Northern Adelaide entrepreneurs Robin Sands and Sam Hassan have developed an innovative solution to give businesses greater control over their financial processes and cut costs.
Their Link4 solution uses cloud software to deliver invoices. More than 600,000 Australian businesses use cloud accounting systems that don’t “talk” to each other, forcing them to print and post or email invoices to contractors and suppliers.
Robin said Link4 delivers the invoice instantly to the customer through a secure link that allows cloud accounting systems to connect.
“We met with several businesses around Adelaide and asked what their biggest issues were. One that repeatedly made the list was handling invoices,” Robin said.
“No matter which cloud software a supplier uses, Link4 enables them to instantly send invoices directly to another cloud accounting system. No emails, no PDFs and no printing required.
“For example, restaurants can get thousands of printed invoices every year, and they need to upload these invoices to their accounting software as well as store physical copies of them.
“This time-consuming process can be simplified if the supplier sends an electronic version of the invoice directly from its accounting system to the customer’s.
“Both sides benefit – the supplier knows the invoice has been delivered and accepted, and saves printing and postage costs, while the customer eliminates the need for data entry and physically storing the invoice”.
Link4 Australia was selected to present its idea during Entrepreneurs Week in 2016.
“There are so many great ideas coming out of South Australia right now, particularly in northern Adelaide, and I feel there is a spirit that everyone wants each other to succeed,” Robin said.
“Link4 has received some positive feedback, including that it is surprisingly simple and easy to use and that businesses are glad this idea has come out of Adelaide.”
For more information visit Link4.