Invoice Management Software with Inventory Management
Why shouldn't your invoice management software also include inventory management?
Invoice management software is typically used to help SMB’s get paid faster. They usually include features such as sending and receiving estimates and invoices with payment processing and a payment workflow. These days most, if not all, include a mobile application. However, not many invoice management software solutions offer inventory management. Systems such as FreshBooks, QuickBooks Online and Wave Apps simply don’t offer these features. Maybe the reason behind this is because they are not targeting SMB’s that also need inventory, which is a shame. Alternatively, InfoFlo Pay includes all the features required for SMB’s to manage all their invoices, in addition inventory management. In this article we’ll dive deeper into how InfoFlo Pay does this.
First and foremost, inventory management can only work if inventory for each item can be calculated each time a new line item is added. This amount needs to be subtracted from the total amount. This is exactly what InfoFlo Pay does. However, InfoFlo Pay only subtracts from the total inventory when all line items are added and submitted. It will then check the level of inventory if the level is too low, it will show an error. Similarly, if an estimate or order is created but it needs to be altered, the InfoFlo Pay invoice management software solution will know to update the inventory amount. It will only return the inventory back if the line items change or the estimate/order is removed. In this way, SMB’s that require inventory management can always rest assured that their inventory is always up to date.
But how does InfoFlo Pay load all of the initial inventory? Well it includes an import tool. All inventory is imported into the system to ensure that there isn’t a misspelling. Once imported, the user simply needs to go to the inventory section and add the current inventory amount. At any time, they can come back to add more inventory. Pretty simple right? Also, InfoFlo Pay includes charts to show you the total inventory amount of each inventory item added and it’s mobile friendly so you can actually be on the road or in your warehouse to receive this critical information.
Moreover, the InfoFlo Pay invoice management software solution can also include notifications that are email to the user to let them know of new orders and when inventory has reach a threshold with the user can define. With this notification workflow in place, SMB’s who require invoice management software with inventory management should purchase InfoFlo Pay as it will meet your needs while also getting you paid faster.
I hope this article was helpful in explaining the benefit of an invoice management software solution fully integrated with inventory management and why InfoFlo Pay is the perfect fit.
Janine Bocateja
This app will definitely help companies with invoice management. Helps them organize with their team and to operate very well. Nice post.
bukky
Inventory management makes it easier to know what’s in store and what you need order ASAP. it’s really sweet of you to include that. Nice one guys
Oyeyipo Oladele
I love and support the ideal of you having Invoice Management Software with Inventory Management being incorporated together. Technology has gone up to that stage. Thanks for this good post.
Prince
Wow, this really took care of the issues with manual invoicing methods. Hope the cost for this software isn’t too much?
Abbie Bett
Having used Quickbooks for years I agree that invoice management software solution fully integrated with inventory management. I like the sound of InfoFlo Pay and actually looking for it to test it out right now.
Mark Janeo
A very useful tool for businesses. Especially on the eCommerce side.
Cici
So much information to learn here on invoice management. I’ll definitely come back here to learn more about this topic.
Karen
I’ve never managed an invoice before, but if I ever had to, I find this information very helpful. I like the way you’ve gone into details.
Mery Castle
It is important to know that not all invoice management software solutions offer inventory management, and the good thing is that in this article they provide us with the information to take into account which brands do not have inventory management, thank you very much for the information.
bright
Thanks for this post, it was very educating about invoice management and infoflo pay.. I have learned something new since I’m no business person.
Don
This is great to hear! Inventory management will definitely help me to streamline my business.
Roy
Nothing beats an all in one convenient software. I will most definitely making my move to InfoFlo Pay!
Meg W
An invoice management system that also includes inventory management sounds like a brilliant idea. I am sold on the idea.
Patricia
Does InfoFlo Pay include a mobile app companion? Nowadays people are so reliant on mobile.
Oliver
I think InfoFlo Pay is much more convenient that Quickbooks or Freshbooks. I highly recommend it.
Daphne
The upside of InfoFlo Pay is that you get all the tools your business may need in one simple convenient software. That’s more than I can say for most software out there.
Teddy
This does really help save a lot of money for SMBs. You basically don’t have to purchase a separate inventory management software!
Louis
The import tool bundled with InfoFlo Pay is very convenient. It makes work a whole lot easier.
Shantel
I love the fact that InfoFlo Pay allows you to visualize your inventory levels by use of charts. That’s a neat little feature that makes a big difference.
Anderson
InfoFlo Pay being mobile friendly is a big plus for me. I am always on the road and such a feature really comes in handy.
Storm
Email notifications are a great addition to the software. That way I can always know whenever there is activity.
Sylvia
This article very clearly outlines the benefit of an invoice management software solution fully integrated with inventory management. It is much better than simply a standalone invoice management software.