Xero x Kolleno: solving your overdue invoices problem

Ron Danenberg25 May 20212 mins

As your business grows, it is crucial to control your business finances for the financial survival of your company. A good financial structure is a must-have for any business that incurs a profit and wants to avoid overdue invoices. The best way for SMEs to achieve it is through integration with Xero Accounting Software. Here are the 3 most important reasons why your business will not regret this decision!

1. Invoicing made simple

First of all, Xero simplifies the process of creating invoices and taking payments from debit cards, credit cards, or PayPal. As a result, it allows you to record your expenses and send invoices via Xero’s mobile app.

2. Simple access from any device

You can access Xero instantly from any of your devices. As a result, you can control your financials from everywhere in the world and improve your decision-making abilities.

3. Your data is properly protected

Xero software securely transfers data from your banks and financial institutions, which removes the need for human interaction. Since Xero is backed up by industry-standard security measures you can be sure that your data is always protected.

Overall, Xero has become more significant than a simple accounting tool. It now offers a wide selection of features to support your business. Apart from primary accounting tools, companies use Xero for payroll, expense, and inventory management.

Xero also assists your business to control late payments, track overdue invoices and send automated payment reminders via email. Hence, your customer is informed whenever there is a missed overdue invoice.

If you are dealing with a limited number of invoices these features will be sufficient for your business needs. Nevertheless, as your company expands, staying on top of your finances might get very problematic. If you already have Xero Software connect it to Kolleno to shape up your cash collection even more!

4. Benefits of integration Xero with Kolleno

By integrating Xero with Kolleno your business will benefit from these three crucial aspects:

Omnichannel collections strategy

Kolleno retains your client relationships through tailored collections strategies. It makes sure the communication is sent at the right time and to the right person within your customer’s team. Moreover, Kolleno integration allows you to reach your clients via multiple communication channels, such as emails, text messages and phone calls.

Facilitated payment process.

Moreover, Kolleno collections automation gives your clients everything they need to allow them to pay you easily. As a result, your clients will be able to pay your business through a one-click Kolleno’s payment portal. It does not only facilitate the process but also leads to more than 90% payment rate recovery.

Maximization of high-value activities of your Team.

Finally, your team will not need to focus on approaching clients with overdue invoices anymore. Kolleno- your invisible employee will take care of it- making sure you focus your resources on high-value-added activities instead, which saves your time and money.

If you want to see how Kolleno is dealing with receivables get in touch with us and book a free consultation. Our CTO – Ron Danenberg will show you that collection and credit control has never been simpler!