A cloud billing platform is an online software that automates your billing and payment operations. It simplifies the process of creating and managing invoices, generating statements, performing reconciliations and paying bills.
Cloud billing platforms can help you save money on duplicative costs, reduce errors, and improve cash flow by automating manual processes. They can also increase customer satisfaction and retention by providing real-time visibility into account activity, helping to reduce churn and potential to generate more ARPU.