TrackPayOut

 

TrackPayOut

Why Automate to get paid Faster

Automations across the board save you time and money. And time is money for a busy entrepreneur.

But the benefits of automating invoices extend beyond that—especially if cash flow ebbs and flows. Automated invoicing can help you get paid faster. Sample data from 2016 reveals that micro businesses (turnover < Rs10 crore) had a greater burden of delayed payments with median days sales outstanding (DSO) of 79 days, followed by small businesses (turnover < Rs50 crore) at 72 days.

Comparatively, large companies enjoyed much quicker payments at a DSO of 56 days. The construction sector was the worst hit, with micro businesses waiting 180 days to receive payments. In manufacturing, micro businesses had a DSO of 85 days compared to 54 days for large corporate entities.

Plus, automated invoicing means your books are always up-to-date. Access to real-time financial records and reporting is crucial if you’re always on the go. (You’ll really appreciate this during tax time too.) This is why TrackPayOut would be doing your job easy.

Feature of TrackPayOut

Complete dashboard of your all Oustanding Payment,follow up, Invoice payment status & many more.

Payment TrackingSystem

Payment TrackingSoftware

Financial Reportingand Analysis

Online PaymentTracking

Online PaymentCollection

Automated InvoiceProcessing

Invoice ProcessingSoftware

Online PaymentCollection System

 

Comments

Post a Comment

Popular posts from this blog

Automate Your Payment Follow-up With Our TrackPayout Software

  Why Automate to get paid Faster Automations across the board save you time and money. And time is money for a busy entrepreneur. But the benefits of automating invoices extend beyond that — especially if cash flow ebbs and flows. Automated invoicing can help you get paid faster. Sample data from 2016 reveals that micro businesses (turnover < Rs10 crore) had a greater burden of delayed payments with median days sales outstanding (DSO) of 79 days, followed by small businesses (turnover < Rs50 crore) at 72 days. Comparatively, large companies enjoyed much quicker payments at a DSO of 56 days. The construction sector was the worst hit, with micro businesses waiting 180 days to receive payments. In manufacturing, micro businesses had a DSO of 85 days compared to 54 days for large corporate entities. Plus, automated invoicing means your books are always up-to-date. Access to real-time financial records and reporting is crucial if you’re always on the go. (You’ll really appreciate...
Read more

Are you looking for an easy way to manage your accounts receivable? Then check out this Accounts Receivable software!!!!

For any business to run with efficiency, it must not only have a powerful accounting management system but also have a keen understanding of it. At times, as a business, you make sales but are not paid instantly. This is known as accounts receivables . Accounts receivables are recorded as assets within the balance sheet and are treated as current assets. Manually doing accounts receivable management is a cumbersome method and prone to errors. this can be why it's necessary to automatize your accounts receivable management by using accounts receivable automation software. Features within Accounts Receivable Software ·       Accounts receivable software allows you to track customer payments, create invoices, and generate reports on your sales performance. ·       Sends automatic reminders to your customer for all your upcoming payment dues by Invoice or Ledger ·       Analytics with Sales vs Purchase, Receipt vs Payment and many more ·  ...
Read more