Invoicing and managing bills are a pain for startups and freelancers as it eats into precious time which could be otherwise spent in growing the business. Players like Freshbooks, Blinksale, Zoho Invoice, BillBooks and Invoicera help startups or small businesses to generate online invoices, manage their expenses, send auto payment reminders etc. The latest startup in the space is New York based BillGrid.
BillGrid offers software as a service (SaaS) based solution for billing and time management meant for freelancers and startups. It allows users to generate invoices, estimates and accept payments with handy tools like time tracking and payment reminders. On top of these, it lets you to customize invoices’ look-and-feel with style, color, formatting, multiple companies and logo support for folks running multiple businesses under one entity.
The company was founded by a team of software entrepreneurs with experience in many Fortune 100 companies. “We are trying to solve the problem we’ve hit ourselves by creating a client billing, time and expense tracking in the cloud,” said Anton Mar, co-founder, BillGrid.
BillGrid assists small businesses right from creating a quote to initial invoice (prepayment) logging time/expenses and ultimately payment. Nearly one fourth of its business comes from the United States and the rest from India, Canada and UK. The company sees India as potentially big market, which contributes 10% of its clientele.
Compared to Zoho invoice and BillBooks – BillGrid is fairly cheaper. It currently offers two monthly subscription plans “professional” and “company” priced at $8 and $20 with features like unlimited invoicing, online payment gateway and bank level security. For multiple staff logging the businesses will have to choose the later plan ($20 one). Zoho Invoicing offers two paid subscription plans standard and professional which cost $15 and $30 respectively while Pune based BillBooks charges $10 for 20 invoices, $35 for 100 and $60 for 200 invoices without any expiration date of bought credits.
The company has plans to support more payment providers, add customisation, local languages and a few features they aren’t ready to reveal yet. So far the company is bootstrapped by founders and is not looking to raise any investment.