Assist Biz: Most-Affordable Invoice Management Software

Managing invoices and receipts manually can be a time-consuming task, often riddled with errors and inefficiencies. Businesses spend countless hours inputting data by hand, which not only consumes valuable resources but also diverts attention from critical tasks that drive growth and innovation.

Fortunately, now we have a solution! With advanced software platforms like ASSIST, businesses can automate the process of extracting data from invoices and receipts, saving up to 90% of the time and money typically spent on manual entry. 

This innovative approach empowers teams to focus on strategic priorities and make more informed decisions while benefiting from enhanced accuracy and efficiency.

Let’s explore how ASSIST’s cutting-edge software can transform your document management process.

What is Invoice Management Software?

Invoice management software is a digital solution designed to streamline the process of handling invoices. It automates key tasks like invoice data capture, processing, and approval, reducing manual effort and errors.

Imagine this: you have 50 invoices to process. Before using AI, you’d spend over 10 hours manually entering each one, line by line. With software like Assist Biz, you can just upload all your invoices at once. In seconds, the AI processes the data, and you have everything ready in just a few minutes. Plus, you can send this data directly to your accounting software, like Xero or QuickBooks, with no extra hassle.

Research from Infosys BPM shows manual invoice processing costs $12–$35 per invoice, while automation reduces it to $5, saving thousands annually. AI also cuts errors by 40%, ensuring accurate data and fewer discrepancies. It’s faster, cost-effective, and accurate. 

The Benefits of Using Invoice Management Software

Managing invoices manually can be time-consuming and costly, but AI-powered invoice management software offers transformative benefits for businesses. Here’s how it can make a difference:

• Cost Savings: Reduces invoice processing costs from $12-$35 to approximately $5 per invoice, leading to significant financial savings.
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• Efficiency Boost: Decreases processing times by up to 73%, speeding up workflows and improving overall efficiency.
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• Higher Productivity: Increases invoice capacity by 115%, from 10,853 to 23,333 invoices per employee annually.
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• Error Reduction: Cuts human errors by 40% and reduces error rates by 60%, from 2% to just 0.8%.
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• Discount Capture: Enables businesses to secure 85%-95% of vendor discounts, compared to 58% with manual processes.
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With these advantages, invoice management software helps businesses save time, reduce costs, and achieve greater accuracy, making it an essential tool for modern financial operations.

Introducing Assist Biz: The Most Affordable Invoice Management Software

Introducing Assist Biz, the most affordable and intuitive invoice management software designed to streamline your financial processes. Packed with powerful features like SmartLearn technology, automated invoice processing, AP and AR automation, and seamless integration with Xero and QuickBooks.

Assist Biz helps businesses save time, reduce errors, and optimize their finances—all at a price that fits any budget, with a free lifetime trial!

Key Features of Assist Biz Invoice Management Software

• Digitizing Invoices at Your Fingertips
  Easily transform paper-based invoices into digital records, reducing paper waste, saving time, and improving document accessibility.
• Automated Invoice Processing
  With Assist Biz, invoices are processed quickly and accurately, reducing manual effort and minimizing errors. This feature ensures smooth workflows for businesses of all sizes.
• Accounts Payable (AP) Automation
  Simplify your AP processes by automating invoice approvals, payments, and tracking. This helps avoid late payments and improves cash flow management.
• Accounts Receivable (AR) Automation
  Keep track of your receivables effortlessly. Assist Biz automates reminders and payment collections, ensuring timely cash inflow for your business.
• Seamless Integration with Xero and QuickBooks
  Assist Biz integrates seamlessly with popular accounting platforms like Xero and QuickBooks. This enables synchronized financial data for streamlined reporting and accounting processes.
• SmartLearn Technology
  The SmartLearn feature adapts to your corrections, learning your unique preferences for invoices and receipts. It personalizes templates automatically, eliminating repetitive tasks and saving valuable time.
• Cloud-Based Accessibility
  Access your invoices and financial data anytime, anywhere, through Assist Biz’s secure cloud-based platform. Stay connected and ensure data protection without additional infrastructure.
• AI-Powered Document Management
  Assist Biz uses AI to capture, digitize, and organize invoice data, reducing manual data entry and improving compliance and audit readiness.
• Free Lifetime Trial
  Experience the benefits of Assist Biz with a free lifetime trial, providing essential features at no cost, making it ideal for startups and small businesses.

Read more The Difference Between Accounts Payable vs. Accounts Receivable

Assist Biz Pricing – Affordable & Scalable with Free Trial Lifetime!

Assist Biz offers a range of pricing plans to accommodate various business needs:

• Free Plan: This plan allows for 50 pages with no time limit, providing essential features such as document classification, automatic extraction of document details, export to CSV, multi-language support, integration with Xero and QuickBooks, and email support—all at no cost.
• Standard Plan: Priced at $8 per month (or $90 annually), this plan includes 50 pages per month and adds the ability to add members, alongside all features available in the Free Plan.
• Premium Plan: At $16 per month (or $180 annually), the Premium Plan offers 1,000 pages per month, along with all features of the Standard Plan, making it suitable for businesses with higher processing needs.
• Enterprise Plan: The Enterprise Plan offers all Premium features plus tailored solutions, including custom integrations, advanced security, scalable options, regulatory compliance support, and AI/ML customizations. Pricing for this plan is available upon request.

These flexible pricing options ensure that businesses of all sizes can find a plan that fits their requirements and budget. 

Assist Biz Pricing Comparison with Other Invoice Management Software

Assist Biz offers a cost-effective solution with essential features for small and medium-sized businesses, while Yooz caters to larger enterprises with advanced capabilities and scalability.

Real Case Studies: How Invoice Management Software Help business 

Case Study 1: Streamlining Operations for a Small Business

A boutique marketing agency with 10 employees struggled with manual invoice processes, leading to errors and delayed payments. By adopting invoice management software, they automated invoice processing and integrated it with their accounting platform. This reduced processing time by 70%, improved data accuracy, and eliminated the need for a dedicated invoicing staff member, saving on operational costs.

Case Study 2: Enhancing Efficiency for a Medium-Sized Manufacturer

A manufacturing firm handling high invoice volumes faced delays and strained vendor relationships due to missed payment deadlines. Implementing invoice management software automated their accounts payable workflows, reduced approval time by 80%, and ensured timely payments, significantly improving vendor satisfaction and enabling the reallocation of one AP team member to other critical tasks, cutting staffing expenses.

Case Study 3: Supporting Growth for a Startup

A growing tech startup needed a scalable and cost-effective invoicing solution. By using an invoice management tool with a free trial and cloud-based features, they streamlined financial processes, scaled seamlessly with increasing invoice volumes, and managed invoicing with fewer resources, reducing the need for additional hires and staying within budget.

Conclusion: Affordable, Scalable, and Simple for All Company Sizes

Assist Biz is a great choice for businesses looking for an affordable, scalable, and simple solution to manage their invoicing. With features like automated invoice processing, easy integration with Xero and QuickBooks, and tools to reduce workload, Assist Biz helps businesses save time, cut costs, and work smarter.

Sign up for the free lifetime trial or schedule a demo to see how Assist Biz can make a difference for your business.

FAQ on Assist invoice management software

1. What is invoice management software?
   Invoice management software is a tool that automates the creation, processing, and management of invoices, helping businesses streamline financial workflows, reduce errors, and improve efficiency.
2. How does Assist Biz help reduce operational costs?
   Assist Biz minimizes the need for manual invoicing by automating processes and integrating with accounting platforms. This reduces the workload, allowing businesses to operate with fewer resources, potentially saving the cost of an additional staff member.
3. Can Assist Biz integrate with my existing accounting software?
   Yes, Assist Biz seamlessly integrates with popular accounting platforms like Xero and QuickBooks, making it easy to synchronize your financial data.
4. Is there a free trial available for Assist Biz?
   Yes, Assist Biz offers a free lifetime trial, allowing businesses to use essential features without any cost and determine if the software meets their needs.
5. Is Assist Biz suitable for small businesses?
   Absolutely! Assist Biz is designed to be affordable and easy to use, making it an ideal solution for small businesses looking to automate invoicing without stretching their budget.

An expert in finance, accounting, and AI, he specializes in crafting clear and actionable content to help businesses streamline processes and drive success.