Digital Agency Invoicing – Tips and Tricks for 2016

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Tips and Tricks for Digital Agency Invoicing
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Contents

1. Introduction
2. Cash Flow Management
3. Recurring Invoicing and Auto-Billing
4. Focusing on Core Business
5. Integrated Time Tracking
6. Integrated Expense Management
7. Customized Invoicing

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Introduction

• Digital is the buzzword in the agency business
  and this has led to the emergence of a large
  number of agencies across the globe. There is a
  high level of demand for such agencies, ensuring
  that they are growing at a fast pace too.
  Research suggests, that digital agencies will
  continue to grow at a healthy pace over the next
  5-10 years.
• The key focus of every digital agency is client
  retention. Ensuring that the client is completely
  satisfied, and not looking for an alternative, is
  the key to digital agency success. The latest
  trends in the digital agency business include
  platform creation, data analytic and Internet of
  Things. Helping clients, create a digital brand
  is the key focus for every digital agency. Here
  are some digital agency invoicing tips and tricks
  for 2016

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Cash Flow Management

• This is a crucial area where every digital agency
  must focus. An agency has to ensure that every
  client is clearing each invoice on time. This is
  very important to pay salaries on time and
  sustain the business in the long run. Ensuring
  that one is working with the right set of
  clients, who are making on-time payments, is
  crucial.
• Timely follow up for payments and automatic
  payment reminders are useful in making sure
  payments are flowing in, on-time. Adding an
  interest penalty or a late fee is crucial to
  receive timely payments. One should also ensure
  that invoices are sent in a timely manner, so the
  client can process the invoices, faster.

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Recurring Invoicing and Auto-Billing

• A useful way to retain agency clients and get
  more business, is to set-up recurring invoices.
  This helps in sending out monthly bills to
  clients without creating them manually,
  every-time. Auto-bill profiles can be set up as
  well. These help in sending out bills
  automatically. The payments in this case are
  linked up and transferred automatically, as well.
  Automated billing improves the level of client
  satisfaction and ensures client retention and
  faster payments.
• One can improve the services to the client by
  customizing the invoice according to client
  requirements.

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Focusing On The Core Business

• It is crucial for every business to have an
  online invoicing solution, that does all the hard
  work as far as online invoicing and payments in
  concerned. Staff members can be trained to use
  such a solution, to get on-time payments for the
  invoices generated.
• This helps in focussing on strategic and creative
  aspects of the business and providing
  satisfactory services to the client. Sending out
  paperless bills to clients ensures cost savings
  and managerial efficiency for the business.

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Integrated Time Tracking

• This is an extremely important aspect of digital
  agency invoicing. Sharing detailed timesheets
  with the client, along with hourly bills, helps
  the client understand the level of productivity
  achieved by the business. Using an integrated
  time tracking and invoicing solution is helpful
  in sharing timesheets with clients and easily
  converting them to invoices.

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Integrated Expense Management

• Expense management is also one of the most
  crucial aspects of managing digital agency
  invoicing. Recording expenses in an expense
  management solution and directly converting
  billable expenses to invoices, helps in managing
  the process efficiently.
• Expense control becomes easier as well and helps
  in improving the profitability of the business.

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Customized Invoicing

• Many of agency clients are global and need
  invoicing to be done in a particular way or in a
  particular language. One needs a digital agency
  invoicing solution to help such clients with
  their specific requirements. Such solutions also
  provide the option of online payments, with the
  help of multiple choice of payment gateways.
  Invoice templates can be easily customized to
  showcase the brand identity of the agency.
• Additional fields can be added with respect to
  specific taxation requirements of a particular
  country.

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Choose The Right Tool

• Choosing an invoicing solution like Invoicera
  would certainly help a digital agency manage the
  invoicing process more efficiently and receive
  faster payments. Invoicera has got features like
  late fee, automatic payment reminders, integrated
  time tracking and expense management and online
  payments to help a digital agency in all aspects
  of invoicing.

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Get In Touch

• Web www.invoicera.com
• Social
• www.facebook.com/Invoicera
• www.twitter.com/invoicera
• https//www.linkedin.com/company/invoicera-invoici
  ng-simplified
• Ph (IN) 91-9350204838 (600 am - 1200 midnight
  IST)
• E-Mail marketing_at_invoicera.com

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Thanks You )