My employer currently uses ClientExec. WHMCS is a lot better, faster and more efficient. If you are starting from scratch, I recommend you save yourself the trouble and go to WHMCS. You will want to switch later on if you go with CE now.
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Hostbill is the new WHMCS and is taking it over. Hostbill also includes a free live chat system that is integrated into the billing system and allows you to integrate into the site also.
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