SINGAPORE, July 28, 2021 — Zoho Corporation, a global technology company offering the most extensive suite of business software applications in the industry has announced that its online invoicing solution, Zoho Invoice, is now completely free of cost to further extend the company’s support for small and medium-sized businesses.
In the last four years, Zoho Finance suite of products revenue growth has rapidly increased, of which Zoho Invoice is a key element, demonstrating the need for a comprehensive invoicing solution for businesses from any industry to modernise their invoicing processes at an accelerated rate. To continue its support of the SMB community, Zoho Invoice offers advanced capabilities such as time tracking, auto recording of expenses, project billing, and 30+ real time reports to help freelancers and small businesses easily navigate the billing and payment collection process, without the concerns of cost.
For small and medium-sized businesses billing and payment 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 in June 2020 notes that the Asia-Pacific e-invoicing market is projected to grow at a CAGR of 17.1% from 2020 to 2027, the market is expected to reach US$ 4,217 million by 2027, from a base of US$ 1,241 million in 2019. Cloud based solutions are 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 multiple languages including Thai, Vietnamese and Bahasa Indonesia.
Zoho has always supported small and medium-sized businesses, and Zoho Invoice has helped businesses with their invoicing needs since 2008. Zoho Invoice’s free offering will continue to help businesses streamline their billing and payment collection process through streamlined payment collection, simplified billing, tax handling, and more. Invoice integrates with Zoho applications, and also integrates with third-party applications so that businesses can use the solution to sync their AR information to relevant systems contextually.
“We launched Zoho Invoice in 2008, with the goal of providing a fully customisable invoicing solution for businesses of all sizes. Since then we’ve grown to millions of users worldwide. Through the migration from paper-based invoicing to digital invoicing we’ve seen the need for simplified billing to fit the customised needs of the SMB community,” says Gibu Mathew, VP & GM, APAC, Zoho Corporation. “We hope offering Zoho Invoice for free continues to help businesses rebuild and grow amongst challenging times that they face today and for the future.”