Case Studies: See How Much Money LiquidInvoice Can Save You
Case Study #1: Law Practice
Company: Receiving $500,000 in payments with credit cards.
Opportunity: Credit card companies are collecting 2.5% to 3.25% of billings plus transaction fees, amounting to costs of $14,375 per year .
Solution: LiquidInvoice allows for clients to pay by eCheck (ACH*) at a cost of $1.00 per transaction in lieu of credit cards, or allows the law practice to optionally add the credit card fees to the bill as incentive to use eCheck
Net savings: Over $14,000 per year
Case Study #2: Printing Company
Company: Receives payments from wholesale customers via wire transfers
Opportunity: Wire transfers for cost of $20 per transaction amounting to $120,000 in fees per year
Solution: LiquidInvoice allows for clients to pay by eCheck (ACH) in lieu of wire transfers $1.00 per transaction
Net savings: Over $114,000 per year
Case Study #3: Internet Company
Company: Receiving payments from customers via traditional checks
Opportunity: Billing and collection of 60 transactions per month require a part-time person to handle the printing, sending, tracking, receiving, endorsing, and deposition of checks at a cost of $30,000 per year
Solution: LiquidInvoice allows for the company to bill and collect automatically with deposits going directly and more securely into their merchant account
Net savings: Over $15,000 per year
Benefits & Features That Get You Paid Fast
Easy Invoicing & Cash Collection
- Spend less time and money on invoicing
- Get fast funds collection and depositing
- Gain more time operating your business & avoid duplicate payments
- Increase your percentage of bank transfers to avoid costly credit card fees
- Lessen the need to have a dedicated or part-time billing person
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Billing: Send invoices easily and quickly. Import your customer lists to avoid manual entry. Optionally add attachments to explain details.
Receiving Payments: Collect and deposit payments automatically. Accept all major credit cards and economical ACH bank transfers. Track cash flow through automated reports and dashboards.
Accounting: Pass billing and payment data directly into leading accounting packages. Lessen the need to have an employee or contractor to administer billing and accounts receivables. Have all data backed up for easy access and for disaster recovery.
Report Exporting: Export all reports to Excel or other formats for analysis or record keeping.