Best automated invoicing software of 2023
20 July 2023- 22 min read
20 July 2023- 22 min read
Generating, sending, and managing invoices manually is a time-consuming and resource-heavy process. For that reason, businesses are turning to automated invoicing: a faster, more efficient, and more accurate way to process invoices, which can help streamline business processes, reduce costs, and eliminate human error.
In this article, we will cover what automated invoicing software is and share with you our picks for the 5 best automated invoicing software solutions of 2023.
Automated invoicing is a core feature of recurring billing software that helps companies generate, send, and manage invoices. The software generates invoices in advance to be issued automatically to customers at a specified time and date.
The automated invoicing system charges the customer for goods or services they have purchased before confirming that the payment has been made. This enables companies to streamline the invoicing process, making it more efficient, accurate, and timely.
Key features of automated invoice processing software include:
By automating these and many other processes, automated invoicing software allows companies to save time, reduce human error, and improve cash flow by ensuring that invoices are sent and paid promptly. This makes automated invoicing software beneficial for any organization in need of a streamlined approach to invoicing.
The world is moving from transactions between merchants and their customers to long lasting relationships. Upodi is a software solution designed to support this fast-growing change in buyer behavior and help companies optimize their subscription-based services.
Upodi offers two types of solutions: an automated recurring billing engine and a subscription management platform, both of which include automated invoicing software. With an API-first approach, Upodi enables smooth and secure integration with your existing technology stack while ensuring compliance with regulations.
Key features of Upodi include:
Upodi offers a powerful invoice generation and billing engine that can handle high volumes of invoices, as well as an extremely customizable solution that allows you to build the invoice automation flow as you wish. Upodi also integrates with any payment service provider, ensuring that you can always offer your customers their preferred payment methods.
The platform offers a limited choice of native integrations and no customer self-service portal, meaning that customers cannot manage their own subscriptions or view their invoice history.
Zuora is a cloud-based subscription management platform suitable for businesses of every size. One of the best-known subscription billing platforms, Zuora offers automated invoicing among a suite of features designed for subscription-based businesses.
The platform’s billing solutions help businesses monetize their innovations through flexible pricing strategies and simple, automated billing operations.
Key features of Zuora include:
Zuora is a comprehensive solution that offers a wide range of features to address the needs of subscription-based businesses. The solution also integrates well with third-party services — especially CRM systems — which enhances its many capabilities.
The extensive features and configurations in Zuora make it a complex solution that requires a steep learning curve. The solution’s many features also come with a hefty price tag, which can make Zuora too expensive for small businesses and startups.
A product offered by Stripe, Stripe Billing provides tools for subscription and billing management, including recurring payments, metered billing, and automated invoice generation.
Stripe Billing allows you to collect and retain more revenue, automate revenue management workflows, and accept payments globally. The solution is focused particularly towards small businesses and startups.
Key features of Stripe Billing include:
Stripe Billing is known for its user-friendly interface and ease of setup, making it accessible to businesses of all sizes and particularly well suited for small businesses and startups. However, the solution is also scalable and can handle the billing needs of both small businesses and large enterprises.
Stripe charges transaction fees, which can be costly for some businesses, depending on the volume of transactions. Some users have also noted that Stripe Billing may lack some of the advanced features offered by other similar platforms.
Oracle NetSuite is a comprehensive suite of cloud-based business management software applications that encompasses ERP, CRM, and e-commerce. NetSuite includes modules for financials, billing, and revenue recognition, all of which support automated invoicing.
NetSuite is an all-in-one business management solution that can help you streamline your operations and improve your overall efficiency and productivity.
Key features of Oracle Netsuite include:
NetSuite is a comprehensive solution that provides a wide range of integrated business applications in one platform and is designed to scale with businesses as they grow. The platform can handle a variety of complex billing scenarios and supports customization to fit specific business needs. For many companies, these factors can help simplify processes and reduce the need for multiple separate systems.
Because of its extensive range of features, NetSuite can be a complex solution to integrate and use. Users may therefore require training and potentially additional consulting support to become familiar with the solution. NetSuite can also be expensive — especially for small businesses.
As your SaaS business experiences growth and scales up, you'll encounter two key dynamics: increased pressure on your tech stack and a heavier workload for your employees. Your need for faster, more efficient, and more accurate invoicing will increase, compelling you to explore new setups or solutions for handling your invoice processing.
At Upodi, our core expertise lies in subscriptions. Our product is exclusively dedicated to handling subscription management and recurring billing — and automated invoicing is a core feature of our service.
By choosing our solution, you gain a flexible automated invoicing system that can be customized to suit your needs. You don’t have to change your workflows to accommodate us, and you won’t have to deal with a cumbersome system that impedes efficiency and disrupts your existing setup.
We automate your invoicing, subscription management, and payment tracking work. With an API-first approach, we smoothly and securely integrate with your existing tech stack while ensuring compliance with regulations.
Handle your invoice processing with full confidence and flexibility. From generation to sending and managing, we help you automate your invoicing to streamline your business processes, reduce costs, and eliminate human error.
See how Upodi can help you optimize your invoicing, billing, and subscription efforts; start a free trial today:
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Piper is our Head of Marketing. He is passionate about delivering business growth through media projects and marketing campaigns. Piper joined the team in February 2022.
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