A healthy cash flow is essential for a healthy business!
“I’ll gladly pay you Tuesday for a hamburger today.” If you have watched the old cartoon Popeye the Sailor Man, you probably heard this famous quote from Wimpy. Wimpy never had money to pay for the hamburgers he loved to eat and always wanted to pay later. If he did pay on Tuesdays, the company probably stayed in business. However, most businesses usually want the money sooner than later for the services and products they sell.
Of all of the elements involved in running a business, a healthy cash flow is a requirement. Therefore, making it a high priority and having a plan to ensure your company has a healthy cash flow is necessary.
While there are many books and articles on how to have a healthy cash flow, we will focus on one aspect of a healthy cash flow - investing in the right technology to automate and simplify processes in your business to receive customer payments as soon as possible.
Technology leads to a healthier cash flow by:
1. Send invoices immediately
2. Accounts Receivables and Collection Reports
3. Make it easier for customers to pay outstanding balances immediately
4. Automatic payments
How can Scribble Software solutions help you with cash flow?
1-Send Invoices Immediately
The MARINAGO Office cloud solution can email or text customers after creating invoices.
No more having to print invoices, stuff them in envelopes, add postage, seal, mail, and hope the customers pay the outstanding invoices promptly! Get the invoices to them immediately and receive payments quickly.
2-Accounts Receivables and Collections Reports
Your managers can access accounts receivable and collections reports from the accounting platform. Reviewing your collection reports in the accounting platform at least once or twice a month and taking steps to collect outstanding balances will help your company receive payments due faster.
3-Make it easier for customers to pay outstanding balances immediately
Online Payments – Customers can sign in and make online payments via MARINAGO Office Customer Portal or MARIAH Online Bill Pay.
They don’t have to call and ask you to resend the invoice. Then, find their checkbook, write a check, put it in an envelope, add postage, and mail it anymore! This process could take weeks for your business to receive the outstanding payment.
Within minutes they can sign in, view their invoices with outstanding balances and pay them online. It’s that easy!
Instant Pay is another feature offered by MARINAGO Office cloud solutions. Your customers will immediately receive a text or email with a link to the invoice and can pay the balance online immediately!
4-Recurring Invoices and Payments
Automatic payments are processed and applied to recurring invoices when they are created. Whether you are using MarinaOffice desktop solutions or MARINAGO Office cloud solutions, creating monthly, quarterly, annual, and other recurring invoices and payments, Scribble Software’s solutions will create the invoices, process the payments, and apply the payments for you. No more waiting for payments! Payments are processed immediately!
Scribble Software’s Solutions can help with cash flow:
**Feature only available with MarinaOffice Desktop with MeetMARIAH Online Bill Pay subscription.
Stop wasting money and time with manual processes or an outdated system! Invest in your business today by automating these processes with Scribble Software solutions, saving time and money exponentially.
Use technology to automate and simplify invoicing and payment processes in your business to receive customer payments as soon as possible!
We are here to help you choose the right solution for your business needs, whether cloud or desktop. For more information on all our products, check out our website and give us a call today!
Please check our blog and social media in the previous and coming weeks for specific details on how Scribble Software’s solutions help your team streamline particular business processes, including reservations, fuel purchases, and more!
Contact our Sales Team at (804) 427-8100 x7 or email@example.com and learn how Scribble Software’s solutions can help you streamline many processes in your business!