How much does it cost to build a billing app for the finance sector?

Standard price for a billing app for the finance sector: $21,000

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What is a billing app for the finance sector?

Billing apps for the finance sector are payment processing applications designed to facilitate invoicing, customer payments, and other financial transactions. A billing app can be customized to fit a wide variety of use cases, including invoice management, online payments, credit card management, or direct debit transactions. Billing apps contain features that allow users to manage their own invoices as well as invoices shared with them by other users in their organization.

Billing apps for finance share features with other finance and accounting app types, such as expense account apps, budgeting apps, and financial planning apps. Popular billing applications include QuickBooks Self-Employed and Zenefits.

Here are some recent billing app for the finance sector examples built with Crowdbotics:

  • A recurring payment/billing web app. This is an internal app for businesses to bill customers.

What is the typical cost to build a billing app for the finance sector?

A billing app for the finance sector usually costs $21,000 to build. However, the total cost can be as low as $7,000 or as high as $35,000. A billing app for the finance sector with a low number of features (also known as a "minimum viable product", or MVP) will be more affordable than an app that includes all intended functionality.

For example, here are some recent price quotes for a billing app for the finance sector from Crowdbotics:

  • $21,000

How long does it take to build a billing app for the finance sector?

A billing app for the finance sector usually takes 280 hours to build. However, a billing app for the finance sector can be built in as few as 93 hours, or in as many as 467 hours. The exact timeline mostly depends on how complicated your app is. As a general rule, it will take longer if you require highly custom designs, niche features, or non-standard release platforms.

For example, Crowdbotics produced the following recent hourly estimates for a billing app for the finance sector:

  • 280

How to successfully grow your billing app for the finance sector

A billing app must be able to provide an easy way for people to pay their bills. A billing app might consider providing users with a notification of the payment deadline, enabling users to make a partial or full payment via credit card, or offering users discounts on their next bill if they pay it on time.

Risks and challenges of building a billing app for the finance sector

A billing app for the financial sector is less risky than a stock trading app because it does not handle personally identifiable information and typically doesn't involve sensitive financial transfers. However, a billing app still needs to consider issues such as data breach and system failures (specifically related to accounting software). You will want to make sure that you have robust logging and monitoring in place to track potential errors. A billing app also needs to be able to stand up against legal scrutiny, especially if it is used by auditors or bookkeepers.

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Some of the descriptions on this page were completed with AI assistance. Learn more here.