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Aptible
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Recurly
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I work for a SAAS recurring billing platform, chargeover.com from my experience you do not need to send them an invoice. If they agree to terms when they signup you could just run a payment against their card on file and send them a payment receipt. It's a pretty slick deal, and there are loads of other options you could enable as well. But to your question it's more common than you think not to send invoices... Source: about 3 years ago
SAI360 - GRC Platforms
fusebill - Fusebill is the leading recurring billing and subscription management software for businesses. Try Fusebill for subscription billing made easy!
Fastpath Assure - Fastpath Assure is a cloud GRC platform that integrates with various ERP systems
BillGrid.com - BillGrid is an easy to use online invoicing, billing and expense management system that will save you time with tracking clients projects, expenses, invoices and payments.
AuditBoard - AuditBoard is a platform that offers compliance and audit management that allows auditors to analyze, manage, and report the business operations.
Chargebee - Chargebee lets you manage subscriptions and payments at scale, handle custom recurring billing scenarios, reduce subscription churn and simplify accounting.