Custom invoicing software development
About Itransition
25+ years of experience in software consulting and development
Strategic partnerships with AWS, Microsoft, SAP, Odoo, and NetSuite
Featured in Zinnov’s E R&D Services report in Banking, Financial Services and Insurance
Acknowledged in Forrester’s Modern Application Development Services report
Listed in Everest Group’s Digital Product Engineering Services PEAK Matrix® Assessment report
Maintaining an ISO/IEC 9001-certified quality management system
Holding ISO/IEC 27001 information security management system certification
Core invoicing functionality we implement
Invoice creation & submission
- Customizable invoice templates
- Quote, estimate, and invoice generation
- Automated conversion of sales orders to invoices
- Batch invoicing for multiple customers
- Automated calculation of taxes or additional charges and application of discounts
- Exceptions detection and alerts for missing or mismatched data, duplicate invoices
- Sales invoice approval
- Sending invoices to customers, including recurring invoices
- Invoice submission for validation to tax authorities
Invoice tracking & archiving
- Real-time status tracking for outgoing invoices
- Compliant invoice archiving
- Invoice filtering and sorting by invoice type, due date, status, vendor/customer, and other parameters
- Configurable alerting for events like invoice approvals or due dates
- Automated invoice deletion after the retention period
Payment tracking
- Payment status tracking
- Identifying payment errors, such as failed transactions, late payments, or overpayments
- Automated sending of receipts to customers
Reporting
- Scheduled and ad hoc reporting
- Dashboards with essential invoice metrics, including the number of paid and outstanding invoices, total revenue, and late payment ratio
- Tax reports for audit purposes
Customer management
- Centralized database with customer contact, billing, and payment information
- Customer grouping or categorization
- Automated sending of notifications and payment reminders to customers
- Customer interactions management
- Customer support
Security management
- Invoice timestamping
- Multi-factor authentication
- Role-based access control
- Data encryption and tokenization
- Automated data backup
- Secure transmission protocols
Streamline invoicing with tailored software
Our invoicing software development services
Consulting
Itransition offers expert guidance on implementing custom invoicing solutions, helping businesses select the right technology toolkit, plan the development process, and smoothly integrate new software.
Implementation
We deliver a tailored invoicing solution that covers your business needs and fits into your IT ecosystem. As part of our implementation services, we define project requirements, plan project milestones, perform front- and back-end development, test your software, and deploy it to the production environment.
Important integrations for invoicing software
Based on the analysis of your internal software and third-party services, we select an optimal integration approach to incorporate invoicing software into your digital ecosystem and enable seamless data exchange across systems and departments. Our team offers custom invoicing integration as part of our implementation service offering and as a standalone service.
CRM
ERP
Accounting software
Local tax authority portal
Payment gateways
Customer portals
Email platforms
Current trends in invoicing software development
Itransition applies modern technologies to speed up invoicing processes and boost the productivity of accounting teams while minimizing human involvement.
Mobile access
Cloud computing
Automation
Optical character recognition
Blockchain
Itransition’s best practices for developing invoicing solutions
Legal compliance
Our custom invoicing solutions ensure invoice accuracy, authenticity, and integrity and serve as secure storage for invoices during the period required by the current industry- and region-specific regulations.
Interoperability
We develop robust APIs or other connectors that facilitate communication and interaction of your custom invoicing solution with other back-office systems and legal platforms. This allows you to extend the functionality of the invoicing software and make the invoicing process more flexible.
User-friendly design
To let your employees spend less time on invoicing tasks, our designers create excellent user experiences and intuitive user interfaces that are easy to navigate.
Multi-currency & multilingual functionality
We can build invoicing software that automatically converts the invoice amount to the desired currency and localizes invoices for specific regions. This way, businesses can streamline international transactions and cater to diverse client bases.
Client spotlight
300,000
incoming bills monthly
Billing management software revamp
Itransition redesigned the architecture of the customer’s online billing management system, upgraded its tech stack, expanded its capabilities, and improved security. As a result, the customer’s global client base grew significantly, featuring 100+ Fortune 500 clients.
-50%
product management costs
Order and inventory management system development
We helped a fashion business develop an Odoo-based solution that unified the customer’s existing systems, data flows, and processes. The system automates quotation and invoice generation and matches supplier invoices against orders, speeding up sales and order management.
Related software solutions from Itransition
Accounting software
Itransition builds custom accounting software that helps companies across industries streamline bookkeeping processes and ensure compliance with financial reporting regulations.
Financial analytics
We deliver software solutions designed to analyze vast amounts of financial data, allowing organizations to track and optimize their financial performance and mitigate fiscal risks.
Document management
We set up reliable document management systems for centralized storage of different types of files, automated document management workflows, and better collaboration between team members working on the same document.
Reasons to opt for custom invoicing software
There are many software providers that offer ready-made invoicing platforms. Although this option can be beneficial for some organizations, it has certain limitations that businesses should take into account. Consider building a custom invoicing solution when:
- Out-of-the-box functionality available in platforms doesn't accommodate your established billing and invoicing processes.
- Platform limitations don’t allow you to scale up your solution to support business growth.
- You cannot cost-efficiently integrate a packaged solution with your existing software systems.
- Platform subscription or license fees increase significantly with the addition of new users and/or processes, leading to high TCO in the long term.
- Software updates and upgrades performed by the platform provider disrupt your billing and invoicing processes.
Looking for a reliable invoicing software development partner?
FAQs
What are the benefits of invoicing software?
How much does it cost to build a custom invoicing tool?
What businesses can benefit from out-of-the-box invoicing platforms?
What are the best invoicing apps available in the market?
How to choose an online invoicing tool?
When selecting an optimal online invoicing solution for your business, consider the following software aspects:
- Product capabilities, including invoicing features for custom invoice creation and extra functionality, such as payment reminders or billable hours and expense tracking
- Operating systems compatibility (e.g., for Windows or MacOS)
- User experience
- Security features
- Scalability
- Integration potential
- Free plan availability
Case study
Payment processing system redevelopment
Itransition's team revamped a payment processing system for an established payment transaction service provider.
Case study
Dual-card payment solution
Learn how Itransition delivered payroll and payment dual-card software suite for Prego International.
Case study
Fintech ITSM improvement and cloud migration
Learn how Itransition optimized legacy ITMS processes and migrated Atlassian Jira and Confluence instances to the cloud for a fintech provider.
Service
Financial software development services and solutions
Build a robust fintech software solution according to your business needs. Choose a trustworthy software development company as your tech partner.
Insights
RPA in finance: 10 use cases, benefits & challenges
Learn how RPA helps companies streamline their financial operations and increase business efficiency. Explore RPA challenges and get implementation tips.
Insights
Business intelligence for finance: capabilities, tools & integrations
Explore how business intelligence and data analytics benefit the financial services sector and learn what capabilities, integrations, and tools make up a successful BI strategy.
Case study
Corporate communication portal
An online platform for a global automobile manufacturer automating and speeding up vehicle selection and contracting operations.
Case study
Email archive migration solution
Read how Itransition delivered data migration services for the client’s Windows-based email archive content migration tool.