We outline the market outlook for accounting, invoicing, and tax in the financial services industry — from investment trends and leading companies to recommendations for the players in the space.
What is accounting, invoicing, & tax?
Accounting, invoicing, and tax companies develop accounting automation, invoicing, and tax solutions. Others offer tools for bookkeeping, accounts payable or augmented reality automation, cash management, forecasting, tax compliance, procurement, and financial planning and analysis.
Features & capabilities
Accounting, invoicing, and tax services provide small and medium-sized business (SMB) leaders with several capabilities, including the following:
- Software-as-a-service business management solutions
- Automated and real-time cashflow monitoring and forecasting
- Automated financial report creation
- Automated onboarding process
- Staff management platforms
- Cash and expense management tools
Benefits
Accounting, invoicing, and tax services offer these substantial benefits to SMB leaders:
- Improved cash conversion cycle
- Enhanced customer experience
- Increased same-session checkout rates
- Reduced cost of operating business
- Reduced financial and compliance risks
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