5 Benefits of Online Payment Portals

Online payment portals make your life easier.

It’s surprising to hear how many businesses today are still manually generating their customer invoices and using outdated billing software in the wake of the COVID-19 pandemic. Many of these organizations are realizing the importance of switching to more digital methods.

There are more efficient ways to create invoices and keep track of their latest financial information.

In today’s competitive market, businesses must team up with a tech-focused payment solutions provider. BillingTree can offer online billing solutions that deliver an enhanced customer experience, a reduction in operational costs, and quicker payments.

Here are just a few of the key benefits of using an online payment portal to power your payment needs.

Top 5 Benefits

Automation 

With online bill pay, there is never a need to second-guess totals. Businesses can reduce their overhead by saving valuable staff time by eliminating the need for manual calculation and entry. You also reduce the chance of human error.

Mobility

Billing customers online gives businesses accessibility anytime and from anywhere, regardless of your business hours. Also, companies can email an invoice the moment a job or service is complete, as well as access valuable reports in real-time, even when traveling. Your customers can use their phones to handle their bills effortlessly.

On-time Payments

Online billing gives companies the ability to email clients reminder notices before an invoice being due. These “friendly” reminders can improve the chances of being paid on time, accelerating overall funding.

Real-time Reporting

Each time a payable or receivable is entered in a company’s system, a corresponding financial report is automatically updated. This ensures all reports are current and as accurate as possible, and always available whenever necessary.

Eco-friendly

Most companies that do not bill clients online end up printing numerous copies of each invoice for their files. They also send their customers a separate copy via snail mail. Billing clients online securely stores the information from each invoice online, so there is never a need to print a paper copy. You also save money on paper, envelopes, and stamps.

Takeaways

Don’t know where to start? At BillingTree, we can help steer you in the right direction when it comes to your company’s online billing needs. We are a leading tech-focused, payment solutions provider that partners with leaders in online billing to offer innovative, card-not-present payment solutions to make processing payments easier.