Rocketlane Introduces Enhanced Invoicing for Precision in PSA Billing Management

Rocketlane Unveils Advanced Invoicing Feature to Revolutionize PSA Billing

In the fast-paced world of professional services, accurate billing is not just a necessity but a cornerstone of financial management. Rocketlane, the leading Professional Services Automation (PSA) platform, has rolled out new invoicing features designed to address the critical challenges teams face in maintaining billing accuracy. These enhancements promise to eliminate traditional bottlenecks associated with manual invoicing processes, keeping businesses financially agile.

Addressing the Billing Challenges

Teams managing professional services often struggle with various aspects of billing— be it handling timesheet approvals or reconciling data from multiple sources. Manual processes can create delays, impacting cash flow and productivity. According to Srikrishnan Ganesan, CEO of Rocketlane, the introduction of this invoicing feature directly targets these inefficiencies: “Too many teams spend time validating data from exports, leading to errors. Our new feature simplifies this by allowing teams to review their time logs conveniently and generate invoices without confusion.”

Key Features of Rocketlane's Invoicing

1. Flexible Billing Models: Whether it's time-and-materials, fixed-fee, or subscription-based billing, Rocketlane supports various models and can handle multicurrency transactions, facilitating operations on a global scale.
2. Automated Approval Workflows: Users can create customized approval workflows that suit their specific business processes, whether needing rapid approvals or multi-layered reviews.
3. Comprehensive Revenue Dashboard: The new invoicing tool provides users with visibility into their billed, paid, and pending invoices, also offering cash flow forecasts through in-depth insights.
4. Seamless Accounting Integration: With the capability to sync invoices with popular accounting tools like NetSuite, Sage, and QuickBooks, users can ensure data consistency, dramatically reducing manual data entry.
5. Improved Cash Flow: By converting approved time logs into invoices automatically, the process cuts down delays and allows teams to concentrate on growth rather than paperwork.