Companies use invoice and billing software to generate and send invoices to customers, requesting payment for delivered products and services. This software streamlines the invoicing process, reducing the time and effort required and enhancing billing accuracy. Primarily utilized by accounting professionals, invoice and billing software can also be employed by salespeople or project managers to provide customers with estimates or pro forma invoices. It supports various billing needs, such as project billing for professional services and recurring billing for utilities. Billing software integrates seamlessly with accounting systems and ERP or CRM solutions, where customer and product/service information is stored. The final stage of the billing process, involving payment receipt, is typically managed through accounting software or a module within a larger ERP solution.
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