8 Ways In which Adopting Electronic Invoicing Can Significantly Impact Your Practice and The Way You Care For Your Clients

When it comes to working as a solo practitioner, it can often feel as though you are running a one-person army. Besides the client treatment itself, the multitude of tasks to be completed around the business can become far too much for one person to handle. However, few solo practitioners can afford to take on extra help in the form of employees. That’s where CompanyOn comes in!

We at CompanyOn take advantage of the latest cutting-edge technology in order to bring you, our customer, the very best business services possible. These services are designed to take the workload away from you, freeing you up to concentrate on the important stuff, client care.

Invoicing is an integral part of any solo practitioner clinic, however, there is no reason why you should be investing hours of your own precious time in it or investing funds that you may not have at hand to pay someone else to keep track of your financials.

Our electronic invoicing processing is specifically crafted to thrive in small-to-medium-sized businesses. The faster your business invoice processing and cash flow management is, the faster the inflow of business revenues.

Manual paper-based invoices face lots of challenges that adversely affect the business in the long run. Invoice automation solves the inefficiencies caused by human error and increases productivity while promoting better billing processing for your clients.

Following are 8 ways CompanyOn’s electronic billing process benefits your business

1. Time Savings
An automated billing processing system reduces time, effort, and costs. With a click of a button, CompanyOn automatically creates an invoice for your service, either prior to or right after your service is provided.

2. Risk Management
Automation helps reduce processing times while helping you keep track of all transactions. You can focus on more important matters regarding your practice and patient engagement while outsourcing through automation the invoicing processing. Additionally, reports created through this automation helps you monitor discrepancies during the whole billing processing.

3. Tax compliance and reporting
Electronic billing saves your business time and works when complying with tax requirements. Tracking all expenses, income, or missing invoices are completely preventable.

4. Avoid human entry errors
Tracking invoice payments takes time, focus, and a lot of work. More so, when relying on paper-based invoice payments. A simple mistake can completely derail the work done and waste precious time you don’t even have.

5. Improved cash flow
Electronic billing processing helps your business control and create accurate reports of all transactions. Improving workflows and speeding up the payment processing

6. Customized billing
An automated billing process helps you customize your payments in a manner that best suits the practice needs and that of your clients. You can invoice directly to your clients or third parties if required.

7. Improve communication with clients
Automated invoices allow your practice and your clients to be on the same page when it comes to getting paid for your services. Your clients can either confirm, dispute, or seek clarification on an invoice in real-time.

8. Automated receipt tracking for accurate follow-ups
Electronic billing helps your business when it is time to account for all transactions.

With CompanyOn, you can customize the invoicing process to suit your individual needs to ensure that your business runs like a well-oiled machine. With professional-looking proposals, estimates, scheduling, business profiles, and more, your clients will be blown away by your capabilities!

To learn more about these benefits and many more, sign up for your free trial or book a demo. Don’t just take us at our word with regards to these many benefits either, have a look through our positive customer testimonials online to see how our services can improve your solo practitioner business today!

With CompanyOn by your side, business really is that simple.