Billing system is most
required thing in any business that involves any kind of sales and
purchases. Many different kind of billing platforms are available out
there. As many kinds of the business are there, so as many different
terms of billing are used. A different kind of billing terms, billing
systems and billing software are used by different sales businesses.
While taking the recurring payments, your system need two or three
general key components.
First, a shopping cart
platform or a website, second, a recurring billing management system
and third, a gateway for payment. A shopping cart check out the pages
and display the products and thus powers your website. Unless the
shopping cart platform has sufficient support for the recurring
billing, you will need a management system for recurring billing. You
may need a recurring billing software
that handle the different indirect complexities of the payments that
are subscription based, such as automatic emailing the customers
about the expiring of credit cards. The payment gateway is the system
that the recurring billing software
and shopping cart system talks to.
The enterprise
billing system is a complete system of
billing that reflect your way of business. It helps in creating the individualised billing and streamline the billing process to optimise
collections. It provide flexibility to your customers by defining the
billing schedules and cycles specific to individual customers. It
simplify the bill delivery through email, self service and EDI media
options. The enterprise billing system
delivers the flexibility and functionality to manage the billing
activities that fulfil the business needs.
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