SunSystems Recurring Invoicing module launched - enables businesses to automate the recurring billing process thereby saving time as well as money
Powerful contract management and automated billing capabilities
The functionality of leading financial and business management software solution SunSystems has been enhanced with the addition of a recurring invoicing module. This new offering extends the breadth of the SunSystems solution portfolio and demonstrates the policy of continual improvement by its author to meet the ever-evolving needs of its global user base.
SunSystems Recurring Invoicing enables businesses to automate the recurring billing process by efficiently processing repeat invoices, performing deferred revenue calculations and simplifying administration, thereby saving time as well as money through a reduction in overheads. For example, billing for an annual contract that is invoiced on a monthly basis can be set up quickly and simply. And with wide ranging flexibility, variations can be incorporated with ease.
The comprehensive contract management functionality maintains a central database of customer details, thereby improving invoicing accuracy and automatically highlighting key contract renewal dates. Invoices can be created for a range of periods with the ability to record ad-hoc charges for inclusion in the next invoice. It also generates analysis reports so users can accurately assess deferred revenues and identify how those revenues will be recognized, along with the facility to automatically create journals to ensure revenue is recognized in the appropriate period.
Nigel Rayner, product marketing director at SunSystems, said: "We are focused on delivering a comprehensive financial and business management application portfolio with particular emphasis on service-oriented industries. SunSystems Recurring Invoicing provides important functionality for organizations that deliver services on a contract basis and automates the invoicing process, which is often complex in these industries. This module will help users enhance customer service by managing contracts effectively and improving invoicing accuracy while reducing associated administrative costs."
Not only does the SunSystems Recurring Invoicing module improve the level of accuracy, transparency and efficiency of the invoicing process, but also it ensures that management has a unified view of financial and invoicing information without the need to import data from disparate systems, which is costly in time and resource.
Download more information about SunSystems Recurring Invoicing.
