Characterstics of technology billing

Billing can be referred to as the process of sending invoices to the customers for goods or services. It is basically a mode of communication in which a commercial document relating to the price, quantity or quality of the product is mentioned and it is sent to the buyer by the seller.

CLOUD BASED BILLING

Paper invoices are quite popular and common in today’s scenario also, which is quite surprising. It makes accounting governance and tracking very difficult. Cloud based billing inculcates all the features of an enterprise billing application but without involvement of IT and budget. Types of cloud based billing increase each year. Small business firms have the choice of cloud delivered accounting packages with billing capabilities. For example- Fresh books, bill.com,

Etc. cloud billing systems are feasible options for most of the business entities, either large or small. They are quite easy to change out.

ONLINE BILLING

Online billing means that you can manage your invoices online through different sites. What we get from a paper bill is the basic information regarding our call charges, details of the calls you’ve made and rental charges, all in a standard format.

Online billing is very different, more dynamic in nature, gives more detailed information pursuing much more flexibility. By online billing we can receive the invoices we want anywhere through our p. it enable the user to make payments anytime. It’s very simple to use. It has the option to display calling information at your fingertips, with no paperwork to plough through. It is an electronic payment service that allows you to setup a secure online account to make one time or recurring bill payments.

SUBSCRIPTION/ RECURRING BILLING

Online businesses have embraced the subscription delivery services to sell their products online. Subscription commerce is the new trendy business model due to consistent cash flow. Repeating payments for software, donations and more is referred to as recurring billing. It has the ability to power up the subscription service.

ELECTRONIC BILLING/TELECOMMUNICATION BILLING

Electronic billing is when a business entity or company sends its bills over the internet and the customer pays it electronically. Electronic bill payment is a feature of online, mobile and telephone banking; it allows the customer of a financial institution to transfer money from their credit card account to a creditor. These payments are usually executed electronically.

Telecommunication billing can be defined as a collection of processes of communication service providers that are in charge of collecting consumption data, calculate various type of billing information, produce bills for customers, process their payments in turn and manage debt collection. It is a significant element of any profitable communications service provider regardless their specialty.

MEDICAL BILLING

Medical billing is the process of submitting and following up on the claims with the health insurance companies in order to receive payment for services rendered by the healthcare provider. The same process is used for most of the insurance companies, whether they are private companies or government sponsored programs. Certification schools are intended to provide theoretical grounding for students entering the medical billing field.

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

Read this article post and find our services information. to get more about of our services please click the link.