|
 Outsourced Billing
Billing is an unavoidable and time-consuming task for many business
owners. When you outsource billing services, you can achieve reduced
operating expenses, better cash flow management, higher collection rates
and peace of mind. Additionally, as customers increasingly use online
banking, switching to online billing helps you meet their needs.
Business-to-business and business-to-consumer billing.
ITO Outsourcing also guarantees that your paper bills will be sent out
within one business day, and it allows you to track your bills from
processing to delivery. There’s also an email or fax billing service for
business-to-business billing.
For paperless billing, ITO Outsourcing can create a website or email
your customers a PDF image of a bill, and customers can pay through
credit card, debit card or ACH. ITO Outsourcing’s printed bill service
allows you to insert customized marketing messages into the bill and
send mail at the lowest postage rates. ITO Outsourcing also scans a PDF
image and archives all the printed billing documents for easy retrieval.
ITO Outsourcing collections service features an online negotiation tool
that allows customers to resolve their outstanding debts and choose a
pre-determined payment option.
ITO Outsourcing believes in the power of online platforms to change
antiquated ways of life and make outsourcing services efficiently
accessible.
Billing Methods
Invoice Draft is used to print invoices for
verification prior to printing final invoices. We can print a draft of
the same invoice as many times as necessary. There are three types of
Billings that ITO Outsource can handle:
- Contract Based Progress Billing: An AIA
type billing allows the project managers to supply a Units in place,
Stored material, Work completed and Percent for contract-based
billings pencil copy.
-
Time and Material Billing: A Work-In-Progress cost data is
accumulated and it is used to apply rates and markup calculations to
cost transactions received from Accounts Payable, Equipment Cost,
Job Cost, and Payroll for billing purposes. Work-In-Progress (WIP)
records created for cost-based billings. Invoices will show the
breakdown of Labor, Material and Other billing separately.
-
Work Order Billing: Creating invoices for work orders is now a
relatively simple process. A list of all work orders billed will be
listed on the invoice. Additional descriptive text may be entered by
adding a note to a work order.
|
