Central Billing Explained
Benefits to Members
Paying and reconciling invoices for members becomes much simpler, with only one monthly statement to check and pay multiple suppliers. This saves both time and money. Our specialist one billing software also allows members to set and track purchasing budgets (open to buy) and will sync daily with both MYOB and Xero.
Ultimately central billing is a useful management tool for cash flow and forecasting.
Benefits to Supply Partners
Central Billing for suppliers means, only one monthly payment for all the members for all the invoices that are due. Ease of entry for new retailers into your sales channel and only one credit application for the head office account. It contributes to increases in sales performance, reduces administration costs, centralises debt collection and importantly it centralises account reconciliation.