Invoiced

What is Invoiced?

Invoiced is a specialized Accounts Receivable Software developed by Flywire, designed to streamline and automate the entire invoice-to-cash lifecycle for businesses. It serves as a comprehensive platform that eliminates the complexities of managing B2B transactions by automating manual A/R processes, accelerating payment collections, and providing powerful financial insights. The software focuses on reducing the friction in getting paid, helping finance teams save significant time and effort while improving overall cash flow.

The core function of Invoiced is to connect buyers and sellers through a seamless digital environment. By leveraging automation and AI-powered tools, it tackles common A/R challenges such as delayed payments, manual follow-ups, and reconciliation errors, offering a robust solution for businesses at any stage of growth.

Why Choose Invoiced?

• Accelerate Cash Flow: By automating reminders, offering convenient payment options, and streamlining collections, Invoiced helps reduce the time it takes to get paid, directly improving your company's cash position.
• Reduce Manual Workload: The software's powerful automation features handle repetitive tasks like sending invoices, following up on late payments, and reconciling accounts. This frees up your accounting team to focus on more strategic, high-value activities.
• Enhance Customer Experience: Invoiced provides a professional and easy-to-use portal for your clients to view, manage, and pay their invoices. This transparency and convenience lead to better client relationships and faster payments.
• Gain Peace of Mind: With customizable workflows and accurate forecasting tools, you gain greater control and visibility over your receivables. As one user noted, It saves us time, gives us peace of mind, and allows us to focus on more urgent matters.

Advanced Features of Invoiced

• AI-Powered Reconciliation: Automatically matches payments to invoices with high accuracy, significantly reducing the manual effort required for account reconciliation.
• Customizable Workflows: Create and automate unique workflows for different customer segments, invoice types, or collection stages, ensuring the right actions are taken at the right time.
• Automated Collections: Set up automated email and payment reminders based on your own schedule and templates to gently nudge clients and reduce overdue invoices.
• Integrated Payment Portal: Offer customers a seamless payment experience with a built-in portal that supports various payment methods, making it fast and easy for them to pay.
• Cash Flow Forecasting: Utilize powerful analytics and reporting tools to generate accurate cash flow forecasts, helping you make more informed business decisions.
• Simplified Approvals: Streamline internal invoice approval processes, ensuring invoices are sent, processed, and approved quickly and accurately.

Modules of Invoiced

• Accounts Receivable Management: The central hub for managing all A/R activities, providing a clear overview of outstanding invoices, customer balances, and payment statuses.
• A/R Automation: This module contains the tools for automating invoicing, collections, reminders, and other manual A/R tasks, forming the core of the platform's efficiency gains.
• Payments: A fully integrated payment processing solution that facilitates fast, secure, and easy payments directly from the invoice or customer portal.
• Analytics: Delivers robust reporting and analytics, offering deep insights into key metrics like Days Sales Outstanding (DSO), collection effectiveness, and future cash flow.
• Integrations: Invoiced seamlessly connects with your existing technology stack, including popular ERP and CRM systems, to ensure data synchronization and a unified workflow.

How to Use Invoiced?

1. Integration & Setup: Begin by connecting Invoiced to your accounting system, ERP, or CRM. This ensures that customer and invoice data flows seamlessly between platforms.
2. Configure Automation Rules: Define your collection strategies by setting up customized workflows. This includes scheduling invoice reminders, late payment notices, and thank-you notes.
3. Onboard Customers: Invite your customers to the online portal where they can view their invoice history, make payments, and manage their account information.
4. Process Payments: Enable the integrated payment options to allow customers to pay invoices directly online via credit card, ACH, or other methods.
5. Monitor & Analyze: Use the analytics dashboard to track key A/R metrics, monitor the performance of your collection efforts, and forecast future cash flow.

Invoiced Pricing

Invoiced pricing details are available on request on techjockey.com.

The pricing model is based on different parameters, including extra features, deployment type, and the total number of users. For further queries related to the product, you can contact our product team and learn more about the pricing and offers.