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For customers, they no longer have to remember due dates or worry about expensive late fees because of a late payment.
Another perk of recurring billing is that you don’t have to have those awkward late-payment conversations with clients or customers, which can go a long-way in building your relationship with your customers.
An example of recurring billing is payroll for salaried employees or monthly retainers.
The project recurring billing rule consists of various billing intervals.
Each billing interval has a fixed rate, billing date, and a state.
The ability to manage complex billing processes such as proration, split billing is facilitated with automation.
Time and billing systems cannot only improve billing efficiency but improve auditability.