You have been tracking your time with Time Tracker to ensure you are billing actual time and it has started to improve profitability, however did you know that 82% of businesses that go out of business failed because of cash flow problems. According to The Atradius Group 48.8% of all invoices are paid late and if your invoice is 90 days past due there is only a 50/50 chance of actually being paid – this directly impacts cash flow.
Over the years we have heard many of our customers talk about the challenges they face trying to get paid quickly, so we decided to develop an add-on to Time Tracker to enable invoice tracking that allows you to automate the invoice reminder process. Don’t worry if you are not using Time Tracker it is also compatible with QuickBooks Online and Xero.
Adding on Invoice Tracker is like adding on an accounts receivable person to help you track down unpaid invoices, without the additional employee cost or hassle. Outsourcing your accounts receivable has never been easier, and with Invoice Tracker for Time Tracker you’ll be able to:
Automate the Collection Process and Save Time
Setup automated email reminders and save time not having to manually follow-up with unpaid invoices. Once an invoice has been paid emails will stop automatically as they are synced to your accounting software.
Create Personalized Email Reminders
Customize your emails to engage your clients in a way that’s familiar. Choose an editable email template or customize your own and add your logo and signature. Then add in variables such as the customer name, invoice number, due date and amount due.
Accept Online Credit Card Payments
By offering clients an online credit payment option you can expect to get paid twice as fast. Stripe ecommerce platform integrates with Time Tracker and Invoice Tracker adding an online payment link right into your invoice.
Ensure Data Privacy
As Invoice Tracker is an add-on to Time Tracker you have the same data security and protection. In Time Tracker you can set your own privacy permissions, protecting valuable and confidential company data, because it allows you to decide for yourself what kind of information is accessible to your employees with visibility settings. It also allows for Cloud access with secure back-ups; a standard feature within Time Tracker. It is EU-US Privacy Compliant, so you will have the peace of mind that any commercial data shared will be safe and protected. Secure 256-bit encryption for your data in transit reinforces the other security features, ensuring your confidential files and information are defended and safe.
Add-on Invoice Tracker with these easy steps:
- Sign up for your 14-day Invoice Tracker free trial
- Select an invoice or batch of invoices that need follow-up.
- Create an email reminder set. Reminder sets are a series of emails sent during the collection process. Choose from the editable pre-written emails or create your own.
- Activate email reminders. Once you’ve created your reminder set turn them to active and start your collection. Your data automatically syncs from your accounting software every few minutes so once you receive a payment Invoice Tracker will know to stop sending emails – no matter where they are in the sequence.
Forever Free Support
Not only is signing up with Invoice Tracker easy and affordable, it comes with unlimited free support. If you are struggling with set-up or any of our features, contact us and we will happy to assist you, free of charge and on a permanent basis. We offer email, live chat, and phone service for your convenience.
Invest in Invoice Tracker for Time Tracker
Don’t be one of those businesses who are not successful because they continued to have cash flow issues. Add Invoice Tracker to your Time Tracker today and get paid faster. Free 14-day trial no credit card required.