Rocketlane has unveiled an advanced invoicing tool designed to boost billing precision, speed up the approval process, and integrate seamlessly with widely used accounting platforms like NetSuite and QuickBooks.
Tailored for professional services teams, this feature streamlines billing procedures, reducing manual workloads while enhancing oversight of cash flow.
Challenges in Professional Services Billing
Billing errors frequently plague professional services teams, often due to cumbersome data reconciliation, lengthy approval times, and disjointed financial systems.
With its latest invoicing enhancement, Rocketlane aims to tackle these issues head-on, providing a robust platform that simplifies complex billing scenarios.
Key Features and Benefits
- Diverse Billing Options to Meet Varying Needs: Rocketlane supports multiple billing models including time-and-materials (T&M), fixed fees, and subscription services, plus it accommodates various currencies to serve a global audience.
- Optimized Approval Processes: The flexible workflows allow teams to tailor their approval processes, which accelerates sign-offs while ensuring high accuracy.
- Unified Revenue Tracking Dashboard: Users can efficiently manage invoices, track payments, and forecast cash flow all from one comprehensive dashboard.
- Simplified Accounting Integration: This feature guarantees that invoices and payments sync with accounting software such as NetSuite, Sage, and QuickBooks, significantly reducing the need for manual reconciliation.
- Enhanced Cash Flow Management: After approval, submitted time logs can be turned into invoices automatically, removing the hold-ups associated with manual processing and enabling teams to focus on expanding their business.
Transforming Service Teams
Ganesan asserts that Rocketlane’s invoicing capabilities are set to transform how service teams function.
He noted that the synergy of precise timesheet entries, streamlined approvals, and smooth integrations with platforms like Salesforce and NetSuite creates an invoicing experience that is straightforward yet highly effective.
All aspects—from project oversight to timesheet documentation—work together seamlessly, ensuring invoices are generated promptly and accurately without unnecessary delays or follow-ups.
The newly launched invoicing feature is now available, granting professional services teams a more efficient way to manage billing, reduce errors, and refine their financial workflows.
Source: Smallbiztrends.com