Reduce DSO and secure your cash flow
Adopt cutting-edge Field Service Management software to speed up invoicing and improve Days Sales Outstanding (DSO).
Features to speed up invoicing
Make invoicing more reliable to reduce DSO
Cash flow has vital importance if you run a service company. Especially when business slows down, it enables long-term stability.
With this in mind, use Field Service Management software to send invoices faster and reduce the average number of days that it takes you to collect payment for your services.
Go paperless to improve invoicing
Praxedo is the perfect solution for simplifying your invoicing process. Using our software to digitise workflows has many benefits. It allows you to:
- Improve the reliability of data entered by field technicians
- Issue work order reports faster
- Connect with your ERP/CRM/accounting software
- Reduce Days Sales Outstanding (DSO), disputes and risks of not getting paid
- Include services and related consumables on the same invoice
- Manage inventory and track parts replacement
Learn about Nexecur’s experience…
Electronic Security
250 Technicians
We accelerated our billing times considerably, from 1 month to 24 hours, which allowed us to minimize collection issues.
Alban Rocher
Customer Relations Manager
Features that will solve your day-to-day challenges
Send invoices faster
With Praxedo’s preconfigured forms, technicians make fewer errors entering data and you don’t have to worry about illegible handwriting. Plus, transmitting the final report is super easy. What this means is that you invoice your customers sooner.
With Praxedo’s preconfigured forms, technicians make fewer errors entering data and you don’t have to worry about illegible handwriting. Plus, transmitting the final report is super easy. What this means is that you invoice your customers sooner.
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Avoid unpaid invoices
Communicate better with contractors by digitising your work orders and including photos that have been tagged with time, date and location info. This full transparency will reassure them, reduce disputes, thus avoiding unpaid invoices.
Communicate better with contractors by digitising your work orders and including photos that have been tagged with time, date and location info. This full transparency will reassure them, reduce disputes, thus avoiding unpaid invoices.
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Protect your operating margin
Get the tools and indicators you need to effectively grow your business with Praxedo. Integrating Key Performance Indicators (KPIs) tailored to your business into the platform will give you a clear view of your operations so you can make strategic decisions that will increase your revenue.
Get the tools and indicators you need to effectively grow your business with Praxedo. Integrating Key Performance Indicators (KPIs) tailored to your business into the platform will give you a clear view of your operations so you can make strategic decisions that will increase your revenue.
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Frequently asked questions about improving invoicing
How will Praxedo help me in improving dso and my invoicing process?
By filling out electronic service reports in Praxedo’s mobile app, your technicians automatically ease the invoicing process. Conditioned fields in the forms guide them to complete everything correctly, include photos with time, date and location info, and acquire customer signature on the spot. More accurate service reports are then automatically sent back to the office electronically.
What features does Praxedo offer to reduce DSO and secure my company’s cash flow?
Praxedo’s mobile app automatically sends service/work order reports back to the office once a job is completed, so your accounting department gets all it requires to accurately and immediately invoice customers. You’ll reduce your DSO and secure your cash flow by significantly speeding up invoicing times.
How can I improve my operating margin and invoicing?
Praxedo optimizes every aspect of your Field Service Management process. You’ll easily improve your operating margin and reduce time spent on scheduling. By decreasing the administrative burden of your technicians and optimizing their trips, you’ll increase the number of jobs they take on each day. And you’ll know exactly what to charge your customers for.
Best practices for improving invoicing
Practical Guides
Ready to take the next step?
Get started today!
Contact us and we’ll help you schedule your next route.
Contact us and we’ll help you schedule your next route.
