customer. You must understand the type of customer that will purchase your product.

Only then you can match the customer value and the business value of your product. Focusing on your customer base will help you improve your product in a way that will make a difference.

Analyze, Measure, Improve

It is important to make data-driven decisions based on user behavior to ensure product-led growth. You must analyze behavioral analytics, which track every touch point of experience that your customer has with your product.

This might include adding items to a cart, replacing products, abandoning a cart etc. in the case of e-commerce stores. Based on these analytics you must then work to improve the journey of the user and personalize the product experience for them to ensure a sure shot of product-led growth.

Metrics of Product-Led Growth

To ensure the success of a PLG strategy, companies need to focus on certain metrics. By accumulating and analyzing these metrics, the companies can understand the behavior of the customer and work to improve their product with each passing day. Some of the key metrics include-

Customer Acquisition Cost

For any model, it is important to monitor the number of prospects that find your product and become its users. The acquisition phase of the sales strategy is an important part where indicators like signups and qualified leads help you identify the various challenges with lead generation, and the methods to overcome them.

The goal of assessing the customer acquisition cost is to bring it as close to 0 as possible. In a PLG model, businesses achieve this goal by enhancing their product design.

Time To Value

It is easy to sign up 1 million prospects for free trials of your product or services. However, converting them into paying subscribers is not as easy. It is only with the help of a PLG model that you can create an amazing experience for the customers, which will make them purchase your product.

The time that the customer takes in finding the product useful is known as the time to value. It is calculated by determining the average time taken by a customer to purchase the product or the service. The goal for a product-led company is to decrease the TTV date to the lowest possible level.

Customer Retention

Sometimes companies tend to lay more emphasis on customer acquisition than on customer retention, failing to recognize that customer retention is less demanding and more resulting than customer acquisition. It is a cost-effective way to ensure the continuous flow of revenue into the firm.

However, to retain a customer, it is important to provide them with a seamless user experience. It is only if your customers love the product, that they will continue using it for a long time. If your product is not good enough, your customers may churn, and you might have to spend more money on acquiring more customers.

Examples of Product-Led Business Growth Mentioned below are a few companies which have gained success and broad appreciation with their product-led business growth model.

Dropbox

Dropbox is one of the most famous brands and companies offering customers a freemium model. However, based on the user experience, the customers have started shifting to premium packages. As a result, in less than ten years, Dropbox has successfully achieved more than $1 billion in word sales. This is because it has always focused on improving its product and enhancing the product experience of the customers.

2.Pinterest

Pinterest is a fantastic free-to-use app focused on improving the customer experience at each touch point. The leaders of Pinterest believe that to be most effective, they must be capable of implementing any feature they want without the support of any other team. Their PLG mindset and the autonomy of functions have made them a widely utilized application today.

Slack

Slack is a $7 billion company and has achieved this in only five years. They have one of the best freemium products in the software industry, and their early success resulted from their product-led growth model.

Generally, all the people using slack today use it for their businesses because they had a great experience with it when they started using it. Word of mouth regarding customer experience is significant; as a result, multiple companies and large industries use slack today for everyday conversations.

Calendly

This is another viral product that makes scheduling meetings very seamless. Earlier it was primarily used by individuals, but with time it gained fame in large industries. It attracts new users via a viral loop and focuses on the product-led model to increase the customer acquisition rate.

Causes of The Rising Importance Of Product-Led Growth Model The SaaS industry is about to face new challenges in the coming years. Building and maintaining the profits in a SaaS company is challenging, however, a product-led growth strategy can help you sustain and grow your business. Mentioned below are a few reasons how and why.

Start-Ups Are Becoming More Expensive

While it has never been cheap to build a SaaS company, there is no shortage of competition. On one hand, where all other aspects of creating a startup have become affordable, acquiring customers for your business is becoming more expensive each day. This means that marketing is also becoming more expensive each day.

On the other hand, while the customer acquisition cost has increased by more than 50% in the last five years, the willingness of the customers to pay for additional features has dropped by 30%.

This indicates that the expenses are going up and the profitability is going down, and combined with a high churn rate, this might be a disaster for your business. Thus, you should focus on shifting to a product-led growth model from a sales-led model.

Buyers Like to Self-Educate Themselves

People today wish to self-educate themselves and then buy through an app or an online means instead of learning about a product from a salesperson. This fact is not limited to the B2C buyers but also the B2B buyers.

Therefore, getting to know about the product and picking it out after a free trial can help the user decide quickly about purchasing the product. It is also easier for the users as they can try the product for themselves and then decide whether to make the purchase or not.

The Importance of Product Experiences is Rising

People today do not want to buy a product just because they have heard about it from a salesperson. Now, they need no human intervention at all. They desire a free trial of any product or service before purchasing it to be entirely sure about it.

This means that the customer's experience with the product has become more essential than any other thing. Therefore, to get more customers, you must focus on your product, for which the product-led growth model is perfect.

Problems With a Sales-Led Strategy The sales-led strategy is the most famous for any business, especially SaaS businesses. This is because business owners believe that they must focus on selling their product over enhancing the product experience.

However, there are a few loopholes with the sales-led strategy. Let us read about them below.

The customer acquisition cost in the sales-led businesses is out of control. The sales cycles are incredibly long and tedious, and high-touch sales are one of the leading indicators of CAC.

However, to ensure that the companies continue getting profit from their high-touch sales models, they must ensure that the lifetime value of a customer is high enough to compensate for the cost spent on acquiring each new customer.

To reach that LTV, the sales-led businesses charge their customers a heavy premium. It is to be noticed that the price of the premium is not high because of the value of the product or the solution but because the customer acquisition model of the company is more expensive.

This way, the company with the sales-led model is less preferred by the customers than those with the product-led growth models.

A Leaky Customer Acquisition Model

There is a big leak in the customer acquisition model of sales-led organizations. According to research, approximately 98% of marketing-qualified leads never convert into business.

This is because the MQL model has a few flaws. First, it encourages marketers to alter the content to achieve their MQL goals. They believe that the consumption of content is the leading indicator of intent.

As a result, the total process rewards create friction in the buying process. This leads to a disconnect between marketing and sales.

Hurdles in Product Development In This Organizational Structure

The product is often not the center of attention. Instead, it is an afterthought. The first focus is on making sales and improving or changing the product is the second. This hinders product development and the comprehensive development of the brand.

Is a PLG Strategy Good For Your Business? If you are considering starting or shifting to a PLG business strategy, you must identify whether it fits your business. Below are the primary characteristics of a successful company with a product-led growth strategy. To determine if your business is a good fit, you must adhere to some of these characteristics-

The chances of product-led growth strategy succeeding or higher when the marginal costs for every user or low, the users have direct influence over purchase decisions, or the existing solutions fail to meet their needs. In such pre-existing market conditions, your PLG strategy can bloom.

2.The product you are offering to your customers should be a uniquely valuable solution that can be customized based on the needs of the individuals. It should benefit them in one way or the other and helps them do their everyday tasks more efficiently.

3.If you provide a freemium model to the customers with very few or no features that are helpful to them, they might not comprehend the actual value of your product. Thus, you should ensure that your free models are also equipped with the essential features to make your product lucrative.

Your product should have the features and functionalities that eliminate the need for the marketing, sales, and onboarding teams separately.

The product should be easy to understand, adopt and evaluate for a user to fall in love with it.

The marketing funnels of your business lead to product engagement and not engagement with the sales team.

Networks and large companies can use your platform or product.

There are product champions within your customers' companies that promote your product's adoption.

Final Words The product-led growth strategy benefits you if you wish to enhance your brand and your sales and revenue.

This is because it focuses not only on the monetary aspect of the business but also on its overall growth and profitability. As a result, your product and brand find their place in the stifling competition, and you get loyal customers for your business.

Therefore, you must focus more on improving your product rather than spending a lot of money on marketing and sales to ensure your business's and your brand's comprehensive growth.

Source- Unlock success with Product-Led Growth! Transform your business strategy for exponential growth and enhanced customer experiences. Dive in now!

[apibanking]

Digital Collections for Subscription-Based Businesses

Have a recurring billing model? sprintnxt can simplify recurring collections using static UPI QRs linked to customer IDs. Perfect for gyms, SaaS, coaching, or membership services where repeated payments need tracking and ease.

#sprintnxt #RecurringPayments #SubscriptionUPI #SaaSPayments #FintechBilling

[auxpay]

Ditch the guesswork, embrace predictable revenue! Auxpay simplifies recurring payments & empowers your subscription business. Call us today +1-844-452-1234. Learn more at auxpay.net #paymentprocessing #paymentgateway #auxpay #paymentsolutions #recurringpayments

[idealbank]

Take the stress out recurring payments with the Direct Debit service! Learn more: https://zilbank.com/direct-debit/

[maslowsmarket]

#Merchants across #America are paying too much for #PaymentProcessing. We have a #solution!

Unlimited Payment Processing Low Monthly Fee Incredible Savings Message us today to learn more!

[ppiwallet]

Collect EMI & Subscription Payments via UPI

Recurring payment headaches? Use our UPI API to schedule, remind, and collect payments with ease. It’s perfect for NBFCs, lending firms, and SaaS platforms that need structured billing flows. Simple integration with powerful features.

[jrc-creative]

So you have a new business and now you want to accept payments from customers, what options do you have? Honestly, there are thousands of options out there, but, we always recommend using PayPal.

Why?

PayPal is a global brand, everyone and their pet has PayPal 😉

·        You can accept payments using all major credit card providers;

·        Your client feels good about making payments as PP offers purchase protection;

·        You can create recurring payments (like monthly subscriptions);

·        You can create estimates and include a ‘check out’ option (perfect for larger proposals);

·        You can generate invoices (perfect for contractors);

·        And it’s super easy to incorporate on your site;

 Honestly, don’t over think it. PayPal is the way to go!

 Follow us for more helpful business tips!

[pawoot]

หลังจากสงคราม E-Marketplace จบลง ทั้ง Shopee และ Lazada เข้าสู่โหมดทำกำไรเต็มสูบ.! เราเริ่มเห็นการ “ขึ้นราคาค่าบริการ” ของบรรดา Marketplace กันอย่างต่อเนื่อง เพราะตลาด E-Commerce แบบ Marketplace ถูกผูกขาดแบบเบ็ดเสร็จจาก 2 เจ้าแล้ว (เพราะ JD Central ก็ปิดตัวล่ะ) ดังนั้นหลายๆ คนที่ค้าขายใน Marketplace ทั้ง Shopee และ Lazada กำลังเจอปัญหา การขึ้นราคาค่าบริการที่เพิ่มมากขึ้น และการแข่งขันที่รุนแรงมากขึ้นใน Marketplace ทางออกมีไม่ยาก.! เราต้องปรับสัดส่วนมาขายตรงยังลูกค้ามากขึ้น ผ่านทาง Socail Media, และติดต่อลูกค้าตรงผ่าน Website และช่องทางของตัวเอง แต่หลายๆ คนจะเจอปัญหาคือ ลูกค้าอยากจ่ายด้วยบัตรเครดิต, เงินผ่อน หรือช่องทางอื่นๆ ที่หลากหลาย แต่เราไม่สามารถรองรับลูกค้าได้ ผมอยากแนะนำให้มาใช้ระบบชำระเงินออนไลน์กับทาง PaySolution.asia ผู้ให้บริการระบบชำระเงินออนไลน์เจ้าแรกของประเทศไทย ที่มีการชำระเงินครบวงจร ให้ร้านค้ารับบัตรเครดิตเองได้ ไม่ต้องง้อ Marketplace ที่มีค่าธรรมเนียมแสนแพงอีกต่อไป ตอบโจทย์ธุรกิจยุคดิจิทัล สะดวก ปลอดภัยทุกธุรกรรม ช่วยให้การขายของออนไลน์รับเงินได้ง่ายขึ้น 💙 ใช้เพย์ โซลูชั่นดียังไง? - ส่งลิงก์เดียว รับเงินได้หลายช่องทาง ทั้ง QR code, eWallet และบัตรเครดิตได้ทั่วโลก - เปิดระบบผ่อนชำระผ่านบัตรเครดิต นานสูงสุด 36 เดือน* - มีระบบ Recurring ตัดเงินอัตโนมัติต่อเนื่องรายเดือน - รองรับระบบออกใบเสร็จ/ใบกับกำภาษี - แจ้งเตือนยอดผ่านอีเมล ไม่ต้องรอเช็คสลิป ลดปัญหาโอนยอดผิด ไม่มีค่าบริการรายปี พร้อมระบบตรวจสอบยอดเรียลไทม์ 24 ช.ม. 👉 สมัครฟรี! สนใจติดต่อได้ที่ 🖥 https://hi.switchy.io/9JeO LINE ID : @paysolutions Tel. 090-198-4800, 065-5249951 #ชำระเงินออนไลน์ #ระบบรับชำระเงินออนไลน์ #ชำระเงินบัตรเครดิต #recurringpayment #visa #mastercard #shoppingonline #ecommerce #paysolutions #paysocial #ผ่อนชำระ #ขายของออนไลน์ #ธุรกิจออนไลน์ #B2C #Business (at Paysolution Co.,Ltd.) https://www.instagram.com/p/CpnGjdjPeG_/?igshid=NGJjMDIxMWI=

[billsbyy]

The Essence of Automated Billing Software for Growing Businesses

Almost everything businesses do today, they do with automated solutions. So why not billing? A billing automation software is mandatory for your business, keeping in mind the efficiency and accuracy it provides to the billing and invoicing system of your business. It helps your customers be happy, thus bringing in good revenue and timely payments.

With a well-automated billing system, you can focus on other tasks and leave the task of billing to the softwares. In this article, we will study in detail billing automation softwares, and why and how you can get one for your business today!

What Are Automated Billing Systems?

A software solution that takes up on it and sells all the functions related to the billing and invoicing process is known as billing automation software. It only requires a little manual input and data, and based on that, it can generate invoices, collect payments and take care of approvals. It is used to streamline the billing processes to improve efficiency and reduce the time taken in the billing process.

Automated billing software is suited most to businesses with subscription and business models. In these models, the billing is uniform and charged at regular intervals by the customers. Apart from this, service providers such as health facilities, law, consulting firms, e-commerce stores, etc., also benefit from billing automation softwares.

Why Should You Use Automated Billing Software?

Automated billing software makes billing and invoicing a really easy and streamlined process for businesses. They help businesses track actual and billable hours and convert them into preparing an invoice.

They also schedule and create late invoice reminders on a recurring basis. With automated billing software, the sales, pre-payment, credit invoices, etc. or created and sent to the customers as PDF files.

Also, they automatically compare several budget scenarios with the actual revenue, expenditure, or profit and generate accurate forecasts for the business. All in all, the automated billing software makes the complete process of billing software and database, and there is no scope for human error.

Also, the time of the employees is saved, which they can spend on more important tasks. This improves the overall operational efficiency of the business.

What Does Good Automated Billing Software Do? How can you recognize whether the automated billing software you are using is amazingly efficient or not? With the help of the features and characteristics of your automated billing software, you can identify whether it is worth your time and money or not. Some of them include the following-

● Simplifying Complex Billing

The automated billing software knows when and how to bill and how to tax the bills. This saves time for the individuals as the comprehensive billing solution is provided by automated billing software. If your software simplifies the complex billing and does the essential maths for you, it is a good billing software and it can help you keep the problems at bay and scale.

● Helps you stay on top of your company's finances

With automated billing software, you can stay free of the stress of missing out on any penny, payment, or expenditure. You can manage the finances of your business with ease and stay on top of the finances of your company. You will also receive real-time reports that will help you make an analysis of the multiple aspects of your business and its finances.

● Adaptability with other workflows

Your business and your billing has to deal with multiple software and tools for the best results. A billing automation software must be adaptable to other workflows, such as add-ons and tools. It should be compatible and help you streamline the comprehensive workflow by working in synchronization with all the other essential tools and softwares.

● Adherence with security

The security policies of the market and the sector revise and updated each year. Good software for automated billing stays in compliance with the different policies across the globe.

They've never failed to meet the security and compliance guidelines and, thus, reduce the stress of adhering to the rules for you. They provide the utmost data security to your customers and does, help you gain their faith as well.

Benefits Of Automated Billing Software Mentioned below are the essential benefits that automated billing software provides to its customers.

● Consistency

Automated billing software encourages consistency by promoting timely payments as the invoices and bills are generated and provided to the clients in a timely manner.

● Efficiency

With automated billing software, you can cut down on your administrative staff and create a more efficient and paperless office and billing digitally. It helps you in a minute the time-consuming nature of manual billing and invoicing.

● Dunning Feature

The dunning feature of the billing automation softwares sends notifications to the customers regarding expired or declined cards so that you do not end up spending a lot of time chasing down valid payment details.

● Accuracy

Humans often make errors and mistakes in billing and invoicing, which can cause your customer to be upset. However, with automated billing software, you can reduce the incidence of human error and generate reports and incorrect billing information.

● Management of Data

Billing automation software also works as a database to store all your data regarding your new customers and their accounts, billing, usage, etc., at a central location.

● Compliance

With the billing software, you can be stress-free in complying with the generally accepted accounting principles, especially regarding revenue recognition.

Essential Features Of Automated Billing Software Let us now have a look at the essential features of automated billing software that make it worth using.

● Simplicity

The main goal of having automated billing software is to eliminate the need for an accountant. With the billing software, any person can conduct billing and invoice without expertise.

Thus billing software is simple and keeps the billing process streamlined for you so you can handle all the transactions easily.

● Usability

Automated billing software is easy to use and navigate. Its user interface is intuitive, and it comes with many features that can be customized according to your needs. It enhances your comfort level with billing and invoicing and helps you choose the layout and functionality you prefer.

● Functionality

If you work with multiple plans, add-ons, subscriptions, or coupons in your business, this feature is highly beneficial. With automated billing software, you can ensure that the changes in your business and billing or implemented quickly and frequently.

● Reporting

Having automated billing software also eliminates the need for different software to generate metrics essential for the business. With in-depth reporting, you can determine the health of your business.

Thus, billing software provides you with revenue reports such as MRR, churn rate, lifetime value, Active subscriptions, cancellations, upgrades, downgrades, etc.

● Customization

You can customize automated billing software according to your requirements to check each subscriber’s status. You can also customize your billing amounts and the billing period to meet each customer's billing requirements.

● Fraud Protection

Billing and invoicing is a step that involves the sensitive information of the customers, such as their credit card/debit card numbers, etc. With the help of automated billing software, you can detect fraud and block fraudulent transactions to assist your customers. This gives you and your customers peace of mind and enhances their trust in your business.

● Support

Having an billing automation software is like having 24x7 support from experts. You can contact the experts in cases of queries anytime through a phone, chat, or email, or get access to multiple sources of information such as onboarding documentation, video tutorials, articles, developer tips, etc.

Steps To Automate Billing Systems Read on to learn the five steps that will help you automate your billing systems.

Find Billing Automation Software

This is the first and foremost step in automating your bidding process. You must find good software with all the essential features mentioned above in the article. Next, you should identify your needs and choose software that matches your requirements.

With good software, you can quickly automate your billing process with suitable software and eliminate the complexities. You can also take a free trial of the software, if possible, before making it final.

Set Up Electronic Invoicing

Sending invoices on paper can cost a lot. Manual invoicing impacts revenue by causing revenue leakage due to human error. Automated invoicing, on the other hand, automated invoicing ensures that the customers are built accurately and helps in shortening the invoice-to-cash cycle.

Thus you should set up electronic invoicing while automating your billing system. This can help you save the time that is instead spent on generating mailing and tracking paper invoices.

Schedule Billing Reminders

Untitled design - 2022-10-20T185843.593.png In the next step, you should create an effective payment reminder process. The customers might forget to pay on time, and it is your duty to remind them of the upcoming payments. This you can do through email or your application.

4 Launch a Customer Payment Portal

You can create a self-service portal for your customers through which they can make online payments. With these portals, customers can easily pay bills, monitor balances, update their information, or manage subscriptions.

This simplifies the customer experience and facilitates on-time payment. Billsby plays a vital role in automating the billing process of businesses by providing users with a simplified billing experience.

Create Reporting Dashboard

Reporting is challenging and takes time without billing automation software. However, by implementing billing automation software, you can set up an intelligent dashboard to monitor the essential KPIs and consumer data and get valuable insights for business growth.

Final Words

Talk to the experts at Billsby today to understand how an efficient automated billing system can help you streamline the billing function of your recurring business.

Provide more efficiency and reliability to your customers by offering them an easy and simple way of making recurring payments online along with multiple payment options, accurate invoicing, and regular notifications. Bear the benefits of an billing automation software with Billsby. Join today.

Source- Streamline billing with automated software for growing businesses. Save time, improve efficiency & boost revenue. Discover the essence of automation now.

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Make Recurring Payments Effortless with UPI

Recurring collections like rent, subscription, or tuition fees can be automated via sprintNXT’s UPI API. Set it once and let the system handle timely collections securely and reliably. #AutomatedBilling #RecurringPayments #SmartFinance #FintechAutomation #sprintNXT