About Convergent Billing Systems & Software
Convergent Billing System is a combination of an application and a database designed in such a way that it facilitates collection and transfer of information about customers, which is then used by operators for business purposes. The clearing system is specific for each line of business. It might be a simple system based on invoices or e-invoice and used on a daily basis in all kinds of stores or a system of monthly bills for such public services as the Internet or telephone.
The bills may contain a fixed value (e.g. the monthly service fee) and one-off charges (e.g. SMS package deals, additional minutes or termination of contract). Telecom billing system process all types of fees and charges which constitute the basis for the generation of invoices. These are delivered to customers by means of traditional mail or, less often, by e-mail.
The majority of advanced clearing systems allow for various methods of payment, e.g. Direct Debit (payment order). It consists of monthly clearing by means of charging the customer's credit account or credit card with the service fee.
The warehouse convergent billing software allows for entering the product information on a one-off basis. It then identifies each item and estimates the total cost. The final stage is the generation of the e-invoice or receipt.