With losses as a result of the postal strike so far estimated to be around £260 million, businesses are keen to know how they can beat the strike and keep the cash flow coming in despite the interruptions to the mail service. Spindle Professional , created by Draycir, is an affordable and easy-to-use software product that generates instant electronic invoicing and statements, eliminating the need to physically mail them out, thereby beating the postal strike.
BACS payment of invoices by customers in receipt of electronic invoices enables business to bypasses the postal system entirely. It is therefore possible for businesses to function as normal from a finance and cash flow point of view, by using Spindle Professional in conjunction with electronic banking (which is now available to even the smallest of businesses).
Even when the postal strike ends, it will cause massive backlogs of post, which it is estimated could take weeks to sort out. Delayed invoices will impact on payment and therefore cash flow; but Draycir has the answer to help business beat the postal strike.
Spindle Professional has received validation from HM Customs & Excise as an accredited form of electronic VAT invoicing. The approval of HM Customs & Excise means many thousands of businesses can now stop posting out unnecessary VAT invoices and simply e-mail or fax them using Spindle Professional instead.
One company that is already reaping the benefits of using Spindle Professional is Draycir business partner, Sicon. “We use the electronic mailing system that the software generates, so we haven’t faced any adverse financial consequences due to the postal strike,” says Jane Youngman of Sicon. “We also save on the enormous cost of paper and postage, so all in all we are delighted with the results of using Spindle Professional. A lot of our clients use Spindle Professional for the same reasons.”
Robert Ball, managing director of Draycir, said: “ Spindle Professional has superseded the need to post out VAT invoices, meaning that finance departments can now protect themselves from the high cost and unreliability of the postal system.”