Billing software can integrate with other business systems. These include dedicated CRMs, payment gateways, invoice templates, and task management platforms. This integration prevents duplication of data and errors in billing. Popular CRM programs usually have native integrations, but you can also check for API documentation to build your own. It is best to look for billing software that offers the features you need at a price you can afford.
Reports for billing software can be used to uncover business issues or opportunities. Accurate billing software data analytics help companies maintain a competitive edge by identifying areas for revenue growth. In addition, some billing software systems can integrate with other key systems for 360-degree insights. This type of functionality is essential to the success of your business.
There are two types of reports. One is the billing utilization report, which details your client-facing time. It shows how many hours you spent on each client, how much you billed, and how much of each client’s invoices were written off. The other is the WIP report. Both of these are useful for annual reviews.