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Billingo - E-Invoicing/E-Billing Solutions/Service Company
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Billingo: Leading the Way in Next Generation of Online Invoicing Platforms
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Albert Sárospataki, Chief Executive Officer, Szabolcs Besztró, Chief Operations and Strategy Officer of Billingo
Organizations worldwide strive to achieve fast-paced business processes while honing their financial management competencies to succeed in the ever-evolving market. However, in this era of digitalization, businesses that have not incorporated technology into their everyday life to enhance processes, monitor expenses, and automate operations are lagging in achieving a higher efficiency level and using such as a competitive edge in their respective industry.
Enter Billingo, a Hungarian online invoicing platform building the next generation of such solutions. It is approaching the administrative tasks of a business, such as invoicing, from a more holistic view. Billingo is still primarily an online invoicing platform, operating in a software as a service (SaaS) freemium model. Still, it provides its customers with much more than that. It is a one-stop shop suite that, in addition to outstanding invoicing, can support many other daily tasks of a typical SME—making a simple invoicing solution more than just an administrative tool that facilitates the success of an efficient, digitalized business.
On top of invoicing, Billingo helps users to digitalize the tasks that were conventionally manual or offline and reduces the reliance on people, information sources, data, or colleagues
Billingo started as an electronic invoicing company with an online platform that grew more robust and expanded horizontally to offer additional corporate administrative, operational, and financial services like stock management, risk management, marketing, and payment solutions.
On top of the online desktop solution, Billingo's platform is available for download as a mobile application on Android and iOS, with more than 30,000 downloads and with over a 4.8-star rating to date.
The list of smart solutions and automated processes Billingo can provide is already quite impressive. To list a few, Billingo's online invoicing can be synchronized with a user's bank account to automatically pair invoices with bank transactions.
Another financial solution is the SoftPOS capability of Billingo's MobileApp, which allows users to turn a mobile device into a point-of-sale terminal. Billingo users can check for any negative records, like bankruptcy or outstanding tax liabilities, through a single subscription to manage any financial risk associated with their partners. This solution is also beneficial for checking financial information, year-to-year growth, company data changes, and the overall financial stability of a partner or competitor of a business. Being well-informed in business is an essential key to success. As many growing companies are looking for financing and public grants for their development, Billingo tries to create value for its users in this area. Clients can monitor domestic and EU-level grant applications and funding programs within the platform and get notifications about the relevant ones for their business. In another field, even the brand advertisement of the users' can be enhanced with Billingo, as users can place personalized ads on the invoice download pages of Billingo itself.
Billingo's dashboard is a unique tool for gaining a transparent and precise overview of the status of the users' business. It consolidates financial, administrative, and operational information from disparate sources into one unified view. Billingo's dashboard has a top-down data structuring logic with customizable features, highlighting specific data based on user preferences.
"On top of invoicing, Billingo helps users to digitalize the tasks that were conventionally manual or offline and reduces the reliance on people, information sources, data, or colleagues," says Szabolcs Besztró, chief operations and strategy officer of Billingo.
A key differentiator of Billingo's platform is its 24/7 availability and automated backend data capture system. These enable entrepreneurs, company owners, senior executives, or decision-makers to make reliable and data-driven decisions without relying on subordinates. This provides a high level of independence and speed in day-to-day business management.
Billingo's emphasis on quickly gathering and responding to customer inquiries and market changes further strengthens the platform's capabilities. It proves how quickly Billingo adapted to the tax system changes in its domestic market in Hungary in 2022. Within weeks it managed to provide SOHO and SME customers with one of the best digital solutions to manage their flat-tax liabilities, in addition to the tremendous invoicing experience they already had. This success also helped drive more firms to opt for digital avenues for their business management.
Billingo is redefining conventional financial management through a digitalized path to save money, headcount, and time in the most efficient way possible. Moving forward, the broader services portfolio of the online invoicing platform aims to continue adding value to client businesses through hassle-free and secure daily business administration.
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