Billing Software allows you to track the products and services your customers use, generate and send invoices with, and receive payments. However, some billing platforms are capable of much more. They can automate the repetitive tasks your finance team struggles with on a daily basis. For example, some billing applications provide time tracking so that you can monitor how much time you’re spending on a client’s work – which is critical if you bill by the hour. In addition, billing software may also offer a variety of reports, track debt, manage collections and connect to key solutions to manage things such as taxation and payment processing.