About
Octobat is a powerful automated invoicing solution purpose-built for online businesses — including SaaS platforms, ecommerce stores, and marketplaces. It eliminates the manual burden of billing and tax compliance by automatically generating legally compliant tax invoices and credit notes for every transaction, whether one-off or recurring. Through direct integrations and a RESTful API, Octobat plugs into your existing payment service providers to ensure compliance with international and country-specific invoicing regulations — covering sequential numbering, correct tax rates, and mandatory legal mentions. It supports over 30 currencies using European Central Bank FX rates and delivers invoices in native languages for more than 100 countries. Key capabilities include automatic invoice delivery, a self-service billing history portal for customers, customizable branded invoice templates, and both CSV and PDF export formats. Octobat also handles credit note generation, billing information updates, and tax calculation either through its built-in engine or via an external tax provider. Ideal for scaling internet businesses that need to move fast without sacrificing compliance, Octobat saves finance and operations teams hours of manual accounting work every month. It was acquired by Mirakl to strengthen invoice compliance capabilities for global online marketplaces.
Key Features
- Automatic Tax Invoice Generation: Plugs into your payment service providers via API or direct integrations to generate legally compliant tax invoices for every transaction automatically.
- Recurring & One-Time Billing Support: Handles both one-off charges and recurring subscription billing, issuing compliant invoices each time a renewal or charge occurs.
- Multi-Currency & Multi-Language: Supports 30+ currencies with ECB FX rates and delivers invoices in native languages for over 100 countries.
- Sequential Numbering & Tax Compliance: Automatically assigns unique sequential invoice numbers and applies correct tax rates to meet international and country-specific accounting requirements.
- Customer Self-Service Billing Portal: Embed a billing history section into your website or app so customers can download past invoices and update billing information without contacting support.
Use Cases
- A SaaS company automatically generates compliant VAT invoices for customers across the EU with correct tax rates and sequential numbering on every subscription renewal.
- An ecommerce store delivers invoices in customers' local languages and currencies without manual intervention, improving the post-purchase experience.
- An online marketplace uses Octobat's API to issue seller and buyer invoices that comply with each country's specific invoicing laws.
- A startup embeds a self-service billing portal so customers can download their own invoice history without submitting support tickets.
- A scaling internet business exports monthly invoice data in CSV or PDF format for clean handoff to their external accounting team.
Pros
- Global Compliance Out of the Box: Handles complex international invoicing rules — currency, language, tax rates, and legal mentions — without requiring manual configuration per country.
- Saves Hours of Manual Work: Automates invoice creation, delivery, and credit note generation, freeing finance teams from repetitive accounting tasks every month.
- Flexible API & Integrations: RESTful API and direct integrations with popular payment providers make it easy to embed into existing billing infrastructure.
Cons
- Limited Transparency on Pricing: Pricing plans are not publicly listed on the website, requiring potential customers to contact sales for quotes.
- Acquired by Mirakl — Roadmap Uncertainty: Following acquisition by Mirakl, future product direction may shift toward marketplace-specific use cases, potentially limiting standalone SaaS appeal.
- Not a Full Accounting Suite: Octobat focuses on invoice generation and compliance; it does not replace full-featured accounting or ERP software.
Frequently Asked Questions
What types of businesses can use Octobat?
Octobat is designed for internet businesses including SaaS companies, ecommerce stores, and online marketplaces that need to issue compliant tax invoices at scale.
Does Octobat support recurring subscription billing?
Yes, Octobat fully automates recurring billing workflows and issues compliant invoices each time a subscription renews, in addition to supporting one-time charges.
How does Octobat handle multi-currency invoicing?
Octobat supports over 30 currencies and uses FX rates provided by the European Central Bank, updated each working day, to display invoices in a customer's native currency.
Can I customize the look of my invoices?
Yes, Octobat allows you to fully customize invoice and credit note templates to match your brand identity while still meeting compliance requirements.
How does Octobat integrate with payment providers?
Octobat offers direct integrations with major payment service providers and a RESTful API, allowing you to connect it to your existing payment infrastructure with minimal setup.
