How to choose Billing Software and Important features of Standard Billing Application!
Generally a Billing software allows you to track the products, services and to keep accounting figures precise. Operations like Generate Bill, share invoices, receive payments are mandatory for any Billing Software. you will need additional billing functionality depending on the products you sell, your pricing models and customer preferences.
Since billing software requirements vary depending on your Business size as well as your industry verticals, we have provided a comprehensive guide to help you choose the billing software solution that will keep your business growth and performance.
Verticals that require Billing Software:
Retail Business verticals like Supermarket, Grocery shops, Restaurants, apparels, Pharmacies, Healthcare centers, Hospitals, stationery shops, Mobile store, electrical and electronics center & more.
Application features like Accounting and finance, Coupons, discounts, Barcode generation, Flexible payment options, promotions Management, Inventory Management, user management, Multiple store management, Multiple currency, TAX calculations.
In-Built GST functionality, Integrations and customized Report Management are the other important features you need to look at when it comes to expanding your business to the next level. So that it will be flexible to upgrade your billing application.
Key feature that boost your sales:
Billing applications come with on-premise and cloud versions, based on your business demands you need to choose which versions are suitable. In a simpler way to understand the difference between On premise vs cloud is that, the databases are created and Data are stored in local systems is known as on On-Premise setup. Whereas on cloud the application database setups and data processing are done through cloud infrastructure.
POS Terminals setups are mostly preferable for retail billing, Touch interface is more flexible to operate quickly at end user level but POS terminals will be little expensive. Desktop versions setups can also be used for alternatives.
Fast Billing - The application should support seamless billing operation, which boosts business.
Quick Add Products - Creating the products is an important process, Billing applications should be capable of efficient product adding at any instant.
Customized Bill Format- Based on customer needs, the Bill format to be designed, It is flexible to have In-Built multiple Bill formats to be generated while printing Bill and Invoice.
Sales Tracking - Day wise sales tracking, product wise tracking , category wise tracing will be useful for business Analytics to analyze the trend of the market and to adopt it or to create Business plans accordingly.
User Friendly Interface - The operator should perform hassle-free billing operations, the User Interface and Functionality accessibility should be in such a way that without any assistance, the end user - operator should perform seamless operations.
Data Security - Security & Integrity is more important in any application, the application data should not be exploited. The application with End to end security or encryption security are most preferable.
Assistance - Most important factor of any application would be application support, It is required and Mandatory that Billing solution should provide assistance at any cases.
It is important to use application software for every business and the other important one is choosing the right application for your business demands.
