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Measure the right metrics with Grandco E-Invoicing

Measure the right metrics with Grandco E-Invoicing

The six most important business metrics are:

  • Sales Revenue
  • Net Profit Margin
  • Gross Margin
  • Sales Growth Year-to-date
  • Cost of Customer Acquisition
  • Customer Loyalty and Retention

Clients perceptions when it comes to paying Invoices Online

Recently on the forums, Grandco took a survey of why clients may want to pay for your services with a credit card.

Well, there’s a flip site to that: clients who are afraid to pay invoices online.

Lots of case studies shows the result of that people willing to use debit and credit cards to pay for things.

However, there are still some the public who pursue desire for entering sensitive information online is dangerous.

Let them know that offline payments aren’t necessarily more secure.

The main objective a client will likely have against paying invoices online is feeling like it’s not safe. While cyber fraud is an issue, it’s not the only form of getting payment information. The reality is paper checks and statements can get stolen from the mail;this is a Problem for Business Owners

As a business owner, one of your main concerns is fund flow. One of the ways to improve cash flow is by creating another easier way for customers to pay you, usually in the form of having clients pay invoices online.

If a client doesn’t want to pay an invoice online, you run the risk of reduced cash flow because chances are you’ll have to wait for a check.

Even worse, what happens if the accounting department is behind? No one has time to wait two months for a check.

That’s why, as a business owner, you need to do the best you can in getting your clients to pay invoices online. Will all of them do it?Probably not. Some may have specific policies they need to adhere to. But, you need to get as many as possible to pay you online. Here’s how to convince clients to start paying their invoices online so you can get your money faster and more efficiently.

Choose a payment processor with the right security measures.

Another way to calm your clients’ nerves and get them to pay invoices online is to choose a payment processor with tight security measures.

In addition, Grandco E-Invoicing uses 256-bit SSL encryption and certification from security leaders like Norton and VeriSign. This adds another layer of security so your clients can feel at peace when they pay invoices online.

We are constantly integrating our software with many third party applications. Contact us for a free, no obligation discussion on how we can integrate our software and help your business succeed.

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