"Industry-specific billing" refers to the invoicing of services or products that are specific to a particular industry.
Typical features of software in the industry-specific billing domain could include:
Tariff and Price Structure: The software allows for the definition and management of industry-specific rates and prices for services or products.
Compliance: Considering industry-specific regulations and compliance requirements in billing to adhere to legal standards.
Consumption or Usage Calculations: If relevant, the ability to capture and bill for the consumption or usage of resources specific to the industry.
Reporting: Generation of reports tailored to the requirements and metrics of the specific industry.
Integration with Industry Standards: Integration with industry-specific standards and interfaces to ensure smooth data exchange.
