21 Dec Benefits of SaaS Billing System and Invoicing Software

Benefits of SaaS Billing System and Invoicing Software

Minimizing Errors

Businesses can sometimes find it quite overwhelming to tackle multiple revenues, recurring revenues and customized payment systems, not to speak of payments that are project based. This results in a lot of billing errors and a lot of time and effort is wasted as well. All this can be solved by using SaaS billing system software that can help businesses manage the billing process easily. Such SaaS software can also be customized and integrated seamlessly into your business to suit the specific needs of your company, thereby helping reduce errors and also improving satisfaction of clients and customers.

Highlights and Features

Cash flow can be maximized, as the billing and invoicing is done efficiently and accurately. All the processes, right from the quote to the billing can be seamlessly integrated for accurate billing. Detailed reports can also be obtained along with details of sales outstanding on a real time bases. Billing related to complex rates or those that are recurring can also be done efficiently, thereby saving time. All additional, such as sales tax or any other discounts and financial charges are also incorporated. Both one time and recurring bills can be easily handled in an automated manner for weekly, monthly or annual payments by using billing system software.

Optimize your Productivity

You can get maximum productivity, as estimates can be converted into orders and orders into invoices just by a single click. You can issue credits or accept payment made by clients with the invoices, so that there is no additional work of re-entering the data. Finally, billing system software allows customers to make their payment online and businesses can create their invoices on an automatic basis according to their specific payment terms and currencies.

The Efficiency of Software as a Service

The efficiency of Software as a Service ensures costs stay low over time, even as your business grows, offering what is commonly called “Customer Lifetime Value”. SaaS billing tends to be based on software management and support, not complex professional services. This way, you can add as many sites and products as you want, without snowballing costs.  Additionally, SaaS has a script-based platform, which eliminates the need for expensive specialized developers.

Over the next decade, every surviving enterprise software application will be re-written as a de-coupled, cloud-based solution. With content management moving towards configuration and away from development, the adoption of Software as a Service will save customers from dealing with the challenges and failures their vendors will go through during this challenging transition.