Multitenancy Invoicing API for Your Platform
Invoicing is a hassle, but what if it could be a growth driver for your platform? Instead of letting clients handle it elsewhere, you can integrate invoicing directly—boosting retention and even creating a new revenue stream.
Multitenancy. It lets multiple clients use a single invoicing system while keeping their data separate. This means lower costs, faster setup, and more value for your users. But why should you care? Let’s break it down:
What is Multitenancy
Multitenancy is a software architecture where a single instance of an application serves multiple customers while keeping their data and configurations separate. Each tenant shares the same infrastructure, but their data remains isolated, ensuring privacy and security.
Multitenancy is widely used for services that are expensive to develop individually, but become cost-effective when shared among multiple users—without compromising quality or performance.
This model is especially important for companies operating as platforms, such as SaaS businesses, that provide solutions for their clients. With multitenancy, SaaS platforms can:
When Is Multitenancy Useful For Invoicing?
Invoicing is a challenge every company faces. Most businesses still handle it manually, which is both time-consuming and costly, especially for small teams. Beyond the time lost, companies also face frequent regulation changes—including complex cross-border rules—which increase the risk of errors and fines.
The Real Costs of Manual Invoicing:
To solve these issues, governments worldwide are mandating e-invoicing, forcing companies to integrate it. While the initial investment in e-invoicing can be high, it significantly reduces long-term costs by automating the entire process.
How E-Invoicing Works:
No matter the challenge—whether a company is struggling with high integration costs or losing time and money on manual processes—you can offer the solution with multitenant invoicing. Once integrated into your platform, users can easily onboard, customize invoices with their branding, and issue fully compliant e-invoices—all at a fraction of the cost.
E-invoicing Value To Your Platform
By integrating invoicing, you solve a major pain point for your clients, making your platform more attractive. Instead of juggling multiple providers, they can stay loyal to your platform, increasing retention and trust. This also makes it easier for new clients to choose you, giving you a competitive edge over rivals who lack a built-in invoicing solution, or a wide range of useful services you offer.
However, how you offer invoicing is up to you. Predicting your platform is not primarily focused on invoicing, but serves a specific niche with a broader range of services, invoicing becomes an additional value-added feature rather than a core necessity. This gives you flexibility in your pricing strategy:
Each model has its own advantages, whether it’s attracting more users, offering a pay-as-you-grow approach, or ensuring guaranteed monthly revenue. Choosing the right strategy depends on your business goals and how you want to position invoicing within your platform.
How To Integrate Invoicing Feature
When integrating invoicing into your platform, you’re not just doing it for your clients—you’re also building value for your business. You have two main options: build the invoicing feature yourself or integrate a third-party API.
Building an invoicing feature from scratch could take up to a year, not including the effort required to ensure compliance with invoicing regulations in every country you operate in. Factor in multiple developer salaries, and you’re looking at a huge cost and time investment. The upside? A fully customized invoicing solution that perfectly fits your platform’s workflows and branding. However, for most companies, this isn’t a feasible solution.
The second, more cost-effective approach is integrating a third party invoicing API. This allows you to add invoicing functionality quickly and affordably, avoiding the hassle of regulation updates and development costs. But not all APIs are created equal, so choosing the right one is critical:
Integrate Invoicing With Space Invoices In A Week
At Space Invoices, we specialize in providing platforms with an invoicing feature ready for upselling with multitenancy. That’s why we’ve built a comprehensive list of supported countries, ensuring global compliance, white-labelling, and invoice customization. Our transparent, usage-based pricing comes with a small monthly fee, giving you access to a fully compliant invoicing solution with multiple added benefits.
As an added value, our founder previously ran a software and platform development company, which is why our detailed documentation is designed to make integration smooth and quick. With the right setup, you can have invoicing fully integrated in less than a week. Plus, our dedicated support team is always available via chat, email, or even a call to assist you every step of the way.
If you have any questions or are ready to start, sign up or contact us—let’s take your platform to the next level.
Additional reading:
Start issuing Invoices, free!
Signup and start issuing compliant invoices from your software in minutes.
Or contact us to get a free implementation consultation.