Kuala Lumpur, July 27: Starting from today, Zoho Corporation will make its online invoicing solution, Zoho Invoice – free of charge as a way to show its support for small and medium-sized businesses (SMB).
In a statement, the company said, Zoho Invoice offers advanced capabilities such as time tracking, auto-recording of expenses, project billing, and 30 plus real-time reports to help freelancers and small businesses easily navigate the billing and payment collection process, without the concerns of cost.
“We hope to offer Zoho Invoice for free continues to help businesses rebuild and grow amongst challenging times that they face today and for the future,” Zoho Corporation VP & GM, APAC Gibu Mathew said.
For SMB businesses billing and payment, the collection has continued to be a challenge, due to administrative costs, limited staff, and insufficient time resources.
Additionally, businesses need the ability to access data remotely, which has caused a shift from on-premise solutions to cloud-based solutions.
A forecast report by Business Market Insights, published last June notes that the Asia-Pacific e-invoicing market is projected to grow at a CAGR (compound annual growth rate) of 17.1 per cent from 2020 to 2027, the market is expected to reach USD$ 4,217 million by 2027, from a base of USD$ 1,241 million in 2019 with cloud-based solutions expected to drive this growth.
Fully cloud-based, Zoho Invoice enables businesses to create and send fully customised, professional invoices in less than a minute, follow up for payments automatically, and get paid online to achieve efficiency in their invoice process.
Zoho Invoice supports has helped businesses since 2008 and comes in multiple languages such as Thai, Vietnamese and Bahasa Indonesia.
The company’s free offering will continue to help businesses streamline their billing and payment collection process through simplified billing, tax handling, and more.
Zoho Invoice is available for free immediately on the web and can be downloaded on mobile across all devices.
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