Transitioning from paper to digital invoicing can accelerate cash flow, especially for MSMEs with limited accounting resources. Manual invoicing and tracking on paper often lead to lost invoices and payment delays for smaller businesses. However, leveraging digital invoicing solutions from reputable providers can help streamline processes and improve cash flow for MSMEs. Some convenient solutions for MSMEs and MNCs in Indonesia include:
Digital Accounts Receivable Tool (DART) enables automated invoice management on one platform. It allows seamless exchange of billing and payment data with customers and partners, simplifying reconciliation. DART provides unique tracking IDs to manage receivables more efficiently.
Omni payment processing meets the need for convenient digital invoicing and payment. It offers versatile options to issue invoices via email, WhatsApp and more. Omni Collect also allows payments through credit cards, e-wallets, and cash. Moreover, you can monitor transactions wuth business partners in real-time.
Accounts Receivable Re-discounting
Digitizing invoice delivery addresses only part of the cash flow process. The next step is leveraging receivables financing to accelerate monetization of the invoices you issue. Receivables financing solution can accelerate cash inflow in a few key ways:
- Immediate funding against outstanding invoices (up to 90%)
- Discounted purchase of receivables for immediate access to value
- Customized factoring solutions tailored to your industry
Integrated receivables solutions like ARR complement digital invoicing by providing early invoice discounting and factoring. This unlocks working capital tied up in accounts receivable quickly. The end-to-end approach optimizes speed of delivery and collection, cash flow visibility, and funding. Streamlining invoicing and payments using integrated systems is the future of cash flow management.