January 21, 2020
You're probably starting to come across more and more articles about invoice software and invoice automation.
Accounts receivables is one of those processes in which invoice automation has been proven successful for companies time and time again. There are always myths about new technology, and today we will lay some of those to rest.
"The switch to automation is too difficult!"
It can be tricky to learn a new skill. Unlike the switch to computers decades ago, accounting software designers work hard to make their creations much more intuitive. For an example, if you are more interested in your invoice software’s ability to predict payments and don’t care as much about credit scoring, you can adjust that. Customization is standard so you can keep the tools you want and push aside the ones you don’t. If worry over the switch to automated account receivables software is your main issue with trying invoice automation, pick a company to work with based on their customer support. A great company will have the support staff to handle whatever questions you throw at them.
"I’ve heard cloud storage isn’t secure"
Cloud security is a groundless fear. It is every bit as secure as your network servers. All accounting software companies are careful to encrypt cloud-storage data and connections with the newest internet encryption systems precisely because of fears like these. If you are still skeptical, ask the company what type of security they use. We are proud to use an SSL connection in our invoice software.
"I’m worried that I’ll lose control over the workflow"
The invoice automation systems work for you. Work with the accounting software provider and list out for them exactly what you want the invoice software to do for you. There may be a workflow readjustment period as you implement a new system, but the control will stay with you. Most companies offering invoice software stick to the industry standard of the work processes. If you need something different, just ask. A great company will spend time training you and your staff to use the tool in a way that increases the effectiveness and efficiency of your account receivables department.
"It’s just too expensive for me"
Whether you run a huge corporation or are a solopreneur, there are a variety of accounting software levels to fit your account receivables needs. For the massive companies, you already have some accounting software to assist your team. Adding invoice automation will free up several of your people to attend to other tasks at a lower cost than what you are paying that person. For the one-man bands, your time is your most precious resource. This is true for every person, but especially for you. Invoice software and invoice automation are affordable at any stage of your business. When you calculate what your time is worth and how much more you could do when that time, you may even save money. For specific numbers, check out our pricing page.
No matter what your worries are, chances are your accounts receivable automation team will be there to assist you in any way they can, your success is their success!
BY Alyssa LeBlanc
BY Max Golovnia
BY Alyssa LeBlanc
Armatic Co-founder and CTO