WHMCS module for managing ISPConfig

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I have an Ubuntu 16.04 server with ISPConfig 3.1 and a website where I installed WHMCS.

My goal is to use this module that integrates WHMCS with ISPConfig 3.1 allowing the automatic creation, termination, suspension, and un-suspension of accounts.

But I'm kind of confused.

Is it ok to install WHMCS on a webiste from the own server to be managed (e.g. for client2, site2), or do I have to install it somewhere else? If so, where exactly?

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If you're testing it should be ok to install WHMCS on the same server.

But for production, it is better for performance and security to install WHMCS on separate server or hosting.