Product Description

The Time and Billing Software Requirements comprises essential features, and functionality companies seek in an enterprise-grade software platform to streamline the creation of consolidated inputs for generating invoices, requesting and processing payments, and reconciling accounting ledger.

As most companies are becoming digital entities, online billing and invoicing software is an essential prerequisite for even goods and services delivered offline in the real world. In addition, the ability to generate online invoices and complete the entire billing cycle reduces the accounts receivable cycle for companies and the accounts payable complexity for their customers.

An online billing and invoicing software helps capture transactions (or time), generate invoices, request, and process payments, and automatically reconcile ledger entries. The billing and invoice software also integrates with core accounting and finance systems.

While evaluating competing Online Time, Billing, and Invoicing Solutions, pre-built and customizable Business Requirements help avoid countless whiteboarding sessions or relying on business domain experts for every functionality.

As a business analyst or a project manager, your role is to capture specific business needs that necessitate a Time and Billing software platform. A comprehensive list of Time, Billing, and Invoice Software features and functionality will allow you to think holistically and use the requirements list as a starting point.

An enterprise’s typical requirements for Billing and Invoicing software are listed in several categories and amount to about <XX> functional features. In addition, it also includes about 100 non-functional features. The deliverable consists of brief descriptions of each of the features and functions. The goal is to offer a customizable, comprehensive list to allow you to tailor it to your enterprise needs. Please feel free to add, modify, delete or combine the list of items.

In addition, we also provide a simple template with a list of premier Time and Billing software solutions to enable you to conduct a comparative evaluation. The template is blank, is a starting point, and does not cover all the Solutions. You may include and exclude the appropriate tools that are under consideration in your enterprise.

The Requirements for Time and Billing Software can be used as a starting point for issuing an RFP (Request for Proposal), evaluating competing software tools, and as a springboard for documenting business and technical requirements.

Why should you pay for Time and Billing Software Requirements?

Good question. Much information is available online – vendor websites, vendor review directories, and analyst reports. Vendor websites are primarily for promoting their wares. Many review websites focus on the overall experience and broad capabilities, not detailed features and functions. Analysts’ reports are expensive and do not provide fine-grain feature listings. Furthermore, if you and your team were to scrape and compile information from external sources, and conduct whiteboard requirements sessions internally, the time, effort, and expense would be exponentially expensive. Our features and functionality list provides a springboard for you to customize and tailor to your specific use cases and needs.

Important Terms:

• We do not offer returns, refunds, or replacements as we sell digital products.
• What we are offering is a generic Requirements List. It may or may not fit your company’s needs and requirements.
• Depending on the software life cycle methodology, you may need to convert the raw list of requirements to use cases, agile stories, and other artifacts.
• Sold on an as-is basis and without any implied or explicit warranties
• Consultants and consulting firms have different pricing tiers.
• The sale does not include customization or implementation help. Additionally, we do not offer any support for digital products.
• Please review our standard terms of service.