Dan
Small businesses wait an average of 22 days to be paid. In times of economic uncertainty it's important to speed this wait time up as much as possible, while also making sure every quote and invoice in accurate. Profit slipping through the cracks could be difference between the red and the black.
To avoid delays and mistakes, use Fergus supplier integrations to automate your invoicing for suppliers like Mitre 10 - a our new integration partner
Read on to find how to using supplier invoice imports can help you to invoice speed and accuracy in your invoicing:
1. Stop losing out on profits because of mistakes
If you find yourself struggling to remember which job a cost should be assigned to, misplacing receipts or invoices, or mistakenly inputting incorrect figures on your customer invoices, it can have a significant impact on your profits. However, with the help of invoice imports, you can extract the information directly from your invoices and easily match each line item to the appropriate job.
“I'd hate to think of how many invoices got blown away in the wind onsite and were never ever billed out to the customer.” Rick, Malady Electrical
2. Uncover differences between projected and actual expenses
By importing the precise cost from your suppliers, you can effectively analyse and contrast the variance between the amount stated in the initial quote or estimate and the actual expenses incurred for materials. This enables you to pinpoint specific areas where you can potentially enhance the markups applied to materials on your quotes or estimates.
3. Reclaim your time
Simplifying your invoicing process saves you precious time that would otherwise be wasted on manually inputting supplier information and assigning it to specific jobs. This mundane and time-consuming task is the last thing you want to be dealing with after a hectic day or week.
“Everything goes through Fergus. They’ve all got the Fergus app on their phone and all of our (supplier) invoices get attached to the job. That then makes my life easier when it comes time to sending invoices.” Andrew, Watersmith Plumbing
4. Stay ahead of your budget by keeping a constant eye on your job expenses with live monitoring
Avoid the disappointment of discovering a job has gone over budget at the end. Be proactive and identify any issues early on, allowing you to take necessary measures with your customers.
Try the Fergus invoice import integration with 100+ suppliers
Simplify your invoicing process by removing the need for manual data entry. Job management software is designed to help streamline the way you work, saving you time and making you more money. Try Fergus for FREE for 14 days to find out how it can transform the way you work.
