Most small businesses know the struggle of managing their cash flow when customers are delinquent on their invoice payments. This can greatly affect business, especially if there’s not a lot of cash in the bank or if the company is fairly new.
InvoiceSherpa is a great tool that helps businesses manage their accounts receivable to get paid faster. The add-on seamlessly integrates with Xero and is able to pull the invoices that are still outstanding. Using features such as automatic reminders and integrated payment, InvoiceSherpa simplifies the process of collecting payment and communicating with customers.
Through InvoiceSherpa, you can send e-mails, text messages, and even live phone calls to your customers to kindly remind them about their outstanding balance. InvoiceSherpa also allows you to create a schedule that will automatically send out fully customizable invoice reminders at intervals of your choosing. So, you can set up reminders to send 3 days after the invoice is overdue, then again at 7 days.
InvoiceSherpa makes it a breeze for customers to log in to their own “Customer Portal” where they can view all of their invoices and make payments. The platform also has integrations with most of the major payment gateways, such as Paypal, Stripe, and Authorize.NET, so the customer can make a payment online.
For those small businesses that are having a hard time collecting payment on time or want to more efficiently handle their receivables, InvoiceSherpa can be a great solution to help do so with features such as their email/text reminders and the online portal for customers to pay on time.