A billing system is a software application that helps businesses manage their invoicing and payment processes. It automates the generation of invoices, tracks payments, and manages customer accounts. This system ensures that businesses can efficiently bill their clients for products or services rendered, reducing errors and improving cash flow. Billing systems can also integrate with other financial tools, such as accounting software and customer relationship management (CRM) systems. By streamlining the billing process, these systems enhance operational efficiency and provide valuable insights into revenue trends and customer behavior, ultimately supporting better business decision-making.