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ovo’s free invoicing tool makes it easy for small business owners to send professional, customizable invoices directly from their checking account. Over the past two years, we've helped business owners send more than $350 million worth of invoices. During that time, we started to see new ways we could help simplify the experience for our customers even more and help them get paid faster.
Today, we’re excited to announce several major improvements to make invoicing easier for business owners and the customers they’re billing.
About Novo Invoices
Novo Invoices is available for free, directly in your Novo account, so you can automatically collect and reconcile payments in your transactions dashboard. As with other deposits, paid invoices will be automatically split according to any Reserves percent allocation rules you have set up.
New: Create and automate recurring invoices
As we spoke with our customers, the most common feedback we heard was that the ability to set recurring invoices would save business owners hours per month and ensure payment requests always went out on time.
With this launch, you can now set up recurring invoices to automatically send over a span of time. You can cancel or edit any upcoming invoice for better flexibility in managing your payment requests.
Get paid up to 2.5x faster
Businesses of all sizes struggle to get invoices paid on time. For those with limited cash flow, a delayed invoice payment can bring daily operations to a halt.
The most effective way to get invoices paid quickly is to give customers a variety of payment options. At Novo, we’ve seen that invoices including the option to pay by card are paid early or on time 2.5x more often.
To help our customers get paid faster, we’ve expanded our partnerships with Stripe, Square, and now added PayPal, so you can accept card payments on Novo Invoices through your preferred payment processor. Altogether, these integrations give customers dozens of payment options, including Apple Pay, Google Pay, Venmo, credit card, online ACH, and more.
Give Novo Invoices a try
- Log in to your Novo account and navigate to the Invoices tab
- Go to <Settings>, <Manage Payments> and connect your preferred payment processor whether it be Stripe, Square or PayPal
- Log into your Payment Processor and turn on or off the payment options you want to enable for your customers
Start getting paid faster today with Free, unlimited invoicing that you can customize to your business or schedule.
What’s next
We’re excited to continue improving Novo Invoices throughout 2023, so you can spend less time managing your business and more time growing it.
To learn more about Novo Invoices, check out novo.co/features/invoices, or experience the feature firsthand by creating an invoice in your Novo account. If you’d like to provide feedback on our latest releases or be involved in future prototypes, please contact us through the Support tab of the Novo app. We’d love to hear from you!
