Chargebee announces industry's first e-invoicing service with Spring2022 Product Release

KUALA LUMPUR, March 17 -- Fresh off its recent round of funding, Chargebee, the leading subscription management platform, has announced the industry’s first e-invoicing service for high-performing SaaS and subscription-model businesses as the centrepiece of its Spring 2022 Product Release.

The release includes updates geared towards enabling growth and efficiency for Chargebee customers, including taxation and revenue recognition features and a new Marketplace to automate billing workflows through a library of customisable integrations.

“Global and product expansion is a big part of Chargebee’s 2022-and-beyond roadmap, and we know that our customers are always looking to scale up, increase capabilities and enter new territories,” said Vice President of Product Management at Chargebee, John Pearce in a statement.

“There are tons of constantly changing rules and regulations that could inhibit growth, and our new offerings are designed to help our customers offload these concerns and focus on building and maintaining business.”

Countries, including Brazil, France, Finland, Germany and India, are already mandating e-invoicing for Business to Government (B2G) transactions as a way of modernising and simplifying tax reporting and payment and several countries, including Poland and France, will join Italy, Mexico and Chile in mandating e-invoicing for B2B transactions as early as 2023.

Chargebee’s e-invoicing service will allow businesses seeking to expand operations globally to easily comply with local e-invoicing mandates and serve B2G and B2B customers in new regions.

Chargebee’s Marketplace enables businesses to build their billing systems on top of Chargebee, allowing for more and better integrations by connecting merchants with a wide catalogue of available integrations to choose from.

In addition to e-invoicing and Marketplace, Chargebee adds taxation and revenue recognition capabilities to handle real-time changes based on customer demands.

Through automation, Chargebee is providing subscription businesses with a new way to sync billing information and improve an organisation’s financial efficiency and enabling them to meet the growing list of compliance requirements, including Value-Added Tax (VAT in Europe) and Tax Deduction at Source (TDS in India).

More about Chargebee’s Spring 2022 Product Release, visit https://www.chargebee.com/blog/spring-release-2022.

-- BERNAMA