The technology that supports the automation of billing and invoicing processes is commonly referred to as billing software or automated invoicing systems. These technologies streamline the billing cycle by generating, sending, and tracking invoices electronically. Features often include recurring billing, payment reminders, and integration with payment gateways, enabling businesses to automate payment collections. Automation reduces manual errors, accelerates cash flow, and enhances overall productivity by freeing up time for finance teams to focus on strategic initiatives.