29th June 2022

How to accelerate invoicing and payment in your recruitment agency with an invoice management system

Recruitment

What is an invoice management system and why do you need one?

In these ever increasing cost-conscious times your recruitment agency really needs to be on top of its game when it comes to the process of invoicing and payment. This puts efficiency and eliminating unnecessary overheads front and centre

Software technologies are really good at process efficiency, as well as reducing the drudge and errors that are associated with manual, paper-based processes. This is achieved through software automation and when applied to billing the clients of your recruitment agency it is known as invoice automation, and software that includes this capability is often known as an invoice management system.

An automated invoice management system is a key part of the digital transformation of a recruitment agency. Using appropriate recruitment invoicing software bakes in efficiency of the finance function of your business and prevents outdated approaches to back office and admin from pulling down on your bottom line.

In keeping with the well-established trend for cloud business applications, an online invoice management system eliminates the ownership costs associated with on-premise solutions, such as servers, internal IT team support and maintenance charges.

What is the invoice management process?

Typically, the method followed, or management process used to create, deliver and oversee the payment of invoices has these key steps:

What are the features of an invoice management system?

The general features of an invoice management system are likely to include:

What are the benefits of an invoice management system for recruitment agencies?

The main benefits of an invoice management system include:

Accelerate your recruitment agency back office with the invoice management system from ETZ

Many might question the need for an invoice management system. And when invoice volumes are low, it may be possible to muddle along without one. However, in the true entrepreneurial spirit of the recruitment industry, should you have ambitions for your business, a good online invoice management system is a cornerstone for growth.

ETZ’s leading timesheet, invoicing and payment platform is purpose-built to streamline the recruitment back office. To find out more about releasing efficiency in the back office, call us on +61 (0) 405 458 821 or book a demo.



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