2022 eCommerce trends you need to know about
Creating and sending invoices is an essential part of running a business (you’ve got to get paid somehow!); however, it’s not always the most appealing task on the to-do list.
Tyro’s electronic invoicing exists to simplify your business’ invoicing process and turn invoicing into a task you actually want to do. Packed with features to help you generate, send and track your invoices with ease, this eCommerce feature helps you to get paid on time (even ahead of time) and boost that cash flow. Read on to discover the unique features of Tyro’s electronic invoicing, and how it can make your money admin more efficient.
Key features of Tyro’s electronic invoicing
1. Everything in the one place
Tyro’s electronic invoicing is a powerful eCommerce tool that streamlines the invoicing process – letting you manage all your electronic invoices in the one location.
You can use this tool to:
- send electronic invoices to your customers securely from your desktop, tablet or mobile (rest assured that your customers’ card data is captured and stored securely)
- keep track of the electronic invoices you’ve sent with real-time notifications and payment status updates (no need to worry about any outstanding payments falling through the cracks!)
- add notes that only your eyes will see, so you don’t forget any important details
- build customer profiles and easily view payment histories
- edit, duplicate and resend existing electronic invoices, saving yourself reinventing the wheel every time you go to create a new invoice
2. Insights at your fingertips
With Tyro’s electronic invoicing, you can easily spot who is (and isn’t) paying on time, and use these insights to reward or address eCommerce customer behaviour. For prompt payers, you can add offers and personalised messages to show your thanks – building customer loyalty that keeps them coming back. For slack payers, you can add late fees so they know that you’re serious about deadlines – encouraging them to pay on time, every time.
Having easy-to-read insights at your fingertips also means you can identify and jump on positive cash-flow opportunities. Bringing more cash into your business can ultimately help you be better prepared for shortfalls and to come out the other side of any potential lulls.
3. Automated receipts
Saying thank you goes a long way. You can show your customers that you appreciate their business by sending automated payment receipts, as soon as they pay you. This will not only make them feel good – it will be good for your business – as you’re building a positive brand image that can ultimately be the difference between a customer choosing you or a competitor.
4. Keep it customised
Nothing says ‘we’re professionals’ like a document donned in your company colours. Thanks to Tyro’s electronic invoicing, you can create eCommerce invoice templates and tailor them with your brand hues (and add your logo) so your customers know exactly who the invoice is from by the aesthetics alone.
You can also put the control in customers’ hands by letting them pay how they want, whether with Visa, Mastercard®, American Express or JCB.
5. Same-day settlement
Another great feature of Tyro’s electronic invoicing is same-day settlement, which allows you to get funds into your Tyro Bank Account as soon as possible. You can get same-day settlement 7 days a week at any time you choose, between 8am and 5pm.¹
Tyro’s electronic invoicing is all about making the admin side of money run smoothly, so you can spend less time on the books and more time building your business. If you’re looking to turn your invoicing process from complicated to calm, consider adding Tyro electronic invoicing to your operations.
Itching to get your electronic invoices in order? You know who to call. Contact us for a chat.
eCommerce transactions are riskier than card-present (in-store) transactions and are more likely to result in a chargeback or fraud. In the event of a chargeback, it is the merchant’s responsibility to prove that the actual cardholder authorized the transaction. For further information about eCommerce transactions refer to Tyro’s Chargebacks and Disputes Guide at www.tyro.com/blog/chargebacks-disputes-guide/ and Tyro’s terms and conditions at www.tyro.com/terms-and-conditions/.
1 Same day settlements are only available where settlement funds are deposited into a Tyro Bank Account. Available settlement times are from 8pm to 5am. Applies to Tyro settled funds only (including American Express and JCB with Tyro Direct Settlement agreement) – excludes Alipay, HealthPoint and funds settled directly by Afterpay, American Express, JCB, and Diners Club.
Mastercard is a registered trademark of Mastercard International Incorporated.