More than 70 % of self-employed folks have problem getting paid. Needless to say, invoices being paid past due may have crippling results on small companies. SoverPay is a brand new on-line platform that goals to conquer the problem of not on time bills.
An Automated Billing System
SoverPay lets in customers to create contracts and invoices easily, which will mechanically be done at a suite date. SoverPay is serious about bringing automation to small companies and freelancers, teams who’ve no longer historically had the approach to get right of entry to such automation gear.
Wasting effort and time in chasing down invoices approach valuable time is spent clear of working a trade, producing gross sales and in most cases serving to the trade develop. Besides the time-consuming nature of getting to chase invoices, being pressured to wait to be paid can severely obstruct cashflow and make budgeting tough.
By the usage of easy paperwork to acquire the important data, corresponding to how a small trade wishes to receives a commission and after they must be paid, SoverPay automates the method. SoverPay’s device seems to be in the course of the knowledge day-to-day, and when the device displays it’s time for an bill to be paid, SoverPay fees the trade’s purchasers.
SoverPay’s founder, Nawaz Gafar, spoke of the complexity of accounting and of the problems small companies ceaselessly face when making an attempt to receives a commission.
“Accounting is a very dynamic department in any business and can involve many moving parts both internally and externally, so when a business hires a contractor or another firm, this adds another layer to the accounting department,” Gafar informed Small Business Trends. “Thus, things can often get lost in paperwork, and while the accounting team is busy keeping internal operations running smoothly, external contractors and businesses can often get forgotten. This isn’t to say that it is done on purpose, but often comes down to human error.”
“SoverPay attempts to solve this by introducing a layer of automation for our clients, by looking at where exactly the problem occurs,” Gafar added. “Traditionally most contracts have been done through email, or even worse verbally. Thus, a lot of the responsibility falls onto the contractor to procure payment.”
“By using automation even if a client forgets about paying, our systems won’t. When a user creates a contract, we collect the necessary info and continuously keep an eye out for upcoming contracts,” he mentioned.
Businesses can join SoverPay free of charge. Users may have a Free Account, by which they’re charged $1 consistent with contract and three.nine % + $zero.30 consistent with transaction, or an Unlimited Account for $10 a month the place they’re charged $zero consistent with contract.