Client Overview: A boutique marketing agency specializing in digital marketing campaigns for small businesses.
Challenge: The agency faced difficulties in managing a high volume of invoices and tracking payments, causing cash flow issues and client disputes.
Solution:
- Set up an automated invoicing system with recurring billing features for long-term clients.
- Implemented a tracking system to monitor invoice status and follow up on overdue payments.
- Integrated payment gateways to streamline the payment process for clients.
- Provided regular reports on invoicing and payment status to improve financial oversight.
Results:
- Reduced overdue invoices by 30% due to timely follow-ups and automated reminders.
- Improved cash flow and financial stability for the agency.
- Minimized client disputes over payments with clear and consistent invoicing.
- Enhanced overall efficiency in managing financial transactions and client billing.