You can then start making more informed strategic decisions and continue the growth of your organization.ĥ.
Look up an invoice and check its status.įinally, the information gathered by your accounting module can reveal new insights.It is therefore essential to ensure that every invoice in your system is automatically generated and sent.Īnother major benefit of automating invoicing is that it becomes easier to keep a paper trail of the various incoming financial transactions. Errors and delays pose a significant threat to nonprofit organizations, which are often already struggling with limited budgets. The fact is that invoicing errors can result in late payments. This can create a domino effect that is detrimental to the health of the organization. Between copy and pasting and data entry, it is natural for errors to creep into the invoicing process. Why pay that price when automating this task can do the same work, at a lower cost?Īs humans, we are prone to making mistakes. In short, on average, each invoice costs nearly $7 to process. This includes:Īccording to Glassdoor, an accountant, who is responsible for processing invoices, earns an average of $43,000 per year, or about $21.50 per hour.
Free invoicing software nonprofits how to#
According to Klippa in his article on " How to calculate the ROI on your accounts payable automation investment", the average accounting employee is able to process 5 manual invoices per hour, at 12 minutes per invoice. Reducing the time your team spends on invoicing reduces labor costs or allows them to perform higher value tasks. Time isn't the only thing you'll save by switching to automated invoicing. In short, automated invoice processing is good for your bottom line. Improved member and employee productivity helps reduce overhead costs and increase the organization's revenue. Automating these tasks ensures faster processing of invoices and reduces the time your team spends on invoices!īy using an all-in-one payment and management platform for NPOs like Yapla, invoices are automatically generated and sent out immediately upon receipt of a payment. Generating and sending invoices manually can sometimes take several days. Reduce the time it takes to generate and send invoices Why should you automate your billing process? Let's delve in and discoverġ. However, some NPOs have found and adopted the right solution: they have automated this process! Fortunately, automation can help you solve this problem!Įditing and sending invoices is still a real challenge for many organizations because of the large volume to process, the risk of manual errors and the high operational costs. Regardless of the size or activity of your organization, processing invoices is often time-consuming, costly and exhausting. We know how much of a headache invoice management can be.
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