Modern Billing System - A new way to solve your billing problems

Modern billing systems have made a tremendous progress, and have made the complex process of billing incredibly simpler. There is no need to manually input the data of your hundred and thousands of customers recheck them and then calculate them. In the traditional format there was enough room for mistakes and flaws, whereas, in the automated billing systems you do not have to go through these pain staking tasks. All you need to do is to input the data in the system and then generate the bill.

Types of billing

There are mainly two types of billing

a) Daily Billing

b) Monthly and Annual Billing

A) Daily Billing: In case of the organizations where bills have to be generated on a daily basis, there, the billing system is simpler. The reason being, you do not have to maintain a database of figures. Here you sell a product or a service, key in the details and the price, trigger the "generate" function, you have the bill readily available for you. As mentioned earlier, all you need to do is to key in the details and the calculation is done by the system. If there is any discount that you wish to offer to your customer, it could be adjusted through this software. All you need to do is to mention percentage or amount of discount. This kind of software could be used while raising funds for a NGO, or to meet the billing solutions for clubs. This kind of a software is best for subscription billing.

Besides, this software are also capable of maintaining details of your stock. If you sell a certain item and if the transaction is processed through this software then that item would be automatically deducted from your stock. On the other hand when you receive new stocks, all you need to do is to feed in the data to the system and you have your stocks updated.

B) Monthly and Annual Billing: The establishments which generates bill on a monthly or annual basis needs to maintain a database of figures, and then when the billing cycle comes, they generate the bills. This type of software solutions are used for telecom billing or by the banks for billing on credit cards. In case of big concerns that have their branches located in different regions, a cloud based billing software would be ideal.

Blusynergy is group of IT and financial services professionals who had extensive experience in building custom payment and billing software India systems across the retail and service industries in India.

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