A ‘bill run’ is the process of generating invoices and charging customers for their subscriptions or recurring services all at once. It is a method of generating invoices and bills for multiple customers or accounts at the same time. This practice is often used in businesses that provide ongoing services or products on a recurring basis, such as subscription-based services.
Typically, businesses that offer these subscription-based services charge their customers a fixed amount regularly, such as monthly or annually. The subscription management software automates the billing process, which involves generating invoices, calculating taxes, and applying for discounts or promotions. The bill run is the final step in this process, where the system collects all pending charges and generates the final invoices for all customers in one go.
The timing of a bill run can vary depending on the business’s billing cycle. For instance, a business may choose to run bills every month, quarter, or year. During a bill run, the subscription management platform generates invoices for all customers who have an upcoming payment due or have outstanding balances.
Once the bill run is completed, the system automatically sends out the invoices to customers via email or makes them available for download in their accounts. The subscription billing software will update the customer’s payment history and account status, reflecting the latest charges and payments.
Overall, a bill run is a crucial process for businesses using SaaS subscription management platforms as it helps to streamline their billing operations, improve accuracy, and reduce errors.
