With all customer and contract data in one place, RunMags contains the tools for ensuring accurate billing as the fulfillment process is completed, effectively eliminating the need to transfer customer data to the accounting system. Simply issue all invoices with RunMags and let the automated workflows send gentle email reminders to late payers.
A billing process that is a breeze
As each advertising contract in RunMags is structured data with inventory sold, timing of placement, pricing, contacts and other important information, the billing process becomes a breeze. You can trust that each ad sold also will be properly billed once the delivery has been fulfilled. Once your organization is trained on how to enter information into the system from sales through production, you can automate the system to print out all invoices at the click of a button.
Since the invoicing process is automated and performed in RunMags, as opposed to a separate accounting system, Finance is not restricted to work in isolation. In RunMags, Finance get notified about late payments and have access to customer contact data for follow up and resolution. And like all other employees, Finance reps can add activities in RunMags to let colleagues know if an agreement with the customer was reached.
Delinquent payers can also be approached by the sales rep as part of the ongoing relationship for issue resolution. Sales reps can manage their accounts in RunMags and if they note that one of their customers is overdue, they can use it as an opportunity to strengthen the relationship and naturally get into a discussion about the next project.
Credit card and ACH payment processing (coming soon)
You can already use your Stripe account to let subscribers sign up and pay for their subscriptions on RunMags web portals. The next step for us is to use the same payment processing to include an option for your advertisers to pay by credit card or ACH when they receive their invoices by email. Stay tuned for more on this!