Benefits of Automation in TrueRev

Automation in TrueRev for SaaS accounting revenue recognition

Why it's so important & how you can get it in TrueRev

With TrueRev, you can set up automation to simplify some routine accounting tasks – in more than one way. The more TrueRev can do for you – the more time your team can focus on other things that matter. Certain tasks in accounting are repetitive and easily offloaded, especially as a SaaS company with a recurring revenue business model. Consider the amount of recurring invoices that need to be sent out – the amount of time needed to schedule emails, double check the frequency of invoices and make sure everything gets sent. But your job isn’t done there – maybe 10% of your customers forget to pay their invoice. Then you need to identify which customer hasn’t paid their invoice and send a follow up email.

Learn what TrueRev’s auto-billing feature does for you:

Stop Leaving Cash on the Table

Easily customize the billing as you wish, frequency or billing dates. How often do you want to bill your customer? Not all customers get billed on the same frequency – could be yearly, monthly or weekly. As for the billing date, you can select when to start billing the customer and which date you want the invoice to recur. Have full ownership when customizing your billing.

 

Invoices sent through TrueRev can be easily identifiable as you can customize the Invoice ID. You can select the invoice prefix, custom letters and suffix. In the example below the invoice is denoted with an invoice prefix “TR”, custom letters ‘abc’ and the digits in your invoice suffix.

Recurring Invoices SaaS QBO TrueRev

Easily customize the billing as you wish, frequency or billing dates. How often do you want to bill your customer? Not all customers get billed on the same frequency – could be yearly, monthly or weekly. As for the billing date, you can select when to start billing the customer and which date you want the invoice to recur. Have full ownership when customizing your billing.

Invoices sent through TrueRev can be easily identifiable as you can customize the Invoice ID. You can select the invoice prefix, custom letters and suffix. In the example below the invoice is denoted with an invoice prefix “TR”, custom letters ‘abc’ and the digits in your invoice suffix.

No More Human Error

Avoid oversight error when scheduling and creating/sending invoices. TrueRev tracks invoices, billing schedules and subscription events, so you don’t need to worry about managing all these tasks.

Follow Up Emails

As mentioned earlier, TrueRev automates the billing for your customers’ recurring invoices. TrueRev’s goal is to save you time and optimize your cash flow. You can set up the logic so if your invoice doesn’t get paid within a certain number of days – TrueRev can send a reminder email to your customer. We’ve got you covered.

And it’s easy to set up – drag and drop the merge fields into an email or use our template.

SaaS Auto reminder emails in TrueRev

Auto Renew Contracts

Certain contracts you may want to set up as auto-renewing. For some SaaS businesses, nearly all contracts are auto-renewing unless cancelled by the customer. TrueRev allows you to turn on the auto-renewal feature on a contract so you don’t have to duplicate your effort at the end of it’s term.

auto renew contracts in TrueRev for SaaS business
It is TrueRev’s mission to simplify subscription management and eliminate the human element from repetitive work so there is more time for intelligent work. Every business that seeks growth can benefit from identifying and removing the manual repetitive work that adds no value. TrueRev can be a key solution to accomplish this much needed transition with speed.
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