"Recurring invoices" refer to invoices that are issued at regular intervals, often monthly or annually, for recurring services or subscriptions. Typical features of software in the recurring invoices domain could include:
Automatic Invoice Generation: The software allows for the automatic generation of invoices at specified intervals, based on recurring services or subscriptions.
Customizable Billing Cycles: Features to define flexible billing cycles to accommodate different business models.
Customer Management: Management of customer information and recurring payment details for smooth handling of recurring invoices.
Automatic Payment Processing: Integration of payment gateways for the automatic capture of recurring payments, streamlining the payment process.
Reminders and Notifications: Features for automatically reminding customers before the due date and notifying them of successful or failed payments.
Reporting: Generation of reports on recurring revenues, payment status, and other relevant metrics.