Billing is the procedure of generating the invoices for products received or services proffered. An Invoice is considered to be the bill on the basis of which payments are accepted. Automated billing is that procedure wherein the billing service of the organization is computerized and manual interruption is attenuated.
Mechanism of Automated Billing System
Through the automated method, billing information requires to be inserted either manually or by means of external systems into the billing system for the purpose of generating the invoice. The system will operate the rest. It will apply the relevant rates, do the required calculations, and deduce the customer details from the customer profile already created and issue the invoice.
Facilities involved with Automated Billing System
Automated billing system also furnishes the benefit of configuring the proper format and frequency for obtaining the printing invoices. However, if the invoice requires to be mailed to the customer, then the system can be configured in such a manner so that the invoice gets printed along with the envelope itself. Billing systems are also accessible that encourage the customers to process payments. Invoices sent through emails have the facility of empowering the customers to process an online payment. This automates the entire procedure and assures a sensible conclusion.
Invoice generation is generally regarded to be a repetitive task. Grasping resources exclusively for this activity could be encumbering productivity and application. Automated billing systems have exterminated a reasonable amount of manual interruption. It has freed employees to perform some other significant activities. Moreover, the obvious advantages of this efficient billing service have stimulated more and more organizations to opt for this. Organizations applying this automated billing system are capable to formulate their resource utilization more efficiently. This also assists organizations to save on their time. Therefore, it helps in reducing the costs and empowers organizations to survive in the dog-eat-dog market.