Successful implementation of MacBill will have many benefits to the University, including:

• Billing units will be able to generate an official invoice (McMaster format, customizable by department/project)
• Issuing Billing Units can easily send reminder notices to customers until the invoice is paid.
• Complete listings of aged outstanding amounts due from customers will be available by department
• Fewer ‘unclaimed payments’ are expected
• Billings can be integrated with the Research Grants module.
• Duplicate billings should be reduced
• Revenue will be recognized at the time of invoicing
• Research Project statement will have additional information on outstanding invoicing