Managers can belong to any industry or managerial level but their core responsibilities remain the same. They are leaders entrusted to develop their team members, manage projects, oversee team dynamics, set objectives, monitor performance and steer their teams to make valuable contributions to the organization. Doing all of this can be a handful, particularly when you take into account the never ending pile of paper work that takes up alot of time, but is critical because you simply can't afford to make mistakes.
When it comes to project management, time is of the essence. This is why we see that a crucial trait of productive managers is that they know how to use technology to get work off their plates. One such technological advancement that saves you frompaper work, financial calculations and their associated costs is an automatic invoicing app. Invoicing applications handle everything from setting rates for staff members and vendors, calculating the number of hours spent on a project and generating respective invoices and distributing them to the finance department or vendors to receive payments.
These applications enable error-free, hassle-free and transparent financial transactions. Moreover, they are cloud-based allowing managers to manage project progress and team performance from virtually anywhere.
These invoicing applications also act as a communication tool that helps you stay connected with your team members in real-time regardless of their physical location. Here we conducted an anatomy of automatic invoicing apps to bring you the highest performing of the lot:
Tipalti is primarily design for companies with accounts payable operations that are high in volume as well as complexity. The app has a comprehensive set of invoicing features and completely automates the payments process for suppliers.
Tipalti is suitable for managers looking after big projects who wish tofully outsource their invoicing operations. It offers a singular end-to-end cloud-based AP system incorporating all aspects of the accounts payable process such as collection and validation of W8/ W9 tax forms, on-boarding of payees, collection and approval of electronic invoices, currency and payment method selection for payees, global supplier remittance, communication of payment status and reconciliation of payments while being integrated with ERP. The app is also easy to maneuver and is thoroughly responsive.
Minterapp is an app with invoicing and time tracking features. This means that in addition to invoicing, you will be able to manage projects with greater ease.Minterapp allows you to delegate work, assign different hourly rates, oversee performance and generate reports.
It is cloud-based and therefore is ideal for managing remote teams. Moreover, it allows integration with Basecamp, enabling you to generate invoices and track time for your projects. It offers multiple payment options such as PayPal, Authorize.net and Stripe and generates estimates for vendors and clients.
BillQuick is designed to handle time tracking, invoicing, project management and accounting for businesses of all sizes. A team of engineers, CPAs and architects has developed it, BillQuick is most suitable for professional services firms. For managers, it offers a single platform to manage projects, monitor performance and handle financial transactions including invoicing.
4. Replicon TimeBill:
Replicon TimeBill is an easy-to-use time tracking and invoicing software. It enables managers to keep a constant eye on project progress and conduct swift and error-free invoicing transactions.
Workflow is a comprehensive solution that enables seamless execution of invoicing operations for companies that bill by time. It is cloud-based, and allows features like multiple jobs and varying rates that can be integrate with Xero. After reconciliation, WorkflowMax can also be used to view profitability as well as payments status.
Unanet Services Automation software is ideal for project-based organizations such as professional services firms, government contractors and internal IS among others. It has an easy-to-use and detailed bid-to-bill-to-book lifecycle that handles all invoicing operations in a seamless and hassle-free manner.
Unanet offers comprehensive support for time and materials, cost plus and fixed price contracts. It allows integration with other systems so that you are able to shorten invoicing cycles, gain real-time insight, generate forecasts and track revenue for various types of contracts.
Zoho is an invoicing and subscription management solution suited for small and medium enterprises and businesses that require subscriptions.Gyms, wine clubs, accountants, digital marketing agencies and day care centers are among s clients. It also automates billing process for recurring transactions. Zoho can be connected to over 500 web-based applications owing to its integration with Zapier.
MoneyPenny is a cloud-based accounting tool designed for small and medium enterprises. It enables you to manage projects and clients, automate the invoicing process, oversee team performance and generate reports.
AccountSight offers end-to-end accounting solutions for professional services firms. It offers the complete automation of the invoicing process with the added advantage of viewing the entire organization's progress via one platform. It reduces timelines,and increases the transparency of the invoicing operation.
Hiveage works best for small and medium enterprises. It enables stress and error-free management of the invoicing process by sending bills, charging clients and accepting payments from vendors.
Billtrust is a complete payment cycle management solution offering everything from invoice to cash receipt. It offers invoice dissemination and payment as well as cash application platforms for B2B firms dealing in apparel, wholesale distribution, transportation and manufacturing industries.
Deskove is an online invoicing software designed for small and medium enterprises. It enables you to share invoices, incorporate markups and discounts and quick payments via secure methods.
Deskove supports project time and expenses billing, tracking of billable hours, billing of recurring expenses, generation of reports pertaining to accounts receivables and the overall tracking of the business' expenses.