Automotive startup Ignition introduces AutoCollect, a tool designed to assist service businesses in tackling issues related to overdue payments.
Revamped Snippet:
** blowing the lid off ** Small Biz Finances **
Ignition, a powerhouse in revenue and invoicing automation, has unleashed a fresh feature, dubbed AutoCollect. crafted explicitly for service-based businesses, this bad boy aims to slice through the agonizing lag in payments and fortify cash flow. The unique feature syncs with renowned platforms like QuickBooks Online and Xero, pulling in unpaid invoices and slamming 'em with payment requests, all in Ignition's user-friendly space.
Greg Strickland, Ignition's big cheese, sheds light on the predicament that's been dogging small-medium businesses: late payments. These payments, he explains, don't just cause a hiccup—they wreak havoc on a business's capacity to meet payroll, keep the lights on, or recruit new talent. Enter AutoCollect, the pièce de résistance in Ignition's ever-expanding payments lineup, geared toward making payment collection as effortless as possible.
Surprise, surprise—over half of small US businesses grapple with delayed payments. And it's not just everyone—some sectors are getting drubbed more than others, with accountants and bookkeepers reporting that an alarming 94% of their clients are past due. Enter AutoCollect, the unlikely knight in shining armor here to quell these finance-related wars.
So, what makes AutoCollect the knight in shining armor it claim to be? Here's a rundown:
- Auto-Import Game Changer: AutoCollect snatches unpaid invoices from your existin' accounting software platforms like QuickBooks Online and Xero and lobs 'em into Ignition, making it a walk in the park to keep tabs on your to-be-collected wealth.
- Bulk Client Invites: Batch email your cherished clients invites to settle their dues via a secure online portal. Hello, streamlined payment process!
- Pre-Saved Payment Methods: Your clients can save the details of their preferred payment methods, taking the hassle out of payment processing on their end.
- Automated Collections: Tired of chasing payments? AutoCollect's got your back by automatically collecting payments for future invoices, ensuring you're never in the dark about how much green is on its way.
AutoCollect builds upon Ignition's existing payment arsenal, complete with features that enable you to gather payment info upfront when clients go John Hancock on a proposal. According to Ignition, a whopping 91% of payments processed via their platform are collected automatically, putting them in the driver's seat when it comes to timely payments and reducing those pesky accounts receivable.
Jack Colvin, no stranger to the banking game as owner of Counting Clouds, waxes lyrical about Ignition's impact on his overdue invoice woes: "Ignition has transformed the way we juggle past-due invoices and collect payments, accelerating our payment process." By centralizing payment requests within a single platform, Ignition's AutoCollect is a major win, allowing small and medium-sized service providers to focus more on their clients and growth, rather than getting mired in manual chasing.
Ignition aims to up the ante in payment automation, streamlining and refining financial processes for service-based businesses. By automating collections, AutoCollect helps minimize routine follow-ups and enables businesses to focus their attention where it belongs—on providing top-notch service.
- Ignition's new feature, AutoCollect, is designed to boost stability in small business finances by streamlining the collection of payments.
- The technology-driven AutoCollect syncs with platforms like QuickBooks Online and Xero, automating the process of sending payment requests for unpaid invoices within Ignition's user-friendly interface.
- With AutoCollect, businesses can eliminate the hassle of manual payment follow-ups and dedicate more resources to their core operations, such as providing excellent service.
- By automating collections, AutoCollect aims to fortify cash flow and eliminate the financial challenges associated with delayed payments, ultimately promoting the growth and success of service-based businesses.
