Billing for professional services in large companies can be a complex and time-consuming process. There are many different types of professional services that a company may provide, and each type of service may have its own unique charging method and billing process. In addition, large companies often have multiple departments or divisions that may be assigned to providing different types of professional services.
Using Oraroo for professional services will surely make it as simple and efficient as possible.
The first step in billing for professional services with Oraroo is to define the catalogue of different types of services that were provided. This can be a challenge, as there may be many different types of services performed by a variety of different skilled workers in the teams.
Once all of the services have been proposed to a customer, the next step with Oraroo is to determine what kind of pricing method and fee levels will be used for each type of service. This can be a complex process, as different departments may have to balance differently revenue targets against a single customer.
Once the services have been delivered, the time spent or the results were properly tracked in Oraroo, the next step is to create and verify invoices for each service. With Oraroo, this is not a time-consuming process, as invoices are automatically calculated and an Invoice Review process allows managers to make sure each invoice is accurate and must include all of the necessary information.
The final step in billing for professional services with Oraroo is to generate the actual invoice document using a specific template and send them to the right customer department or division in a timely manner. The objective, of course, is to have a cash collection process as effective as possible and ensure the company has the right liquidity to cover for salaries and other costs.