Chargebee, a San Francisco-based financial management platform, has launched a new e-invoicing service for enterprises that operate via a subscription-based business model. The feature will include new tax and revenue recognition tools. Most notably, however, it will introduce a marketplace-like feature to help businesses automate their billing workflows.
The newly introduced service looks to capitalize on the fact that many nations have mandated e-invoicing for business-to-government (B2G) transactions, including Germany, Finland, Brazil, France. Because of this, Chargebee's e-invoicing service should appeal to businesses seeking global expansion in these countries.
"Italy has some of the strictest eInvoicing mandates in the world, and without Chargebee’s eInvoicing service, we would have had to spend countless hours sending them out manually," Gabriele Proni, co-founder and chief technology officer of Voxloud, which was provided early access to the service.
All-In-One E-Invoicing Solutions
Chargebee Debuts E-Invoicing Service for Subscription Businesses
Trend Themes
1. E-invoicing Automation - Chargebee's e-invoicing service will enable businesses to automate their billing workflows.
2. Tax and Revenue Recognition Solutions - The newly introduced service includes new tax and revenue recognition tools to facilitate financial management for subscription businesses.
3. Global E-invoicing Compliance - Chargebee's e-invoicing service is positioned to appeal to businesses seeking global expansion in countries with mandated e-invoicing for B2G transactions.
Industry Implications
1. Subscription Management - Chargebee's e-invoicing service will benefit companies that operate via a subscription-based business model.
2. Financial Technology (fintech) - Chargebee's platform is an example of the growing innovation opportunities in the FinTech industry with regards to invoicing automation and revenue recognition.
3. Software-as-a-service (saas) - The e-invoicing service from Chargebee is designed to cater for SaaS business models and reduce complexities in financial management.