Cloud accounting or invoicing software
for your debit order collections
The world of cloud accounting and cloud invoicing has many different providers selling many similar, but different, solutions.
Cloud accounting software tends to include both sales invoicing functionality as well as assets, liabilities, and expense transactions.
Cloud invoicing software on the other hand mainly focuses on sales invoicing, payments from customers and overall debtor process.
Direct Debit integrates with SnapBill (a cloud billing and invoicing system) and Xero (a cloud accounting system).
Our integrated solutions allow your business to automate those annoying financial admin tasks and recover hours of wasted time reconciling transactions manually.
Some of the factors to consider when choosing the right solution with your debit order collections:
1. Size of the business
SME’s and large enterprises have quite different business needs. Some solutions will try to address both, others will focus on one over the other. Choose the software that is best tailored to your size, and you are likely to have a much better experience.
Our integration with SnapBill is geared toward both small to large enterprises and each package (Premium to Enterprise) addresses the specific need of the business in terms of customised recurring invoicing, service packages and payments from customers.
Our integration with Xero is tailored to the smaller businesses where invoices and payments are created from debit order submissions directly.
2. Budget and pricing
Usually, you get what you pay for. Free software will save you cash upfront but will most certainly lack the necessary features to ensure automation of tasks or reconciliation is done effectively.
At the other end of the spectrum, there will be cloud accounting or invoicing packages that offer more than what the business needs, costing you more than you need to be paying.
3. Business needs
Tying into the above, it is good to start your search for cloud invoicing and accounting software by considering the size of the business and budget constraints.
Some considerations in terms of business needs:
* What kind of financial and accounting tasks do you need to automate?
* Do you need to send out invoices for your subscription services?
* Do you require a full accounting function or are you looking for advance and/or custom invoicing capabilities?
Once you are clear on these considerations, your search will be easier.
4. Automation requirements
While you cannot expect accounting and invoicing software to cover every aspect of your financial workflow, there are many options available in terms of our SnapBill and Xero integrations that will be worth to consider for your business.
See our integrations for your automation needs below:
The above might seem like a lot of things to consider in terms of the right cloud accounting or invoicing software for your business.
Making the right choice is extremely important for the success of your business, so it is worth dedicating the appropriate time and effort choosing the correct solution.
For more information, please contact us on [email protected].
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