Streamlines Payment Collection for Service Businesses: Introducing AutoCollect by Ignition
Slimming Down Late Payments with Ignition's AutoCollect
It's high time we quash the nuisance of late payments for good, and one service that's ready to play a significant role in this mission is Ignition. This revenue and billing automation platform have just launched their savvy feature, AutoCollect, with the intent of eradicating late payments for service-based businesses and enhancing overall cash flow. So, how does this baby work, and why should you care? Let's dive in!
AutoCollect is similar to a superhero sidekick for your business, training hard to help service-based businesses like yours dodge the bullet of late payments. Here's how:
- Automated Import of Unpaid Invoices: It's like a magic wand, whisking unpaid invoices from your accounting software - QuickBooks Online or Xero - straight into Ignition, erasing the need for manual data entry.
- Bulk Client Invitations: This feature allows you to extend a round-robin invitation to your clients in one swift move, beckoning them to bless your unpaid invoices with expeditious payment through a secure, user-friendly online portal.
- Pre-Saved Payment Methods: With this feature, clients can park their preferred payment methods like a well-rehearsed stage act, making the payment process more agile and undeterred by zombie accounts.
- Automated Collections for Future Invoices: Embrace the notion of a self-propelled revenue collector, with AutoCollect taking care of packing and mailing the invoices for future projects, ensuring the flow continues uninterrupted.
A study by Ignition concluded that more than half of small businesses in the US struggle with tardy payments, and the situation is particularly dire in some sectors. This is where AutoCollect steps in, bravely tackling these challenges head-on.
Jack Colvin, Counting Clouds' resident expert, puts it perfectly: "Ignition has transformed the way we corral overdue invoices and collect payments, allowing us to collect our token quite promptly. The enhanced ability to dispatch payment requests en masse has significantly shifted the game in our favor, all while offering a unified view of all payments, making us feel superhero-ish!"
Ignition's umbrage against tardy payments runs deep. As Greg Strickland, their illustrious CEO, explains: "The relentless cycle of service-based businesses haggling on agreements only to repeat the same dance for payment is a thing of the past. Our battle cry is to see late payments vanish completely and help you reclaim your cash flow with AutoCollect being the future piece of the puzzle in securing financial stability."
With AutoCollect's revitalizing influence, Ignition aims to streamline payment processes, thus enabling you to focus more on your sweet, paying customers and growing your empire. AutoCollect empowers businesses to optimize their cash flow cycles by:
- Minimizing late payments through automation
- Reducing administrative burdens related to manual payment chasing
- Speeding up the collections process through a synced accounting software and a smooth online payment portal[1]
According to Ignition, nearly 91% of payments collected through their platform have been achieved with minimal human interference, showcasing the efficacy of innovations like AutoCollect in annihilating accounts receivable delays for expert services and small businesses[1].
AutoCollect, a feature of Ignition's revenue and billing automation platform, functions as a beneficial ally for small-business owners, aiming to eradicate late payments and improve cash flow by streamlining the payment process. It does so by automating the import of unpaid invoices, facilitating bulk client invitations, saving client payment methods, and managing automated collections for future invoices. By utilizing AutoCollect, service-based businesses can optimize their cash flow cycles, reduce administrative burdens, and minimize late payments.
