5 Benefits of Using Salesforce Billing

What Is Salesforce Billing?

Salesforce Billing is part of Quote-to-Cash solution. It automates billing, manages orders, generates invoices, manages payments and recognizes revenue.

What Are The Benefits Of Using Salesforce Billing?

Sending error-free bills to customers and having them paid quickly is crucial to a healthy business process and to smooth and seamless workflow. However, setting up an efficient invoicing system brings more benefits to your business, not just minimizing the errors. Here are 5 most important ones:

 ► Minimizing Errors - the chance of human error is reduced considerably by compiling automatically costs and quotes and generating the corresponding invoices. This consequently saves time, which you know - is money.

 ► Managing Subscription Billing - Salesforce Billing supports services that are billed on a recurring basis, as well as discounts, free trials, renewals and refunds.

►  Reducing Administration - by automating and standardizing the invoicing process and by connecting a set of complex systems, the administration is effectively reduced. Faster invoicing means less errors, which means more time and that can be used more efficiently in other areas of the business.

►  Creating Transparency - with an efficient invoicing system it is very simple to find the necessary information and to provide in to a client or customer who has a query about the billing process.

►  Simplifying Records - creating reports by using one single integrated solution is very straightforward. Business profitability can be improved with the help of automated reports and custom dashboards which allow to quickly identify most the most important information, most profitable customers and buying patterns.

Thus, these are just some of the benefits that Salesforce Billing has in store. By pairing CPQ and billing functionality on the same platform the benefits are boundless.