Zoho Invoice change Will Help SMBs Rebuild & Grow

Zoho Corporation, a global technology company offering the most extensive suite of business software applications in the industry, announced that starting today, its online invoicing solution, Zoho Invoice, will be completely free of cost to further extend the company’s support for small and medium-sized businesses. 

In the last four years, Zoho Invoice’s revenue growth has rapidly increased, demonstrating the need for a comprehensive invoicing solution to aid businesses from any industry to shift from manual to digital. Due to the global pandemic, SMBs have decided to modernize their invoicing processes at an accelerated rate. To continue its support of the SMB community, Zoho Invoice offers advanced capabilities such as time tracking, auto recording of expenses, project billing, and 30+ real time reports to help freelancers and small businesses easily navigate the billing and payment collection process, without the concerns of cost. 

For small and medium-sized businesses billing and payment collection has continued to be a challenge, due to administrative costs, limited staff, and insufficient time resources. Additionally, businesses need the ability to access data remotely, which has caused a shift from on-premise solutions to cloud-based solutions. 

According to an Analysys Mason study, SMB spending on on-premise solutions for invoice management will be stagnant between 2019 and 2025, while spending on cloud-based invoicing solutions will increase from 0.9 billion dollars to 2.1 billion dollars. Fully cloud-based, Zoho Invoice enables businesses to create and send fully-customized, professional invoices in less than a minute, follow up for payments automatically, and get paid online to achieve efficiency in their invoice process. 

Zoho has supported small and medium-sized businesses for over 20 years, and Zoho Invoice has helped businesses with their invoicing needs for 13 of those years. Zoho Invoice’s free offering will continue to help businesses streamline their billing and payment collection process through streamlined payment collection, simplified billing, tax handling, and more. Invoice integrates with Zoho applications, and also integrates with third-party applications so that businesses can use the solution to contextually sync their AR information to relevant systems. 

Key benefits of Zoho Invoice include:

  • Simplified billing: Businesses can create and send fully customized, professional invoices within minutes. Invoices can be sent automatically if they are recurring in nature. 
  • Tax Handling: Businesses can track US sales tax or Canada’s GST levied on every transaction with tax summary reports to assist with tax filing. 
  • Streamlined payment collection: Payments can be collected quickly and securely online through ACH, Debit/Credit Cards and PayPal. 
  • Automated payment reminders: Based on customizable settings, the system will automatically send payment reminders to customers through email. 
  • Effortless expense tracking: Expenses can be recorded automatically by scanning the bill or receipt using the Zoho Invoice mobile app.
  • Client portal: Businesses can allow their customers to keep track of all relevant invoices, projects and make payments through the client portal. 
  • Time tracking: Businesses can manage multiple projects, track time and accurately bill their customers. 
  • Instant reports: Businesses have access to 30+, real-time reports that provide insights into key financial metrics such as best-selling products, invoice statuses, pending payments, and more.
  • Mobile apps: Zoho Invoice is available on the web or as a fully functional, downloadable mobile app available for all devices.

Availability
Zoho Invoice is available for free immediately on the web and as a fully functional, downloadable mobile app on all devices.

For more information, please visit https://www.zoho.com/invoice

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