Small business invoices have a late fulfillment rate of 11%. When creating an invoice, small business owners should also make sure it comes with a contact number or email address and includes the due date.
If you are experiencing cash flow issues or jeopardizing your company’s long-term growth, it is crucial to learn to optimize your collection strategy. Let’s explore how to best invoice clients so you can get paid faster.

Send Invoices the Fastest Way
Sending paper invoices through the mail is common and faster, yet it can be compromised and is more expensive. Digital transfer methods are cheaper and better for the environment.
When it comes to issuing invoices, you should generally use digital invoicing whenever possible. Sending invoices via email is the traditional form of digital billing. Excel usually involves customizing the templates, then sending them to the customer in a PDF document. Sending an electronic invoice is superior to a paper copy because it is quicker, cheaper, and more sustainable. It also provides a paper trail of when and to whom the documents were sent.

Benefits of Invoicing Software
Invoicing software is a cheaper and more efficient way to collect payments because it is faster than email and can be used at any time. It also offers several benefits such as being cheaper, sustainable, and of better quality. You can generate an invoice in a few clicks with a dashboard designed solely for that purpose. The process is both times efficient and makes the invoice easy to follow.
Clients can pay you quickly with invoicing software, which provides a variety of payment options directly from the e-document. By automating, you can send reminders to encourage timely payments of your invoices which saves you trouble.
You can track the progress of your invoices with electronic tools. They let you know the status, so you can rest assured it will be paid on time or intervene if something is not going as expected. The price of invoicing is usually prohibitive to small businesses. Click here to find out about the top-rated invoicing software that helps small businesses get paid faster.

Ways to get invoices paid faster
The best way to get paid as soon as possible is by sending digital invoices through email or specialized software. There are several other practices that you can adopt to speed up the process.

⦁ Have a written contract detailing the terms of your business relationship with your client
⦁ Be clear on invoicing terms before finalizing a deal
⦁ Build a smooth workflow for sending invoices every month
⦁ Get payment reminders sent to clients

With invoicing software, you can create a professional-looking invoice in seconds, track each one’s status from a single dashboard, and set up payment reminders to go out automatically. Click here to find out which accounting software will best meet your business needs. Use the software to generate invoices for faster payment.