How Payment Links can Automate Invoice Collections of Businesses?
The payment links can be used for collecting pending amounts and can initiate immediate collections. Try Hylobiz to get paid via multiple payment modes.
Your business's cash flow gets badly impacted if your company’s invoice collection gets delayed.
Challenges in the invoice collection process
- Manual invoicing
- Delay in invoicing
- Difficulty to remember the due dates
- Chasing for invoices
- Difficult to track payment collections
- Handling multiple ERPs and accounts
- Manual reconciliation
- Difficulty in sending out reminders
- Distant collections
- Limited mode of payments
Businesses across all verticals and industries can boost invoice collections with Hylobiz.
Automate invoice collections, the Hylobiz way
Hylobiz, an ISO-certified fintech, is a disruptor in the fintech and financial space. We are serving the B2B value chain and are currently operational in India, UAE, and Oman. We would soon launch in the US market.
The platform allows you to
- Create an invoice
- Upload invoices/bills from the existing accounting system
- Automated reconciliation
- Digital ledger
- Automated reports
- Integrated payment gateway
- Real-time dashboard
- e-Way bill and einvoice compliance
Payment links can boost invoice collections
The payment links enable quick contactless payment collections instantly and help you get relieved of manual chases and difficult distant collections.
Step1: Generate payment links
Step2: Send payment links to customers via SMS/Email/WhatsApp
Step3: Get paid immediately
Read more about this Blog here: https://hylo.biz/how-payment-links-automate-invoice-collection/