Every second Monday of January, the United States celebrates National Clean off Your Desk Day in readiness for a clutter-free year. This reminds us of just how a digitalized world has promoted a paperless environment.
A significant transformation is evident – virtually every sector is opting for digital operations. It’s not a wonder then that many businesses are choosing to use paperless billing. Some are even going a notch higher to prompt a switch to this new way by charging a fee to people or organizations that wish to continue receiving paper statements.
It might be a perfect time to discuss billing management service by QBI and how to make it work for you.
What is paperless billing?
Paperless billing is the customer-centric and all-inclusive shift from the conventional billing system that focused on printed bills to a modern digital system that is free of clutter. Automatic document generation is the foundation of paperless billing. Through this billing process, contracts, financial reports, invoices, and similarly important documents are produced.
Shifting to paperless billing makes sense and we’ll tell you why. Sending and filing papers isn’t enjoyable as it may appear. Indeed, it can be bothersome in the current demanding business environment. Apart from taking care of this nuisance, using a paperless billing management service can impact significantly in the following ways:
Enhanced security: The Better Business Bureau reports that identity fraud is more common with paper documents than online-based documents. Most of these thefts can be connected to misplaced checkbooks, address alterations, or checkbook thefts. Electronic data storage through paperless billing can enhance data security.
Improved Environment: One of the most effective ways for organizations to contribute to a reduced carbon footprint is going paperless. Several studies have been carried out to back these claims, including one by United Nations Conference on Trade and Development. Eliminating paper use in a pair of trade processes led to 5,827 kg of CO2 emissions reduction.
Time Savings: With an internet connection, one can manage bills anytime and from any part of the world. That saves a lot of time – no checks, emails are fewer and payments are prompt.
Are you ready for an effective paperless billing management service?
When you send bills to your clients, you want them to respond and pay fast – that’s the essence of an effective and paperless billing system. In the fullness of time, this kind of system will enhance your business’s cash flow and promote growth.
When your paperless billing management system is effective, the first benefit you notice is an improvement evidenced by faster and higher access to data. We all know that in this era, information is money. A self-service portal gives clients a means to solve issues instantly, but most importantly, it harbors important data. Leveraging this data can help your business understand your customers better and therefore improve services/products. Using real-time data access, you can easily respond to customer issues.
The revenue cycle can be hectic if the business relies on traditional billing methods. Sending bills and following them up used to be a difficult and slow process, but things have changed with paperless billing. Access to bills and payment is instant and possible via many types of devices. A bill notification is all that is required to kick off the payment process. That’s why companies that have embraced paperless billing enjoy better revenue cycles.
It is exciting how simple it is to switch to paperless billing. Typically, you only need to create a profile and link your account, then you are ready to go paperless. Your next bills will be online.
Welcome to QBI Paperless Billing Solution
Unlock your business’s payment efficiency with QBI’s paperless and effective billing management feature. There is no better and easier way to generate invoices automatically. Simply connect your energy meters and send them from the platform, as easy as it seems.
This feature allows you to design your energy tariffs according to the revenue scheme of your site. Tailor the tariff module to a revenue scheme in any country, generating Rates/MWh, Capacity Payments, NMCs, ROCs/SRECs, or even merchant prices. You can enhance the traceability of the PPA-related documentation by attaching it here.
To make sure you remain updated about global energy prices, this tool connects automatically to the leading energy markets. You, therefore, have an idea of your kurtosis factor and can generate automatic invoices as the month starts.
You no longer have to miss a kWh; our platform will propose to you all the energy that was generated and still has not been invoiced. Invoice templates and everything else is fully customizable so you can maintain your brand’s outlook with automatic invoicing.
With QBI’s paperless billing management service function, you also get to generate all the energy invoices for the month with one click. It doesn’t matter the number of assets in your distributed generated fleet.
You can be sure there is so much more to our energy billing software, so schedule a free demo for more details.
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