Managing a coworking space of this scale comes with its share of obstacles. Among them was the need to handle payments and invoices effectively. In the past, Daftarkhwan relied on multiple teams to manually handle invoice creation, sending, reminder setup, payment collection, and invoice reconciliation. This labour-intensive process consumed approximately 5 (five) days of their valuable time for the invoicing process.
To address these challenges and optimise efficiency, Daftarkhwan leveraged Loop's invoice software. By automating invoicing processes and real-time data monitoring, they witnessed remarkable improvements in their operations. The strategic implementation significantly reduced their invoicing cycle from 120 hours to less than 48 hours for all of their clients, optimising efficiency while boosting cash flows. Their team members now only take one day to create all the invoices and another to send them to all the clients, using Loop’s invoice template. Loop's seamless integrations enabled Daftarkhwan to automate invoicing, check outstanding invoicing, and allow clients to change invoice status without going back and forth through emails, all while ensuring robust security measures.
The time taken to complete each invoice was reduced by 60%, enabling quicker access to funds and improving the efficiency of the business.
With invoicing streamlined, workers could shift their time to more valuable accounting-related tasks, enhancing overall productivity.
Daftarkhwan leveraged Loop's automated reminders for overdue invoices, streamlining collections and fostering transparent communication with clients.
Loop's easy-to-use dashboard minimised invoice reconciliation and discrepancies and accelerated vendor account settlements efficiently.
Daftarkhwan embraced the convenience of handling large invoice volumes simultaneously with Loop’s bulk invoice feature, saving significant time and effort.
Loop's invoicing solutions offered easy access to payment records, enabling quick verification of transactions.
Real-time updates on invoicing status eliminated the need for manual follow-ups, ensuring smoother client communication.
By embracing Loop's free invoice template, Daftarkhwan successfully streamlined their billing process and optimised workforce productivity. The efficiency gained through automation allowed Daftarkhwan to focus more on its core business, while Loop's seamless integrations ensured secure, reliable, and efficient invoicing processes. As a result, Daftarkhwan continues to offer exceptional services to its clients and maintains its position as a leading coworking space in Pakistan.