Five Ways Dueplex Can Save You Time and Money

Business

Recent studies show that 90% of companies in the U.S. still rely on paper checks and other manual processes. This can result in invoices with missing information, long approval cycles, payment delays, and missed discounts. To save time and resources as well as to boost efficiency, you can leverage the power of automation. That's where an accounts receivable (AR) solution like Dueplex comes in.

1. Reduce the Costs of Payment Processing

Dueplex can help you cut costs on those repetitive tasks, such as verifying invoices, printing checks, and lining or storing records. Dueplex automates your accounts receivables to reduce payment processing costs. These savings flow back to your company in the form of improved productivity.

With Dueplex in place, invoices can be made available for clients to pay instantly online, eliminating delays and gaps in payment that might otherwise be the norm. This is a great benefit to your company, as it means your customers can pay in any way that's most convenient for them. It also means that your customers can change their preferred processor and payment gateway with ease, as all client data lives inside Dueplex. If you'd like to reduce your invoicing timeline, Dueplex can help you get there, fast.

2. Boost Efficiency

Dueplex can greatly reduce the time it would take for your company to process your payments and invoices, freeing your accounts receivable staff to get more done. By eliminating the wasted effort spent uploading and e-mailing documents to client-invoicing portals, you can streamline client enrollment from weeks to days. Automating your company's invoice distribution to apply specific sending rules and follow delivery schedules can boost efficiency, thereby improving your bottom line.

3. Increase Accuracy

Dueplex can reduce or eliminate human errors, such as overpayments, fraudulent payments, and duplicate payments. This improves data quality and consistency, empowers stronger controls, and makes it easier to receive early payment discounts. Dueplex allows your company to mitigate risks, optimize cash flow, and contain costs.

4. Free Up Your Employees

Time is money, especially when it comes to managing AR processes. If your company has accounting staff, or — even worse — one professional manually juggling day-to-day AR processes, there’s a good chance they're spending several hours a month on tasks that could be performed through automation. With Dueplex, your team can get out from under these manual tasks and focus on other aspects of their jobs, thereby boosting their operational efficiency. One simple example is the automatic payment reminders with custom messaging to send collection reminders so your staff can focus on other revenue generating duties.

5. Enhance Customer Service

You want to be there for your clients, and when it comes to AR-related client data, the more you can do to consolidate things, the better customer service you can provide. This is especially true when it comes to inaccurate or misplaced invoices, which Dueplex can address immediately. By establishing a better environment for strong customer service, you can improve customer retention and reduce the need to put out fires.

Five Ways Dueplex Can Save You Time and Money

Dueplex can save your company time and money. Here's how.

November 15, 2021
Business

Recent studies show that 90% of companies in the U.S. still rely on paper checks and other manual processes. This can result in invoices with missing information, long approval cycles, payment delays, and missed discounts. To save time and resources as well as to boost efficiency, you can leverage the power of automation. That's where an accounts receivable (AR) solution like Dueplex comes in.

1. Reduce the Costs of Payment Processing

Dueplex can help you cut costs on those repetitive tasks, such as verifying invoices, printing checks, and lining or storing records. Dueplex automates your accounts receivables to reduce payment processing costs. These savings flow back to your company in the form of improved productivity.

With Dueplex in place, invoices can be made available for clients to pay instantly online, eliminating delays and gaps in payment that might otherwise be the norm. This is a great benefit to your company, as it means your customers can pay in any way that's most convenient for them. It also means that your customers can change their preferred processor and payment gateway with ease, as all client data lives inside Dueplex. If you'd like to reduce your invoicing timeline, Dueplex can help you get there, fast.

2. Boost Efficiency

Dueplex can greatly reduce the time it would take for your company to process your payments and invoices, freeing your accounts receivable staff to get more done. By eliminating the wasted effort spent uploading and e-mailing documents to client-invoicing portals, you can streamline client enrollment from weeks to days. Automating your company's invoice distribution to apply specific sending rules and follow delivery schedules can boost efficiency, thereby improving your bottom line.

3. Increase Accuracy

Dueplex can reduce or eliminate human errors, such as overpayments, fraudulent payments, and duplicate payments. This improves data quality and consistency, empowers stronger controls, and makes it easier to receive early payment discounts. Dueplex allows your company to mitigate risks, optimize cash flow, and contain costs.

4. Free Up Your Employees

Time is money, especially when it comes to managing AR processes. If your company has accounting staff, or — even worse — one professional manually juggling day-to-day AR processes, there’s a good chance they're spending several hours a month on tasks that could be performed through automation. With Dueplex, your team can get out from under these manual tasks and focus on other aspects of their jobs, thereby boosting their operational efficiency. One simple example is the automatic payment reminders with custom messaging to send collection reminders so your staff can focus on other revenue generating duties.

5. Enhance Customer Service

You want to be there for your clients, and when it comes to AR-related client data, the more you can do to consolidate things, the better customer service you can provide. This is especially true when it comes to inaccurate or misplaced invoices, which Dueplex can address immediately. By establishing a better environment for strong customer service, you can improve customer retention and reduce the need to put out fires.