{"id":8892,"date":"2023-03-29T15:25:19","date_gmt":"2023-03-29T19:25:19","guid":{"rendered":"https:\/\/www.sage.com\/en-ca\/blog\/?post_type=sage_glossary&p=8892"},"modified":"2025-08-05T09:32:19","modified_gmt":"2025-08-05T13:32:19","slug":"what-is-an-automated-billing-system","status":"publish","type":"sage_glossary","link":"https:\/\/www.sage.com\/en-ca\/blog\/glossary\/what-is-an-automated-billing-system\/","title":{"rendered":"What is an automated billing system?"},"content":{"rendered":"
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\n\t\t\t\t\t\t\tGlossary definition<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t
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\n\t\t\t\t\t\tWhat is an automated billing system?\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t
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There are 5 key functionalities<\/a> SaaS and subscription companies should look for in a billing solution to automate accounting and reporting. These include:<\/p>\n\n\n\n

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  1. Flexible intelligent general ledger with AI and a continuous close<\/li>\n\n\n\n
  2. Public market reporting such as forecasting, FP&A, and financial statements<\/li>\n\n\n\n
  3. Foreign exchange, currency, and tax<\/li>\n\n\n\n
  4. Consolidations<\/li>\n\n\n\n
  5. SOX compliance<\/li>\n<\/ol>\n\n\n\n

    Take for example the story of Marqeta, which leveraged Sage Intacct to modernize and streamline their SaaS billing process\u2014cutting time spent on monthly billing. Watch this short video to see how Sage Intacct met Marqeta\u2019s needs<\/a> to modernize and streamline their SaaS billing processes.<\/p>\n\n\n\n

    What to integrate with your billing system<\/strong><\/p>\n\n\n\n

    Depending on the accounting and\/or billing software you use, it might already include automated billing that you can customize. It is best to reduce the number of systems that you must integrate to drive your billing, collections, and reporting; however, if that’s not the case, there are several add-on software services that possibly integrate with your current billing or accounting software as a plugin.<\/p>\n\n\n\n

    Watch this short video to learn about Sage Intacct\u2019s native integration with Salesforce<\/a>. You will learn how Sage Intacct allows SaaS and subscription companies to automate billing and revenue, forecast the future over the lifetime of your contracts, and bring all of your SaaS metrics into a single dashboard.<\/p>\n\n\n\n

    The advantages of automated billing<\/strong><\/p>\n\n\n\n

    There are several key advantages of utilizing automated billing software<\/a>, including:<\/p>\n\n\n\n