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Billing and Invoicing Software

Billing and Invoicing software automates the process of producing and sending invoices and receiving payments. Online invoice systems enable the efficient processing of complex accounts across multiple customers and product lines, incorporating contract data and customer relationship management tools. Users can oversee multiple invoices at once across a variety of accounts, streamlining workflows and boosting efficiency. Billing and Invoicing tools are designed to work with accounting applications and provide a variety of business reporting tools. Accounting departments benefit from saving time, avoiding costly errors, and reducing the need for paper records. Billing and Invoicing software is related to Procurement software and Purchasing software. Browse available invoicing apps on the Capterra directory to find the best solution for your organization in Canada.

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Tipalti is the only solution to automate your invoice processing alongside end-to-end accounts payable, global payments and procurement Learn more about Tipalti
Tipalti is the only solution to automate your invoice processing alongside end-to-end accounts payable, global payments and procurement. Tiplati enables you to onboard suppliers, streamline PO generation, accelerate approvals, eliminate invoice entry and make fast global payments to 190 countries in local currency. Also includes global tax compliance, 2 & 3 way PO matching, multi-entity support, and instant reconciliation with ERP integrations that include NetSuite, Quickbooks, and Sage Intacct Learn more about Tipalti

Features

  • Time & Expense Tracking
  • Customizable Invoices
  • Tax Calculation
  • Contact Database
  • Mobile Payments
  • Billing Portal
  • Project Billing
  • Payment Processing Software
  • Contingency Billing
  • Multi-Currency
  • Invoice Processing
  • Reporting & Statistics
Optimize receivables and accelerate cash flow by automating billing and invoicing processes with NetSuite’s cloud accounting software. Learn more about NetSuite
With NetSuite, easily and quickly generate and send invoices. Automatically convert sales orders to invoices as orders are fulfilled. Customizable invoice templates let you meet customers’ unique billing needs. Consolidate invoices when multiple orders are placed within a single billing period. Transactions are posted to the GL automatically, which saves time, helps avoid error-prone manual data entry, and ensures AR data is always up to date. Easily manage recurring subscription billing. Learn more about NetSuite

Features

  • Time & Expense Tracking
  • Customizable Invoices
  • Tax Calculation
  • Contact Database
  • Mobile Payments
  • Billing Portal
  • Project Billing
  • Payment Processing Software
  • Contingency Billing
  • Multi-Currency
  • Invoice Processing
  • Reporting & Statistics
Canada Local product
The easiest way to send and collect business payments in one integrated platform. Syncs with Quickbooks and Xero. Learn more about Plooto
The easiest way to send payments for your bills and collect receivables for your invoices. Plooto makes it simple for you to pay your vendors and contractors, and collect one time or recurring payments. Streamline your cashflow and simplify your payables and receivables processes. Plooto automatically reconciles with Quickbooks and Xero in the most seamless way that you have ever seen. Say goodbye to paper cheques, wires, and bank EFTs by upgrading to Plooto for free. Learn more about Plooto

Features

  • Time & Expense Tracking
  • Customizable Invoices
  • Tax Calculation
  • Contact Database
  • Mobile Payments
  • Billing Portal
  • Project Billing
  • Payment Processing Software
  • Contingency Billing
  • Multi-Currency
  • Invoice Processing
  • Reporting & Statistics
Airwallex's platform is built for growing businesses that want to streamline their global payments and financial operations. Learn more about Airwallex
Airwallex's cloud-native platform has been engineered to take the friction out of your global payments and financial operations. Whether you're a global business looking to save time and money as you scale, or a forward-thinking enterprise that's ready to build your own financial products, Airwallex's leading technology can support your growth. Unlike legacy banking, Airwallex gives you the speed, simplicity, and savings to seamlessly operate your business across borders. Manage everything from online payments, treasury and FX, to spend management - all via one secure Business Account that can be accessed via desktop or mobile. If you’re looking for a more customizable and programmatic solution to manage and move money, you can integrate directly with our Core API. And if you’re a platform or marketplace that’s looking to generate new lines of revenue by offering your own financial products, you can tap into our powerful Embedded Finance solutions. Learn more about Airwallex

Features

  • Time & Expense Tracking
  • Customizable Invoices
  • Tax Calculation
  • Contact Database
  • Mobile Payments
  • Billing Portal
  • Project Billing
  • Payment Processing Software
  • Contingency Billing
  • Multi-Currency
  • Invoice Processing
  • Reporting & Statistics
Canada Local product
Versapay simplifies invoice-to-cash by automating invoicing, facilitating payments, and streamlining cash application with AI. Learn more about Versapay
For growing businesses that need to accomplish more with less, Versapay’s Accounts Receivable Efficiency Suite simplifies the invoice-to-cash process by automating invoicing, facilitating B2B payments, and streamlining cash application with AI. Versapay integrates natively with top ERPs, while allowing businesses to collect with a self-serve payment portal and collaborate with customers and teammates to resolve what automation alone can’t. Distinct from solutions built for Fortune 500s, Versapay provides responsive support, fast implementations, and the flexibility to start with what you need and add more as you grow. Owned by Great Hill Partners, Versapay’s employee base spans the U.S. and Canada with offices in Atlanta and Miami. With 10,000 customers and 5M+ companies transacting, Versapay facilitates 110M+ transactions and processes $170B+ annually. Versapay’s Features: Accounts Receivable Automation Cash Application Automation Payment Processing Services ERP Payment Learn more about Versapay

Features

  • Time & Expense Tracking
  • Customizable Invoices
  • Tax Calculation
  • Contact Database
  • Mobile Payments
  • Billing Portal
  • Project Billing
  • Payment Processing Software
  • Contingency Billing
  • Multi-Currency
  • Invoice Processing
  • Reporting & Statistics
Get paid in a way that suits your business workflow. Let your clients pay online with any credit card, PayPal or Venmo. Free Trial! Learn more about vcita
Get your invoicing and billing tasks out of the way, so you can save time and focus on growing your business. Easily issue beautifully branded invoices from your desktop or mobile, and speed up payments with a variety of automated billing workflows. Reduce friction with clients around payments by letting vcita send customized, automated payments requests. When it's that easy for your clients to pay, you get paid on time, in full, every time. Learn more about vcita

Features

  • Time & Expense Tracking
  • Customizable Invoices
  • Tax Calculation
  • Contact Database
  • Mobile Payments
  • Billing Portal
  • Project Billing
  • Payment Processing Software
  • Contingency Billing
  • Multi-Currency
  • Invoice Processing
  • Reporting & Statistics
Lockstep is AR Automation Software that works as hard as you do! Automate your invoicing process and close bills faster with Lockstep! Learn more about Sage Network
Automate your invoicing process with Lockstep's end-to-end AR software that is compatible with your existing ERP and tech stack. As the mid-markets’ #1 solution providing customer self-service to make it easier and faster for customers to pay online. More and more customers are using our award-winning platform to override limitations in their accounting solution to improve cash flow by 30% or more and close invoices an average of 12 days faster each month. *QB Desktop no longer supported. Learn more about Sage Network

Features

  • Time & Expense Tracking
  • Customizable Invoices
  • Tax Calculation
  • Contact Database
  • Mobile Payments
  • Billing Portal
  • Project Billing
  • Payment Processing Software
  • Contingency Billing
  • Multi-Currency
  • Invoice Processing
  • Reporting & Statistics
EBizCharge Billing and Invoicing Software allows your customers to process payments online securely and remotely from anywhere. Learn more about eBizCharge
EBizCharge is a Billing and Invoicing Software that allows your customers to view outstanding invoices, process payments online, and make full or partial payments on single or multiple invoices. Customers simply login, review their invoices, and submit payments securely and remotely from anywhere. EBizCharge is fully PCI compliant, and provides enhanced data security to protect sensitive customer credit card data. Learn more about eBizCharge

Features

  • Time & Expense Tracking
  • Customizable Invoices
  • Tax Calculation
  • Contact Database
  • Mobile Payments
  • Billing Portal
  • Project Billing
  • Payment Processing Software
  • Contingency Billing
  • Multi-Currency
  • Invoice Processing
  • Reporting & Statistics
Web-based recurring billing and payments app that helps businesses save time, get paid faster, & have revenue reports ready. Learn more about ChargeOver
Our ever-expanding web-based subscription, recurring billing, invoicing and payments app is for any business looking to save time and get paid faster! With ChargeOver, you can automate manual processes and still be able to do one-time charges. Integrate ChargeOver with your accounting software (full integrations with QuickBooks & Xero) or use our API to build ChargeOver right into your own application. Every step of the way our team in Minneapolis, MN is happy to help. Learn more about ChargeOver

Features

  • Time & Expense Tracking
  • Customizable Invoices
  • Tax Calculation
  • Contact Database
  • Mobile Payments
  • Billing Portal
  • Project Billing
  • Payment Processing Software
  • Contingency Billing
  • Multi-Currency
  • Invoice Processing
  • Reporting & Statistics
Chargebee is a revenue growth management platform tailored to meet your unique business needs & improve operational efficiency. Learn more about Chargebee
#1 ranked software for automating & optimizing your entire recurring revenue lifecycle. Chargebee enables businesses to offer an exceptional subscription experience to teams & end-users while empowering them to scale without being hindered by tech-stack limitations, rigid business models, compliance regulations, or any growing pains. Leading companies trust Chargebee to power their full recurring revenue lifecycle, from subscription billing and invoicing to cash, accounting, renewal, and more Learn more about Chargebee

Features

  • Time & Expense Tracking
  • Customizable Invoices
  • Tax Calculation
  • Contact Database
  • Mobile Payments
  • Billing Portal
  • Project Billing
  • Payment Processing Software
  • Contingency Billing
  • Multi-Currency
  • Invoice Processing
  • Reporting & Statistics
Recurring billing management solution that enables businesses to manage subscriptions, invoices, financial reports, payments, and more. Learn more about Stripe Billing
With Stripe Billing, you can create subscriptions or send invoices in a few clicks or lines of code. Stripe Billing is a modular, flexible solution, allowing you to build any pricing model including flat rate, per-seat, tiered, metered, trials, and more. Stripe also uses machine learning to help businesses recover 41% of failed invoices on average. Fitting in the middle of your order to revenue workflow, Stripe Billing easily works with your existing CRM, ERP, and accounting software. Learn more about Stripe Billing

Features

  • Time & Expense Tracking
  • Customizable Invoices
  • Tax Calculation
  • Contact Database
  • Mobile Payments
  • Billing Portal
  • Project Billing
  • Payment Processing Software
  • Contingency Billing
  • Multi-Currency
  • Invoice Processing
  • Reporting & Statistics
Zoho Invoice lets you send customized invoices, track time and get paid online. Track expenses and manage your business from anywhere. Learn more about Zoho Invoice
Zoho Invoice is a simple, easy to use invoicing software which helps you to track time, create customised invoices and get paid online faster. It lets you manage your receivables and collaborate with your clients and colleagues. Save time by automating recurring invoices, payment reminders and send thank you notes. With iOS and Android apps, stay in touch with your business from anywhere. Learn more about Zoho Invoice

Features

  • Time & Expense Tracking
  • Customizable Invoices
  • Tax Calculation
  • Contact Database
  • Mobile Payments
  • Billing Portal
  • Project Billing
  • Payment Processing Software
  • Contingency Billing
  • Multi-Currency
  • Invoice Processing
  • Reporting & Statistics
Stax Bill offers flexible subscription billing and management software that allows businesses to scale through every stage of growth. Learn more about Stax Bill
Stax Bill empowers businesses worldwide with a flexible subscription billing engine. By simplifying subscription billing and management while automating recurring invoicing, payments, and revenue recognition. Accept credit cards with zero cost to your bottom line with surcharging. Surcharging passes the credit card fee on to the customer, giving you every dollar for every transaction. Scale your business with confidence using the most flexible subscription billing management software. Learn more about Stax Bill

Features

  • Time & Expense Tracking
  • Customizable Invoices
  • Tax Calculation
  • Contact Database
  • Mobile Payments
  • Billing Portal
  • Project Billing
  • Payment Processing Software
  • Contingency Billing
  • Multi-Currency
  • Invoice Processing
  • Reporting & Statistics
Canada Local product
Join over 200K home service pros using Jobber. Organize your business, win more jobs, and get paid 4X faster. Get started today. Learn more about Jobber
Join over 200,000 home service pros using Jobber. We make it easy to schedule appointments, quote, invoice, and get paid faster. Organize your field service business and impress your clients - get started today. Learn more about Jobber

Features

  • Time & Expense Tracking
  • Customizable Invoices
  • Tax Calculation
  • Contact Database
  • Mobile Payments
  • Billing Portal
  • Project Billing
  • Payment Processing Software
  • Contingency Billing
  • Multi-Currency
  • Invoice Processing
  • Reporting & Statistics
Canada Local product
Subscription Billing, usage rating, mediation, and billing solutions for M2M/IoT, Telecom, and Enterprise service providers globally. Learn more about LogiSense Billing
LogiSense is a cloud-based billing platform, built to allow businesses to offer customers myriad usage and subscription options. This subscription-based billing and real-time usage rating solution allows companies to modify products and services and improve operational efficiency, as well as to adjust and capitalize on changes within their industry. LogiSense is an API-first platform based on a microservices architecture at scale, exposed via a transactional RESTful API interface. Learn more about LogiSense Billing

Features

  • Time & Expense Tracking
  • Customizable Invoices
  • Tax Calculation
  • Contact Database
  • Mobile Payments
  • Billing Portal
  • Project Billing
  • Payment Processing Software
  • Contingency Billing
  • Multi-Currency
  • Invoice Processing
  • Reporting & Statistics
Billing solution for utility companies, embedded networks, body corporates requiring billing, collections & customer portal. Learn more about Utilmate
Utilmate is a cloud subscription billing, collections & customer management service. Designed for body corporates, billing agents & embedded networks that need meter data management, billing & customer management service. Utilmate takes care of all your utility invoicing & customer communication requirements, without the need for a high cost and time-intensive IT project. Our streamlined set-up process provides you with an out-of-the-box service, so you'll be up and running in no time. Learn more about Utilmate

Features

  • Time & Expense Tracking
  • Customizable Invoices
  • Tax Calculation
  • Contact Database
  • Mobile Payments
  • Billing Portal
  • Project Billing
  • Payment Processing Software
  • Contingency Billing
  • Multi-Currency
  • Invoice Processing
  • Reporting & Statistics
Quadient Accounts Receivable is an automated B2B invoicing & AR platform that streamlines the entire credit-to-cash process. Learn more about Quadient Accounts Receivable by YayPay
Quadient Accounts Receivable by YayPay is an automated B2B invoicing & AR platform that streamlines the entire credit-to-cash process. Save time prepping/chasing invoices & get paid faster! Our AI capabilities help you predict payor behavior, intelligently automate invoicing & collection communications, & determine customer credit. Our secure statement portal gives your customers more visibility & flexibility for faster payments, & we seamlessly integrate with your ERP, CRM & accounting systems. Learn more about Quadient Accounts Receivable by YayPay

Features

  • Time & Expense Tracking
  • Customizable Invoices
  • Tax Calculation
  • Contact Database
  • Mobile Payments
  • Billing Portal
  • Project Billing
  • Payment Processing Software
  • Contingency Billing
  • Multi-Currency
  • Invoice Processing
  • Reporting & Statistics
Comprehensive and fully integrated end-to-end user-friendly ERP platform. Industry specific features. Learn more about Rubicon ERP
We understand the unique challenges manufacturers and distributors face. From streamlining complex processes, to enhancing collaboration across departments, Rubicon is here to be the backbone of your enterprise, providing the stability, and the agility, necessary for success. Rubicon ERP is specifically tailored to meet the needs of the industries we serve. Rubicon ERP software is user-friendly and our team of experts is here to provide ongoing support and assistance. Technology is most effective when it is accessible. Rubicon's feature rich, web-based platform allows users anywhere, anytime access to an intuitive and easy to use software, allowing our clients to do more with less. In addition to our US based support team, we have dedicated ourselves to your industry and have embedded industry-specific best practices into every facet of our system, ensuring that it aligns with the unique needs of your industry allowing you to scale at your pace. Learn more about Rubicon ERP

Features

  • Time & Expense Tracking
  • Customizable Invoices
  • Tax Calculation
  • Contact Database
  • Mobile Payments
  • Billing Portal
  • Project Billing
  • Payment Processing Software
  • Contingency Billing
  • Multi-Currency
  • Invoice Processing
  • Reporting & Statistics
Get More Done With Firm360. Save time and money with this all-in-one accounting management platform—the visibility you need. Learn more about Firm360
Streamline your accounting practice and increase your firm's productivity. Save your staff an average of 10 hours a week in wasted non-billable time in 30 days. Firm360 creates client management, project management, billing, reporting, and time management transparency. Save your firm time and money by replacing your current 5+ software solutions with one seamless experience. This all-in-one cloud-based platform is everything you need to get the job done! Learn more about Firm360

Features

  • Time & Expense Tracking
  • Customizable Invoices
  • Tax Calculation
  • Contact Database
  • Mobile Payments
  • Billing Portal
  • Project Billing
  • Payment Processing Software
  • Contingency Billing
  • Multi-Currency
  • Invoice Processing
  • Reporting & Statistics
From payments to credit to fraud protection, PayPal Commerce Platform helps you meet your customers where they are.
Over 26 million businesses choose PayPal to power their online payments both home and abroad. With easy setup, world-class fraud and seller protection tools, youll be able to reach more buyers and driver higher sales with PayPal. Whether youre selling on your own website or on marketplaces or via social media you can receive and send payments anywhere in the world with your all-in-one business account for online payments 24/7 Fraud Protection - Easy Integration - Global Expertise Learn more about PayPal

Features

  • Time & Expense Tracking
  • Customizable Invoices
  • Tax Calculation
  • Contact Database
  • Mobile Payments
  • Billing Portal
  • Project Billing
  • Payment Processing Software
  • Contingency Billing
  • Multi-Currency
  • Invoice Processing
  • Reporting & Statistics
The leading accounting software for small businesses. Instant access to customer, vendor and employee information.
QuickBooks Enterprise (Save Up to 40%) is an end-to-end accounting software that can grow with your business. It provides all the tools your business needs, yet is easy to use. You can organize your books, manage inventory, track sales, and even run payroll, but at the fraction of the cost. With QuickBooks Enterprise, you save thousands of dollars a year vs. comparable solutions. Powerful and flexible, it also comes in editions designed to fit your specific needs. Take a free test drive today. Learn more about QuickBooks Desktop Enterprise

Features

  • Time & Expense Tracking
  • Customizable Invoices
  • Tax Calculation
  • Contact Database
  • Mobile Payments
  • Billing Portal
  • Project Billing
  • Payment Processing Software
  • Contingency Billing
  • Multi-Currency
  • Invoice Processing
  • Reporting & Statistics
QuickBooks Invoicing Software makes it easy to create & customize your invoices. We'll help you get paid faster than ever before.
QuickBooks Online is a small business accounting software and app that allows you to manage your business anywhere, anytime. Used by over 7 million customers globally, QuickBooks provides smart tools for your business, yet is easy to use. You can organise your books, manage expenses, send invoices, track inventory, and even run payroll. With QuickBooks Online, you can get organised, save time, and even get paid fast by adding payment features. Best of all, you can try it for free for 30 days. Buy now and save 75% off QuickBooks for the 1st 6 months! Learn more about QuickBooks Online

Features

  • Time & Expense Tracking
  • Customizable Invoices
  • Tax Calculation
  • Contact Database
  • Mobile Payments
  • Billing Portal
  • Project Billing
  • Payment Processing Software
  • Contingency Billing
  • Multi-Currency
  • Invoice Processing
  • Reporting & Statistics
Integrated business management solution that automates financial, customer relationship and supply chain processes.
Microsoft Dynamics is a line of integrated, adaptable business management solutions that enable your people to make important business decisions with greater confidence. Microsoft Dynamics works like and with familiar Microsoft software-easing adoption and reducing the risks inherent with implementing a new solution. These solutions automate and streamline financial, customer relationship, and supply chain processes in a way that can help you drive business success. Learn more about Dynamics 365

Features

  • Time & Expense Tracking
  • Customizable Invoices
  • Tax Calculation
  • Contact Database
  • Mobile Payments
  • Billing Portal
  • Project Billing
  • Payment Processing Software
  • Contingency Billing
  • Multi-Currency
  • Invoice Processing
  • Reporting & Statistics
Canada Local product
An easy invoicing and accounting solution starting at $7.60/mth (first 6 mths). Join 24 million people who've already used FreshBooks.
FreshBooks makes small business invoicing and billing so simple, you'll be amazed at the time you have to focus on doing what you love and how much faster you get paid. Who would have thought invoice software could do that? Try it free for 30 days, no credit card required. Learn more about FreshBooks

Features

  • Time & Expense Tracking
  • Customizable Invoices
  • Tax Calculation
  • Contact Database
  • Mobile Payments
  • Billing Portal
  • Project Billing
  • Payment Processing Software
  • Contingency Billing
  • Multi-Currency
  • Invoice Processing
  • Reporting & Statistics
A simple and affordable solution for capturing employee time to run payroll, invoice clients and manage productivity.
Time Tracker by eBillity is a timekeeping application for business teams of all sizes. A simple and affordable solution for capturing employee time to run payroll, invoice clients, and manage productivity. With flexible time tracking options and customizable settings you can easily manage your employees' hours in every situation; start a timer from any device, clock in on arrival at work, add time in blocks using the weekly timesheet, or create and share the schedule with your team. After you start your trial, contact Nick Young for special pricing. [email protected] 1-800-851-0992 Learn more about Time Tracker

Features

  • Time & Expense Tracking
  • Customizable Invoices
  • Tax Calculation
  • Contact Database
  • Mobile Payments
  • Billing Portal
  • Project Billing
  • Payment Processing Software
  • Contingency Billing
  • Multi-Currency
  • Invoice Processing
  • Reporting & Statistics

Billing and Invoicing Software Buyers Guide

What is billing and invoicing software?

Billing and invoicing software automates payment invoicing, receiving, and processing for small businesses across Canada. Invoicing software efficiently process complex accounts across multiple customers and product lines by incorporating contract data and customer relationship management (CRM) tools. Billing and invoicing solutions work in tandem with accounting applications and provide a variety of revenue reporting and compliance tools. Browse Capterra's directory to find the best invoicing software for your small business.

What are the benefits of billing and invoicing software?

The benefits of billing and invoicing software are wide-ranging and predominately centre on automating a business' invoicing processes, and minimizing costly errors. While many Canadian invoicing software solutions provide similar benefits, some may be more advantageous for your specific business than others. Reading the reviews for each tool on Capterra's directory will help you find the best invoicing software for your organization in Canada.

  • Cost savings: Small businesses across Canada spend a lot of extra money to process paper invoices—as much as $20 per paper transaction. Faster processing and paperless transactions save businesses money. A Capterra report reveals consumer attitudes towards sustainability at work, revealing that 37% of Canadian employees have suggested sustainable initiatives at work.
  • Automated simplicity: Billing and invoicing software automatically performs billing calculations, reducing workload, saving time, and preventing human error.

What are the typical features of billing and invoicing software?

There are a range of core features that are typical to most billing and invoicing software solutions, however in order to find the best invoicing software for your small business in Canada, it's important to compare the additional features of available tools.

  • Invoice history: Maintain a client-by-client archive of every invoice for simple and accurate reporting, risk management, client relations, and sales data mining.
  • Time and expense tracking: Keep a log of accumulated billable time and expenses. Automatically add this data to invoices for faster billing with fewer opportunities for error.
  • Contact database: Build a client contact information database within the billing and invoicing system to avoid the redundant expense of a dedicated CRM tool.
  • Customizable invoices: Design invoice layouts, content, and branding to tell the best possible story. Develop customer trust by delivering content consistent with existing brand materials.
  • Online invoices: Deliver and display invoices online for simplicity and global accessibility in any currency. Receive payments immediately through online invoice interface.

Capterra’s small business invoicing software directory lets you filter by feature(s) to only view options that meet your business needs, which can help narrow your software shortlist.

What should be considered when purchasing billing and invoicing software?

Before purchasing an invoicing system for your small business in Canada, it is important to take a number of factors into consideration, primarily including:

  • Simplicity versus customization: Intuitive billing and invoicing software with clean user interfaces and guided instructions can simplify invoice creation and management. Customers appreciate invoices that are easy to interpret, and for systems that accept online payments, user-friendly designs are critical. However, simple systems occasionally sacrifice customizability by offering fewer options to keep users on track. On the flip side, the ability to customize software often carries a steeper learning curve. Determine how tech savvy your employees and customers are, and balance that against your need for customization.
  • Integration: Many billing and invoicing software options integrate with other software systems, using application programming interfaces (APIs) to import and export data between systems. As an example, businesses can create an invoice within their billing software by importing customer contact information from their CRM solution and purchase records from an inventory system. Then, the business can deliver the invoice by exporting it to an email delivery solution. Enterprise-level software may manage all of these steps, but integrations allow small businesses to develop affordable solutions while continuing to use their existing software. When selecting billing and invoicing software, evaluate how easily potential systems integrate with your accounting tools, payment platforms, and other applications.
  • Cloud management: Moving billing and invoicing data to secure online servers can be more secure than most offline ledgers and spreadsheets on your hard drive. In-house server solutions offer customization, but maintenance is a lot of work. Stolen customer data and exposed business intelligence are an enormous risk for small businesses that try to handle security on their own. Hosting data in clouds managed by professional billing and invoicing software services may increase data security.

Like any software industry, the features and offerings of invoice management software may be impacted by industry trends. Important trends that may impact your choice of billing software are listed below:

  • Artificial intelligence (AI) and machine learning: In the next few years, billing and invoicing software will begin incorporating some type of AI. Small businesses will be able to predict customers’ buying habits with greater accuracy, and software will provide revenue trends insight faster than reactive monitoring can. According to our research, 53% of small and midsize businesses (SMBs) are using or plan to use AI technology within the next one to two years.
  • The internet of things (IoT): The IoT lets objects communicate with people, software, and other objects. Devices can alert you to all kinds of things, such as the arrival of a new invoice. The industry has moved past emailed invoices; app notifications on mobile devices and smart speakers get more attention than email these days. Brands that invoice using apps and IoT devices are more connected to their customers. Increasingly, consumers use internet-connected devices and wearable technology to make purchases. Certain billing and invoicing software solutions can automatically process one-tap sales on IoT devices. According to our research, 73% of SMBs are using or plan to use IoT technology within the next one to two years.