The Best Utility Billing Software for Business

Billing system is a system which helps in managing the billing, payment and debt processing of a company. In general billing system is a software product which generated invoice for different kinds of inputs and markets. Billing engine has basic functions is billing online and re-billing while opening or closing accounts. Accounts can be billed online which requires adjustments outside.  Charges can be presented on bill or on other separate bills. Metered, non-metered services and products can be billed. Function of tariff calculation formula can be used to create and control complex tariffs.

Today in market, there are many types of billing systems, for instance telecommunication billing system, energy billing system, water billing system, billing systems in logistic, shops and restaurant, e-commerce billing system, and many more.

In telecommunications, most important processes in this system are rating, payment, provisioning, mediation, adjustment and billing. In process of rating Billing System charge particular event, voice call, fax, sms, mms and video data package. Flexible billing system means that operator can configure any demand from marketing department and start in production with desired date.

The crucial goals are to find, attract and win new clients. It focuses to nurture and retain those clients the company already has. Billing Engine entices former clients back into the fold, and reduces the costs of marketing and client service.

Customer relationship management- It is a widely implemented and broadly recognized strategy for management, nurturing and establishing interactions of company with clients and sales prospects. It involves using technology to organize, automate, and synchronize business processes. It includes many sales activities for marketing, customer service, and technical support.

Flexible Billing Scheduling- This system automate invoice creation by calculating finance charges, sales tax and discounts based on terms of payment, either on recurring  or a one-time basis.

Integrated Process Workflow- From order to quote bill, billing helps one to manage the entire process with routing capabilities and transaction creation in a single solution.

Billing Engine software allows the re-sellers to keep full control of their customers and invoices. It facilitates to re-sell in a variety of payment systems, including a monthly rental scheme which greatly reduces overheads.

It has been developed after many years of research into the arena of billing in telecommunications.

Billing software invoicing software turns your billing management process into a competitive asset by completely integrating it into your business. Billing management software enables you to satisfy and fulfils company's specific needs. It also helps one to reduce billing errors and improve customer satisfaction.

An Automated Billing Program

Billing engine is Capable of processing millions of records across multiple processors even more capable on Clustered cloud computing. With credit, charges and capping methodologies, Software program are well ahead of the market, making it ready to bill just about any combination of charges which you could imagine.

This is complemented by an extremely flexible rating and pricing engine, which takes feeds from some of the worlds prominent carriers. Just like the recurring charge and credit module Utilibill’s flexible rating engine makes it possible to create almost limitless combinations of tariffing to price any usage record exactly how you need it priced.

Billing engine is fully configurable through our easy to use rate plan tool, making it simple for users to add in or modify rate plans to their exact requirements.

The Automated Billing module is used in Australia to bill and accredited employers. These cover multiple contracts from multiple departments.

•     Apply rules to determine if activity is billable
•     Apply rules to determine the contract
•     Apply rules to determine Service Item Code that contracts use and whether or not user approval is required
•     Users - with permission - can approve the activity for billing
•     Users - with permission - can change prices for variable price items
•     Create invoices to send to clients who are paying for the activity
•     Create invoice files for uploading to your financial system
•     Keeps track of payments with the processing of remittance files
•     Create payment and credit note files for uploading to your financial system.

The goal of the module is not to remove human involved in the billing process, but rather to ensure that the rules are applied consistently and accurately. Where there is an element of judgement or where the incoming data is not considered to be sufficiently reliable, the activity can be flagged for user approval. Also, we can start to identify potentially billable items. These can be presented to the user for investigation and if necessary, the source data can be corrected allowing the activity to be billed.

Anyone Can Design Their Own Billing Software

Billing engine ensures that utility bills its consumers efficiently with intent to increase the revenue of utility, and provide satisfactory services to the consumer. System provides useful reports from different database application integrated with it that helps in making the significant and valuable decision to move the business in profitable direction along with having satisfactory and contented customers.

The method is very simple and secure online billing too. It is useful for business which sends invoices regularly including subscriptions, security services, delivered goods and also invoice of all together at the end of the month. It enables you to work for anything, anytime and at any place as long as the customer has internet connection. 

Billing engine keeps record and generates invoices of all the products and prices, and the contracts with each customer with a particular product at a given price. It provides you records of all customers and payments. It is fully configurable through easy to use making it simple for users to add or modify rate plans according to your requirement.

Billing Engine facilitates you to keep a check on management, cost, budget, transactions for betterment of your company. Billing Engine offers billing capabilities such as payment, delivery, billing, order promising and which will enable a customer-oriented company solution for optimizing a company's planning, managing, marketing, sales, order fulfillment, delivery, and much more.

It is a most flexible way for the payments, refunds, invoiced billing, usage-based, and recurring billing and provide satisfactory services to the consumer which support any type of desired customer interaction business-to-consumer.

Benefits of Online Billing Software and Program

Billing engine makes online payments simple from web applications. Billing engine is a multi-tenant platform which creates and manages an unlimited number of client accounts with separate access to the control panel and their own gateways, plans, emails, etc. It is convenient and flexible in all aspects of online payments.

Billing engine facilitates you to handle your billing needs like automated emails, refunds, recurring billing, and more. It provides a flexible and robust billing system which enables your sales and marketing team to run special promotions, for billing accurately, respond faster for queries of billing and to collect payments online from payment gateway.

The program is designed to accommodate the changing needs of service providers to support unlimited pricing structures such as various service charges and discounts. It ensures that a company can sustain in a competitive market, provide advantages and respond to market demands also. It includes the calculation of various charges, available discounts and bonuses.

This ensures that utility bills its consumers efficiently with intent to increase the revenue of utility, and provide satisfactory services to the consumer.

Online Billing Engine System

When you are busy running your own business, you may not have the time or resources to buy, set up and maintain billing software on your company’s own system. Instead, you may prefer to use an online invoicing service such as Billing Engine. Billingengine is an automated payment processing service that you access through a                      secure interface over the web.

Who is This Online Invoicing Software For?

The online app provides enterprise electronic billing services for small businesses that lack the staff, time or infrastructure to develop their own automated billing services. It is particularly useful for smaller companies that want to outsource the support systems required to run their billing operations. It leaves you with more time to focus on your core business functions.clients).

Easy to Use

Automated billing with Billing Engine system is straightforward and simple to use; you log in to the client portal, set up automated invoices for recurring clients, and set preferences, such as when the system should resend a past-due invoice to a late-paying client. The automated billing capabilities enable the system do tasks such as calculate late fees for you. You can also log in whenever you need to quickly review current and past invoices or update credit card or banking information.

While online invoicing is easy and inexpensive (even free in some cases), it is not for everyone -- or every business. If you don’t have reliable Internet access, are uncomfortable using the Internet or cloud-based software, or your clients don’t have reliable Internet access or don’t like doing business online, online invoicing may not be right for you (even though most online invoicing solutions will let you print and even mail invoices to clients).

With the expansion of global trading markets with which you do business, you’ll need to stay on top of all the innovation and emerging billing solutions. To remain competitive you’ll have to find ways to include business invoicing software in your operations. As time and billing software continues to improve, there are a number of ways you can keep up with billing software news and trends.