Integrated invoicing software is one of those basic business no-brainers: why waste time manually pulling together billed time and expenses from all over the place when everything can be instantly and automatically populated into a simple, beautiful, accurate proforma?
We’ve all spent hours chasing team members to complete their timesheets, rifling through the pockets of our jackets for receipts, trawling online platforms for proof of billing and hastily pulling it all together into an invoice. The margin of error is huge: numbers can be mistyped, approved rates can be ignored, overspend can go unmonitored and deadlines can be missed. The result is that invoices get sent back due to inaccuracies and approval gets delayed making it hard to get paid on time. Thats where bookkeeping and accounting software steps in, saving time and reducing debtor days.
This kind of invoicing software is certainly not uncommon. However, what we see as surprisingly rare is an invoicing tool that is fully integrated with proposal building and project management tools. Proteus’ Invoice Module changes that by offering simple invoicing software that improves your cash flow through the following benefits:
- Project integration.
- Fast development, approval and issue
- Error-free invoice creation.
- Integration with accounting software.
- Quick templated document creation.
Invoicing software is often separated from project management and involves a manual process of gathering project data and developing the invoices manually from this. It is often a separate team that is invoicing a project from the team managing a project, and this introduces time delays and errors.
Proteus’ easy to use invoice software is fully integrated with the Proteus project management tool, or it can be integrated with any other accounting software or business software through our open API. Automatically producing invoices from the project management system puts the project manager in control and ensures the invoices are 100% accurate. In addition, this reduces the time to produce and issue the invoice, meaning you get paid faster, resulting in a reduction in debtor days.
Fast Development, Approval and Issue
In Proteus, creating, approving and sending invoices is all performed from a single interface that all key parties have access to. The project manager approves the line items and this automatically creates invoices. Invoices can then be approved and edited at this stage. The project manager can then send invoices, all within a single collaborative interface.
The process taken to create and send invoices can typically last for days before internal approval is reached, with every day adding another debtor day to the cycle. Invoicing can be done in hours through Proteus’ invoicing software making it simple for customers to pay you faster. Anybody in control of finances knows how much this means to the bottom line and the business’ cash flow.
We’ve conservatively estimated as much as 200 hours a year can be saved through integrated invoicing. Reducing this time spent writing invoices and chasing payment mean you are able to spend more time winning business and servicing clients to a high standard.
Integration with finance and accounting software
The Proteus Invoice software module can easily be integrated with accounting software such as Sage, Xero, Financialforce, etc. This integration is via our open API and allows two way communication with the accounting software. Users can synchronise invoicing with management accounts, bank accounts and expenses. This means invoices are accurately issued and get paid faster. Real time notification of payment allows the Proteus project management system to be updated automatically, which drives the traffic light system on project status. Recurring invoices are equally easy to verify and manage with simple invoice templates.
Error-free Invoice Creation
The key to effective invoicing is the interface between the project manager and the finance team. This often breaks down resulting in errors in the invoicing, which, in turn results in invoices being returned for re-submission to the customer. Proteus’ invoicing software allows small businesses or larger corporate teams to create and send professional invoices easily and quickly even during remote working. Proteus is hard-wired to prevent unapproved costs being generated even before invoice stage, meaning invoices are always 100% accurate. Online invoicing is known to reduce the time between sending an invoice and receiving payment, but when the invoice software is accessed by the project team as well as the accounts team, the process becomes hugely more efficient.
Quick templated document creation: How the Proteus Invoice Module Works
As with all the Proteus OS modules, the invoicing software module has been developed to be simple and quick meaning project managers can create and send invoices within minutes all from a single easy to use interface. Invoices can be easily created from source, rather than exporting and duplicating time and data to another invoicing software. This invoicing software also gives project managers instant visibility on the status of invoices associated with their projects.
Proteus’ simple user interface features handy shortcuts to ensure speed and 100% accuracy when creating and sending invoices.
- Filter from drop downs to quickly select the correct project and PO to invoice.
- Due dates auto generated from contract terms.
- Pull through approved resources from the team, equipment and expenses tracking.
- Manually add line items if required.
- Bank account payment details and bank address pre-populated from details in the Admin Console.
- Create and send pdfs of invoices via business email using automatically populated address fields.
How The Invoice Module interacts with the rest of Proteus OS
Proteus’ integrated invoicing software is a cloud-based system designed for businesses of all sizes to handle projects of unlimited complexity. It is one of three modules that make up the Proteus Operating System. The Proteus eco-system is a collection of unique modules that work independently, or as part of a single integrated system. Each Proteus module is aimed at making bottom line improvements by improving utilisation, streamlining workflows, providing quick and efficient access to resources and reducing overheads.
Proteus OS operates under a software as a service (SaaS) model with charges ranging from $10 / user / month to $35 / user / month. Billing is monthly or annually with two months free if paid annually. To access the Invoice Module alone the cost is $10 per month per user or $100 per annum. For more information on our pricing visit our pricing page or get in touch with one of the team on firstname.lastname@example.org
How to get The Invoice Module
Set up your account within minutes via the company account registration page.
We designed Proteus to be simple, and that means you can get up and running on Proteus without an IT team or support from a programmer. You will want to spend a bit of time configuring the admin console so that you have everything set up to suit your company structure, but it’s very intuitive and you don’t need a PhD in IT. However, we want you to get the best out of what is a brilliantly powerful tool, so don’t hesitate to ask for our support. We have a team of product experts who are ready to help you with the configuration process, so get in touch on email@example.com
For more information on how the Invoice Module works and how you can get it up and running in your company visit here.