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Softgains Billing Software development services Softgains sales & distribution provides a complete sales management solution for small, mid-sized and big companies. Right from quotations to sales order and all the way to billing the customer Benefits of Billing Software You send bills to your customers and you want them paid quickly -- that's why efficiency in your billing process is key. Ultimately, the quicker your business can get invoices to customers and clients, the faster your business will be paid, which will have a positive impact on cash flow. Delays in payments can even put your business at stake.
This blog post will look at 6 benefits you can get from setting up an efficient invoicing system. 1. Manage Subscription Billing Companies that run subscription based services know that it can require a high level of administration to keep billing and invoicing processes efficient and well managed. Thankfully, cloud based invoicing software easily supports services that are billed on a recurring basis, as well as free trials, discounts, refunds, renewals and one-off transactions. 2. Support Usage Based Billing for IoT As more and more companies roll out IoT (Internet of Things) initiatives, there is the need for a way to monetize these services. Typically, monetization includes adding the ability to bill for IoT services through a combination of usage- and subscription-based billing. With billing software from Salesforce, your company can handle complex usage- and subscription-based IoT monetization needs out of the box.
3. Reduce Administration Effectively managing cash flow means automating and standardizing your invoicing process, and effectively reducing administration overhead. Fast, efficient invoicing vastly reduces the margin for error compared to manually processing invoices from scratch. It also creates time savings for your staff, and that time can be reinvested into more profitable areas of the business. 4. Minimize Errors An efficient invoicing system will automatically compile costs and quotes, and then generate invoices from this data. This greatly reduces the number of people required to produce quotes, thereby reducing the chance for human error. This in turn saves your business time, which saves your business money. 5. Integrate Systems By connecting a set of complex systems, individual processes and administration can be greatly reduced. From the initial quote all the way through collecting payment, businesses can save time by connecting all
the systems and software they use, including CRM, CPQ, ERP and Finance systems. Billing Features of Softgains Billing services Invoicing/Billing Calculating Pricing and taxes Check Availability Status Check Credit Limits Schedule the Delivery Preparation and Processing Quotation