Yes Paper Invoices Are Bad For Your Construction Company Cash Flow

By Anastasia Harold - Coolfront Affiliate Manager - Western Region

You might be afraid to “go mobile” and ditch your paper work orders. I’m here to tell you there’s nothing to fear. In fact, it’s the paper invoices you should be afraid of.

Here's the top ways that paper invoices are hurting your business:

They Get Lost

Paperwork gets lost. PWC estimates finding one piece of paperwork can cost a company about $122. That could be your profit from an entire service call! PWC also estimates 7.5% of paperwork is lost forever. That could be 7.5% of your revenue from unbilled invoices. Customers agree too - they would rather have it in their email inbox. That’s one less receipt to keep track of.

Storing your invoices digitally, or in the cloud, is the best way to eliminate lost paperwork and keep more information stored forever.

It’s also estimated that 20% of an employee’s time is spent looking for paperwork. As a bonus, digital copies are searchable by customer’s name or date, and can be accessed almost anywhere when needed.

They're Messy

Handwritten paper invoices never look pretty. Chances are, your handwriting doesn’t hold a candle to “Times New Roman” or “Arial.” It’s hard to project a professional appearance with misspellings and worse, illegible writing.

Electronic invoices get the benefits of spell check, and a clean appearance.

And Even More...

They have to be ordered, so you’re likely to run out when it get’s busy. They’re expensive, especially if you make mistakes or have to mail them out. And to top it off, they’re bad for the environment.

Not convinced? Try mobile invoicing for yourself!

Coolfront provides a zero-cost solution to help you eliminate paperwork, stay organized and make more money. Get 50 free invoices with no obligation courtesy of Fast Easy Accounting by going to www.coolfront.com/fasteasyaccounting

About The Author:

Anastasia Harold is the Affiliate Manager for Coolfront in the Western Region.
She's your go-to gal for service business smarts, financial philosophy and sales strategy. But if you have questions on cooking or gardening, she can probably help with that too. Reach her @CoolfrontStasia on Twitter or Anastasia Harold on Linkedin

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