How to Help Your E-Commerce Clients Reap the Rewards of Recurring Billing
January 9, 2022
Written by: Dawn Brolin
Does your practice have a niche in accounting or tax preparation for e-commerce businesses? Maybe you’re a bookkeeper with clients who are moving toward an e-commerce model. No matter how your e-commerce clients find you, the best way to meet the opportunity to serve them is by providing an integrated, automated, comprehensive solution, including all of the technology and apps they need to succeed.
A key component of an e-commerce client tech stack is, of course, a robust and seamless payment platform. My recommendation for that is Veem, which I recently added to my Starting Lineup. In addition to the fact that Veem has seamless, real-time syncing and two-way integrations with QuickBooks Online, Xero and Netsuite, it also makes recurring billing and invoicing a breeze. And, did I mention,there’s no subscription fee? Even international transactions with Veem are much cheaper and fairly priced than the banks.
What’s the big deal about recurring billing, you might ask? Well, for e-commerce clients, it truly is a game-changer in terms of the way they offer services, manage cash flow and increase revenue. When you consider how the economy as a whole has shifted to predominantly online transactions for many businesses—and has spawned a whole new sector of e-commerce companies, it’s a trend that you are likely to see more of in the coming months and years. So it’s time to be prepared to help your clients with a solution such as Veem that can address key issues including:
- The inability to scale the recurring billing and payment process. With Veem this is simple!
- Failed payments affecting revenue and cash flow. Not with Veem’s powerful platform.
- Feeling overwhelmed by the process of setting payments, billing, and recurring invoicing up in the first place! The Veem team makes it turnkey, plus there are tons of resources available to you and your clients.
- Lack of reporting capabilities and insights. With Veem’s sync with key software and other apps this is a non-issue.
- Integration issues with other key platforms your clients are using such as accounting and tax. As noted above, Veem is an integration machine, ready to go!
- The inability to expand globally. Veem is borderless and opens up the world to small businesses with no hassles related to foreign transactions.
If you have small business e-commerce clients offering subscriptions or who would like to do so, Veem can help implement the recurring billing and recurring payments effortlessly. One of the most amazing things about Veem is that no matter where your clients do business, they can utilize one centralized payment solution saving time and stress.
Talking about reducing stress, Veem also provides peace of mind because it is an encrypted platform with the highest level of payment security possible. My e-commerce clients (and myself!) are much more relaxed about the potential of cyber security breaches knowing that all of their customer’s data is safely stored and encrypted in the cloud.
When it comes to alleviating the challenges small e-commerce businesses face setting up a subscription model with recurring billing and invoicing, the best practice for productivity and profitability is to offer an end-to-end solution stack as well as your professional insights to position your firm as a true partner. For me, when it comes to payments and recurring billing for my e-commerce clients, Veem checks all of the boxes, including addressing all of the common issues I touched on above.
For me, having Veem playing on my tech team is invaluable. It also plays amazingly well with my bookkeeping, accounting and tax software, which makes providing that trusted advice and insights to my clients that much easier.
Take a look at Veem for accountants and talk to their amazing team about supporting your e-commerce clients and becoming part of your firm’s seamless, streamlined and secure payment solution.
Check out Dawn Brolin’s Starting Lineup for yourself!