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How Important Is Invoicing In Modern On-hire Agency Business
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What could possibly be more important than payroll for a company? Well obviously this would be invoicing! Because where payroll is money going out of the company, invoicing is money going in and for an on-hire business the money coming is incredibly critical. This is because for an On-hire agency business the volume of revenue is much higher than the actual profits, simply because the bulk of expenses are the wages of the on-hire, casual staff. Now it does vary by industry such as Healthcare, hospitality, construction or education etc. but nearly all casual staff expect to paid at least fortnightly or often weekly. When you consider that agency clients like hospitals and schools generally only pay by monthly or even 3 monthly terms which means the money coming in can sometimes fall behind the money going out. This is why you need an invoicing system that is 100% accurate, reliable and efficient to ensure nothing delays the invoice receipt process. Luckily, this is what entireHR finance invoicing was designed to do!
entireHR finance invoicing does just that, by putting key checkpoints in the system and automating it so your invoicing offer doesn’t have to waste time anything that should be quickly confirmed. At the same time the process flags irregularities with any shift or timesheet that doesn’t fit the normal status quo for your business. This is super handy in quickly resolving possible issues before they appear and keeping everything business as usual for your clients and reduces both time pressure and stress on your financial staff. This improvements in process efficiency will save both time and money, key strengths of the entireHR financial invoicing solution. Generating invoices is one of the biggest timesavers here as every rate in the entireHR system is applied automatically, already populated from the data you set up when you first set up your entireHR pay and invoicing rates. This obviously makes a manual process automatic, which is one of the beauties of entireHR finance which is useful for every business.
Invoices also generate and filed information automatically directly from client details, making sending the actual invoices a breeze. Thanks the power of cloud technology every invoice is always stored for important, accountable record keeping. Importantly logos and customisations can be made to the invoices themselves, meaning your brand always stays at the front of the clients mind in a professional manner. This is extremely important as clients can be quite demanding with their expectations for how they are charged and this doesn’t always match up with the information that you want to show to the client. This is why invoicing is separate to the payroll and the control and authority is always in the hands of your internal staff. Professional invoicing systems like entireHR will keep your company one step ahead of the competition and impress your clients, winning you more future clients and improving your bottom line through improved business processes and more productive staff.
About the Author:
Entire Software is the Best HR Software for recruitment process, to booking shifts, payroll, invoicing and finance. Please contact for On-Hire HR Software solution designed for small and medium sized businesses.
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