We develop custom Electronic Bill/Invoice Presentment and Payment (EBPP/EIPP) software solutions with enhanced features for bill delivery, payment processing, time tracking, and more to ensure that businesses of all types accept all major payments methods.
We develop white-labeled customer and supplier portals to manage contact details, banking information, payment histories, and other data, providing real-time account reconciliation platforms with custom ERP integrations and reporting modules.
Not just the intuitive designs, our developers are immensely skilled in creating apps with the latest technologies and market trends.
We build custom payment processing platforms to accept partial, future, recurring, automatic, one-time, and overpayments via Visa, MasterCard, Amex, Discover, checks, and ACH with Remotely Created Check (RCC) images for presentment and deposit.
Our experts build mobile billing & invoicing applications with robust features for creating custom templates, import/export functions, time tracking, optical character recognition, auto population, multi-tier approvals, and status notifications on mobile devices.
Our software solutions are fully equipped with features to manage multiple forms of billing and invoicing, automate operations, streamline workflows, and consolidate data financial data.
Our custom solutions for managing recurring and subscription billing arrangements incorporate tools for CRM management, automated upcoming payment alerts, Business Intelligence (BI) software for analytics, and crisis management tools.
We design contingency billing software solutions, primarily for legal departments, that enable users to automatically create electronic invoices in any format compatible with Legal Electronic Data Exchange Standard (LEDES) billing systems.
We develop project-based billing solutions with custom features for tracking all expenses associated with a given project, determining unbilled R&D costs, combining billing terms, and calculating the percentage of completion to deliver a consolidated invoice.
Our tax calculation software solutions are designed to ensure 100% tax regulatory compliance, provide access to tax documents across devices, automatically generate reports, prepare tax returns, and consolidate transaction data across OMS, CRM, and ERP systems.
We develop multi-currency billing software solutions that enable companies to securely accept payment in several different currencies across the globe, along with filing and storing payment details for maximized data security and optimized checkout experiences.
We engineer secure databases integrated within current CRM platforms to store banking and customer information effectively. We also migrate billing data from legacy systems (Cogsdale) while ensuring 100% data integrity and functionality.
Automated billing software is enhanced by Artificial Intelligence (AI) and its expansive features. Cognitive billing systems enhance the efficiency, accuracy, and intelligence of automated billing processes through AI and Machine Learning and enable many features that enhance the billing system. Our AI experts can implement these AI-powered solutions for your business.
Our expert developers implement AI that automatically extracts relevant data from invoices. Invoice automation with AI extracts details, like invoice number, date, line items, and amounts. Optical character recognition technology combined with natural language processing powers it.
Our experts can implement AI powered by ML algorithms to validate and verify the accuracy of billing data by cross-referencing it with existing records or predefined criteria and immediately correcting minor errors, reducing the chances of incorrect billing.
We can implement AI features that match purchase orders, delivery receipts, and invoices to ensure accurate billing. The AI-powered invoicing can identify discrepancies, reduce the need for manual intervention, and flag specific cases when they need further review.
Our AI-powered fraud detection algorithms can detect anomalies and patterns indicative of fraud in billing data. This capability can spot duplicate invoices, unusual spending patterns, or suspicious vendor activity, preventing financial loss.
Our team can develop AI that optimizes payment processing by selecting the most cost-effective payment methods, reducing payment processing fees, and minimizing payment fraud. AI can also provide tailored marketing to customers by analyzing customer behavior and providing features like preferred payment methods and customized promotions and discounts.
Our developers implement predictive billing analytics that analyzes historical billing data and uses Machine Learning billing solutions to predict future expenses and cash flow, providing helpful insights. It can also provide insights into customer behavior, market trends, and cost optimization opportunities.
Our experts can develop AI-based expense tracking that provides real-time expense tracking as they occur, giving organizations an up-to-date view of their financial health. Employees can submit expenses through mobile apps or web interfaces, and AI can immediately process and categorize the submissions.
Our team can integrate AI-powered revenue management to optimize pricing, demand forecasting, and customer segmentation to maximize profits. It provides real-time insights into revenue streams and competitor dynamics. Automating price adjustments and resource allocation based on AI predictions enables businesses to adapt quickly to market changes and boost their revenue.
Chetu’s payments software development experts ensure your software complies with consumer protection standards including Payment Card Industry Data Security Standard (PCI-DSS), Payment Application Data Security Standard (PA-DSS),
Frequently Asked Questions
Automated billing software is a digital tool designed to streamline and simplify the billing process for businesses. It automates invoice generation, payment processing, and reporting, reducing the manual effort and the chance of errors. It is customizable to accommodate various billing models like charges, subscriptions, or usage-based fees. It integrates into accounting systems and payment gateways for seamless financial management.
Billing software handles recurring payments by automatically generating invoices and charging customers through saved and preferred payment methods at the appropriate intervals. Additionally, these software solutions include the following capabilities: automatic subscription renewals, customer notifications, and subscription management.
Automated billing software provides increased efficiency, accuracy, and time savings. It improves cash flow by facilitating quick payments, ensuring billing consistency, and enhancing customer satisfaction through self-service options. It reduces operational costs, provides data-supported predictive analytics, and supports compliance and audit requirements.
Of course! The integration allows invoice data to be synced with accounting records, allowing you to take advantage of real-time updates and deliver services like cash flow tracking, tax preparation, and financial reporting.