6 Advantages of Using an E-Invoice for Your Local Business

Sending invoices is now easier than ever. Local businesses have recognized how automated invoicing has streamlined the process, and as a result, we’ve witnessed an increase in the number of online and in-app invoicing solutions. 

The digital invoicing market expects an 80% growth rate by 2027. More and more businesses are switching to electronic invoice solutions that let them create simple and error-free invoices. Even better, you only have to make a template, change the amount due each time from your phone or laptop and send invoices to customers in seconds—from anywhere in the world!

Still not convinced you want an e-invoice feature? You will be after reading this. Here are 6 more advantages of using e-invoices for local businesses.

Helps You to Get Paid on Time 

Sending e-invoices can help avoid late payments because they include:

• Date of issue
• Business name and contact details
• Breakdown of product or service
• The total amount due

E-invoices elevate the process because you can easily include a payment link. With all this information, there’s no excuse for your customer not to pay. If they have any questions, they’ve got all the details necessary to get in touch, and you can respond immediately as the whole transaction is online. The process is streamlined, saving you the tedious task of manually chasing outstanding payments owed to you.

Keeps You Organized 

Keeping an organized record of the invoices you send is key to staying on top of your finances. The problem is that manually entering data takes up valuable time. Not to mention, it makes room for human error. 

E-invoices are an easier way to keep an eye on your payments, pending or otherwise. With an online invoicing system, your employees are freed up from the task of updating paperwork. They can focus on more important projects—making your business process all the more efficient. 

Handy in Legal Situations

To start, you’re not legally obligated to send invoices. Issuing invoices is primarily a way to keep track of and receive payments. They can also protect you in the event of a dispute.

If you find yourself in a sticky situation where a customer doesn’t pay despite multiple attempts on your end, an invoice acts as legal proof of an agreed service carried out. It can therefore be evidence should you decide to take further legal action. 

Keeps Things Professional

A well-designed invoice presents your local business as credible. It builds trust between you and your customers, showing them that you’re a pro—not just a random person on the internet who decided to go into the industry and called it a day.

Branding Bonus

Every time you and your customers communicate, the exchange becomes part of their customer experience with your business. Receiving an e-invoice is no exception. That’s why it’s important not to skimp on the process. A properly put-together invoice reflects how you want your business to be perceived, and it’s also a chance for you to show off your branding. 

When making a template, pick a layout and typography that embody your brand. Most importantly, adding your logo is a must. Remember, a professionally designed invoice is an opportunity to stand out among your competitors. Something a lot of local businesses tend to overlook. 

Convenient for You and Your Customers

We’ve established how sending e-invoices helps your business, but did you know that invoices also benefit your customers? You may not think of sending an invoice as part of good customer service, but let us tell you, giving your customers the option to pay you when it's convenient for them is a great way to keep customers happy. 

In addition, a professional invoice containing all the necessary information detailing what was purchased, when, and if there are late fees can be very helpful as your customers can keep track of their finances. 

Want to try invoicing software for yourself? With GoSite’s Invoice tool, you can generate and send electronic invoices from your phone or desktop with a push of a button. Get paid on time, keep track of your payments, experience the convenience of e-invoice, and more!

GoSite can help your business grow in so many ways, all in one friendly dashboard. Ready to dive in? Start a free trial. Prefer a conversation? Book a demo.