What are the Benefits of using a VoIP Billing System for a VoIP business?

VoIP Billing System

Of course, an impeccable communication system is essential for organizations. But, those businesses that provide VoIP solutions also need to care about the right solutions when it comes to managing their billing process with accuracy. The reason is that they have to deal with the larger volume of the same.

As far as the VoIP billing system is concerned, it is something that is the most effective method of availing fully dynamic billing solutions for these businesses. The system tends to perform multiple tasks. Be it generating new invoices, getting billing rates, maintaining multiple payment types, the VoIP Billing system brings possibilities of doing everything with efficiency.

If we talk about the old billing system, it often fails to deliver with accuracy for VoIP businesses. Quite the contrary, VoIP solutions serve its ultimate purpose of taking care of communication properly, be it collaborative operations, or in-house communication. Some VoIP solutions are available with an in-built VoIP billing module whereas others are not available with the same.

We all are aware of the importance of accounting for any business. A billing system can ease out the complications involved in the accounting process. So, if you operate VoIP based business, you can’t afford to ignore the following advantages of VoIP solutions.

Why VoIP Billing Solution is Important for VoIP Businesses

Take a look at various reasons that increase the importance of VoIP and VoIP Billing solutions for your business.

Automated Billing and Invoicing

VoIP solutions are available with multiple robust features such as call groups, call rates, package creation, rate cards, etc. These features work effectively and make the best VoIP billing software able to automate the entire process of the billing system and also generate invoices.

The great benefit of this system is that it doesn’t prevent users when it comes to applying several specific types of billing. A reliable VoIP service provider makes it possible to create multiple types of creating billing and invoicing solutions.

They get the possibility to make an application for custom billing solutions to those of various specific customers within those of customer groups.

The VoIP service provider can create all different types of invoicing and billing. They can also apply custom billing to a specific customer within a customer group.

Empower Scalability

You need to have a billing system that can scale up with the growth of your organization. This is the most trusted system that is considered to be an effective way of increasing the scalability of your organization. It also brings possibilities for the bulk of generated invoices to analyze various accounts.

Apart from this, one can also modify the billing system without any hassle and also based on your business needs. These billing systems are the best ways of accommodating higher profitability for your business.

Minimize Resources

Those who don’t use VoIP billing solutions, often need to rely on manual resources for carrying the billing task. Whether you need to extend the needed infrastructure, pay a salary, or environment for retaining resources, the said solution is something that keeps great importance.

Manual process compared to the VoIP billing system is time consuming even though there is huge manpower involved in the same. The process is quite slow and also associated with human errors.

A VoIP solution makes it possible for generating a report for prepaid and postpaid accounts, tracking payment, sending an alert, etc. These reports are highly important for businesses and help them in increasing their productivity. It also lets you analyze call data report, account receivable, collection, etc.

These billing systems are also vital for serving as a roadmap to favor the growth of your business. The said solutions let your organization avail themselves the limitless opportunities for the growth of your organization.

Manage Financial History

Every business boasts of a highly established management system for financial transactions. Those organizations that serve the business with VoIP solutions need to have a great and clear financial record.

Besides, the billing system, on the other hand, lets you explore various logged invoices, claim settlement, and track regular transactions. It also makes it possible for you to resend invoices accompanied with details related to payment with the system.

Improve ROI

The above discussion makes it clear that VoIP billing systems work effectively when it comes to minimizing the resources of your organizations. This, on the other hand, also makes it possible for you to save cost and thus, increase the profit of your organization.

What you can Avail from Our VoIP Billing Solutions

We offer impeccable VOIP billing solutions with cutting-edge features be it for invoicing or billing. Explore here detailed information regarding all features we render.

Invoicing/Balance Management

• Automatic and batch invoicing
• Balance, Credit limit and payment management
• Pre-customer invoicing on type bases prepaid/postpaid
• Invoice based on Bi-Weekly/Monthly
• Auto payment in case account goes below the threshold for those of prepaid customer

Billing

• Notification system
• Postpaid credit limit
• Support real-time billing for prepaid
• Force cut off
• Real-time balance update: If the balance goes out then your live call goes off
• Online and aggregated CDRs
• Tariff management/Price List
• Low balance notification through email
• Export/Import of price list from/to CSV files

Who can Hire VOIP Billing Services?

You can hire our VoIP billing solution if you fall under any of these categories;

• Call centers
• Call shops
• VoIP providers
• Callback service providers
• ISPs
• ILDs
• Wholesalers
• ITSPs
• Local exchange carriers

Final Thought

After going through the above discussion, you are now expected to have a sound understanding of the importance of VoIP solutions for your VoIP businesses. All you need to do is to hire a reliable VoIP solution provider.

Author Bio
Sandip Patel — BDE
The author works as BDE at Vindaloo VoIP Solutions (VSPL) since 2016. Sandip has 10+ years of work experience in VoIP Software Development Industry. VSPL is VoIP software development and solutions provider that offers FreeSWITCH, Kamailio, OpenSIP, WebRTC, and Asterisk Development.