Streamlining Financial Operations with Digital Dollar Invoicing
We are constantly building with our customers in mind. In our conversations, a recurring pain point becomes a focus for anyone dealing with billing clients: invoicing in digital dollars is overly complex. At Mural, we went through each step our customers encountered, from drafting an invoice to receiving digital dollar payments, and set out to refine the process. We aimed to transform stablecoin invoicing from a complicated ordeal into a simple action. We worked alongside our users to iterate our Invoicing feature to what it is today. In this blog, we will cover the real-life use case of Invoicing and how those thought partners use it in their everyday operations.
Digital Dollar Invoicing in Use
A forward-thinking software development agency that works with global clients requires a payment system that allows them to collect instant global payments. This agency adopted Mural's platform to issue invoices and collect digital dollar payments, in this case in USDC, a treasury-backed stablecoin issued by Circle.
Addressing Complex Financial Processes
Their problem before Mural was multifaceted: managing separate systems for invoicing, payroll, and vendor payments led to a complicated financial process. Each software had its use, so the financial operators spent days every month reconciling the transactions and log in to accounting software manually. In addition, the challenge was also in maintaining an efficient cash flow, which involved billing clients and ensuring that the funds received could be efficiently redirected to cover payroll and vendor expenses.
The Power of Stablecoin Invoicing
Enter Mural's Invoicing. This innovative tool enables agencies to send professional, compliant invoices directly to their clients, who can conveniently pay using their preferred digital currencies. The digital dollar payment is received in their Mural account, where the agency can immediately allocate funds for payroll and vendor payments, all within the same platform.
The benefits were immediate:
Unified Platform: No more switching between different financial services. Invoicing, payroll, and vendor payments are all conducted on Mural.
Increased Transparency: Every transaction, from billing to payment, is visible and trackable in real-time, reducing errors and the need for reconciliation.
Time and Cost Efficiency: The streamlined process eliminates the need for intermediaries, cutting down on transaction times and costs. All while using digital dollars for instant global payments.
Financial Agility: With the ability to quickly invoice and receive payments in digital dollars (USDC, USDT, and more), you can maintain a fluid cash flow.
These benefits underscore the growing preference for digital dollars, especially USDC (USD Coin), in modern financial operations.
Why Choose USDC for Invoicing?
USDC is a stablecoin pegged to the US dollar, offering the benefits of blockchain with the stability of traditional money. This stability makes USDC an ideal choice for businesses that prioritize consistency and predictability in their financial operations.
USDC Invoicing with Mural
With Mural's invoicing feature, the issuance of USDC invoices becomes not only straightforward but also efficient. Our platform enables you to create and send compliant, professional invoices, which your clients can pay in USDC. The process not only simplifies transactions but also ensures a quicker turnaround time for payments, enhancing your cash flow management.
Benefits of Using USDC Invoicing on Mural
Stability and Trust: Leverage the stability of a dollar-pegged cryptocurrency, reducing the risks associated with currency fluctuations.
Global Reach: USDC's wide acceptance and ease of transfer make it ideal for international transactions, broadening your business horizons.
Reduced Transaction Costs: Enjoy lower transaction fees compared to traditional banking systems, making financial operations more cost-effective.
Real-time Tracking: Monitor your financial transactions in real-time, offering unparalleled transparency and control over your finances.
Incorporating USDC invoicing into your business operations with Mural places you at the cutting edge of modern financial technology. This adoption signifies a shift towards more streamlined, efficient financial processes.
Take the Next Step with Mural
This real-world application of Mural's Invoicing feature illustrates how it can simplify and consolidate financial operations, making it an invaluable tool for businesses navigating the digital age.
Discover how Mural can redefine your financial workflow. Whether payroll, vendor payments, or client billing, embrace efficiency with Mural's Invoicing. Get started today by booking a demo.
