Australian fintech Zeller has announced an update to their all-in-one B2B financial super app, including the release of new invoicing functionality, enabling small businesses with a fully mobile solution to create, manage, track, and send invoices directly from their smartphone. As Australia’s only B2B financial super app, Zeller App delivers business owners access to every product within the Zeller financial ecosystem, including invoicing, transaction accounts, card management, fund transfers, expense tracking, and payments acceptance, all from a single app.
Late payments for Australian small businesses are amongst the worst in the world, with an estimated $115B owed annually in outstanding invoices, with most being paid on average 27 days beyond the due date. By sending and managing invoices within the Zeller App, business owners are getting paid faster, while also reducing the administrative burden of manually issuing, mailing, and following up late invoice payments after-hours.
Zeller Invoices is proven to get invoices paid faster; with 75% of invoices sent with Zeller paid on the same day. The increasing preference amongst Australians for the convenience and security of electronic payments is also impacting payment times; Zeller’s data highlights that invoices sent and paid online through Zeller’s secure online payment gateway are paid 7 times faster than those settled manually by cash or bank transfer.
Zeller Super App offers features designed to streamline invoicing for business owners:
- Send invoices instantly from a smartphone: Invoices can be built and sent in 7 clicks from Zeller App, reducing time spent after-hours manually issuing invoices to clients.
- Customisable invoice designs: Add a business logo, customise invoice design, and add personalised messages to ensure invoices are personalised and on-brand.
- Attach contacts to invoices: Utilising Zeller Contact Directory, contacts can be appended to invoices to track recurring payments from regular clients.
- Schedule and automate reminders: Reminders can be scheduled and automated to be sent to late payees, ensuring invoice settlement is kept top-of-mind.
- Real-time payment tracking: Receive instant in-app notifications when an invoice is paid, and track payment status of outstanding invoices from Zeller App.
- Secure online payments: Invoice recipients can make invoice payment instantly utilising Zeller’s secure online payment gateway.
- Improved cash flow: Funds paid from invoices are settled nightly, 7 days a week to any Zeller Transaction Account, significantly boosting business cash flow by reducing settlement delays.
- Lower costs: Merchants can send unlimited invoices free, with no monthly software subscription costs. Transaction fees for invoices paid online with Zeller are on average 30% lower than other providers.
“Getting paid fast is one of the most important elements of maintaining a healthy business cash flow” said Ben Pfisterer, Zeller CEO and co-founder. “Now that Zeller Invoices lives natively within the Zeller App, merchants can issue invoices instantly, track outstanding payments from anywhere, and ensure they’re getting paid faster. As we continue adding more products to the Zeller financial services ecosystem, we’re making it simpler for Australian business owners to accept payments in more places, access their funds faster, and get a holistic view of their overall business financial health that no other bank or provider can offer them. That’s why over 70% of Zeller customers utilise 2 or more products from our ecosystem; it’s enabling them to better manage their business finances.”
“Being able to send invoices from the Zeller App has made it easier for me to get paid. I don’t need any extra devices to send an invoice, just my smartphone” said Paul Doody, who runs Panda Dry Cleaning & Laundry Services in Sandringham, Victoria. “The ability to add pre-populated items to an invoice makes it a lot faster to create and send, and triggering reminders to customers to prompt them for payment has streamlined my entire invoicing process. I’m no longer wasting hours issuing and chasing late payments; it’s literally saving me hours every week.”
Zeller App can be downloaded free via the App Store or Google Play here.