Automated Billing
Automated Billing refers to software systems and tools that automatically generate, process, and manage billing and invoicing for products or services, typically integrated with payment gateways and accounting software. It streamlines recurring payments, subscription management, and financial reporting by reducing manual effort and minimizing errors. These systems often include features like automated invoice generation, payment reminders, tax calculations, and revenue tracking.
Developers should learn and use automated billing tools when building SaaS applications, e-commerce platforms, or any service with recurring payments to ensure reliable revenue collection and compliance with financial regulations. It is essential for handling subscription models, managing customer billing cycles, and integrating with payment processors like Stripe or PayPal to automate workflows and improve operational efficiency.