Reminder: What is InvoiceCloud?
InvoiceCloud is one of Teamleader Focus' cloud platforms.
Allow your clients to view and pay invoices online . The professional look and feel of the platform inspires trust, and the graphic design matches your company’s style. Most importantly, everything works very fast. Has your client viewed or even paid your invoice? If so, you will receive a notification in Teamleader Focus, and the invoice payment status will automatically change to “Paid”.
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Let's talk about numbers japan telegram data
3.6 million. That’s the number of invoices sent by Teamleader Focus customers in the last 12 months. Not bad! And the even bigger number? The total amount of all those invoices put together: €9,567,106,561. That’s €9.5 billion worth of invoices. Roughly the GDP of Benin or Chad. Impressive, right?
With a quick operation, we estimate that the average invoice amount is €2,500. However, the average invoice is €340. Therefore, Teamleader Focus customers mainly send invoices for smaller amounts.
However, the average time to receive payment of the invoice is one month, and we are convinced that it should and can be faster.
Speed up the checkout process!
In one of our previous updates, we talked about how a process for preparing budgets
helps you sell twice as fast.
So it's no surprise that an efficient billing process achieves similar results.
If we start counting from an approved budget: 40.9 days pass between the closing of the sale and the creation of the invoice.
On average, the payment period for an invoice is 17.5 days. That equates to 58.4 days until the invoice is due.
However, only 47.4% of invoices are paid on time! The average time between a won sales opportunity and invoice payment is 69.3 days.
When we look at overdue invoices, payment is made 41 days after the due date.
As you can see, receiving payment
