How to collect payment faster for SME operations in UAE?
Hylobiz believes in growing together and foresees a future where SME businesses in UAE grow with us.
Connected banking and connected ERP on Hylobiz
· You can link your existing bank account with Hylobiz seamlessly
· Hylobiz is in partnership with multiple banks and NBFCs
· You can link your existing ERP/ accounting software with Hylobiz
· Hylobiz is pre integrated with multiple ERP partners
The connected ERP feature enables you to get real time view of cash flow. The connected banking ensures quick settlement and automated reconciliation on realtime.
How to collect payments faster?
1. Connect better with your clients.
With the Hylobiz, you can create and send invoices to right person. You can send out professional reminders. The chat inbox on mobile app (Download the app: Android and Apple store) allows you to communicate better through the text suggestions. The email templates allow you to professionally communicate with your clients.
2. Automate the invoicing system and send out invoices without a delay.
a. Create 3 types of invoices
· Proforma invoice
· Sales invoice
· Final invoice
b. upload invoices in just few clicks
c. send branded invoices through WhatsApp, SMS, Hylo chat and Email to get paid in instalments or in full
3. Monitor receivables in real-time.
The status of receivables and payables is tracked well and displayed with the help of business health score real time dashboard and automated reports on the Hylobiz platform. Even when a cash/ cheque transaction is done, the buyer can make an entry on the platform with the correct amount paid to you which would be visible to you on real time basis.
4. Automate the collections.
Attach payment links with Hylobiz and get paid through multiple modes like cash/cheque/Net Banking/ RTGS/ NEFT/ UPI. The static payment links have made collection of fixed amounts easy and faster from multiple customers and at regular intervals.
5. Offer early payment discounts.
To speed up the collections, you may offer discounts for early payments. Be flexible and work with your clients to get difficulties resolved.
6. Review your strategy.
The operational process needs to be updated periodically.
Hylobiz offers easy subscription at Nil set up fee, NIL integration, NIL monthly cost.
Contact for a free demo.
Connect with us at email@example.com.
Read the originally published here : https://hylo.biz/connected-banking-with-hylobiz-how-to-collect-payment-faster-for-sme-operations-in-uae/