TrackPayOut - Online Payment Collection Software
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 r...