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consumption based pricing model software

Billing & Monetization

Consumption-Based Pricing Model Software: 14 Benefits You Don’t Want to Miss

Consumption-based pricing (also referred to as usage-based pricing) charges based on what you use or consume. This usage-based pricing model charges customers only for the resources consumed. For instance, let’s assume a...

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workflow automation

Business Process Management

The Importance of Workflow in Automating Billing Processes

Depending on your needs, workflow can be simple or it can be extremely complex. However, one thing is certain – when it comes to workflow automation, there are some misconceptions. Take for...
debt management and collections system

Business Process Management

What Is A Debt Management & Collections System?

By 2Q2023, consumer debt reached an eye-watering $16.84 trillion – an increase of 4.5% from the previous year. U.S. credit card debt and other types of revolving loans surpassed $1 trillion in...
billing compliance

Billing & Monetization

Billing Compliance: 4 Things You Need to Know

Although frequently associated with medical billing, billing compliance affects all industries with varying degrees of difficulty. For instance, leveraging a variety of payment intervals (monthly, annual, usage-based) and diverse pricing strategies, software-as-a-service...
SaaS revenue recognition

Business Process Management

What is SaaS Revenue Recognition?

Whether a small and medium-sized business (SMB) or large enterprise, revenue is at the very center of your business performance. Many companies struggle to determine when revenue can/should be recognized. Your ability...
real-time payments

Billing & Monetization

Key Considerations for Implementing Real-time Payments

How companies and consumers pay for products and services is rapidly evolving. According to the 2023 Global Payments Report, account-to-account or real-time payments are on the rise. The digital wallet ascension is...
workflow automation software

Business Process Management

10 Ways Workflow Automation Software Improves Business Growth

Is your finance team tethered to an endless supply of spreadsheets? Are steps frequently missed within the billing and payment processes? Are you hiring additional resources to handle the financial close process?...
eCommerce payment processing

Billing & Monetization

A Guide to Streamlining Your eCommerce Payment Processing

Have you traded your brick-and-mortar storefront to sell your products and services over the internet? If so, you’re part of a growing number of businesses that are either complementing their storefronts with...
billing and revenue management

Billing & Monetization

How Billing and Revenue Management Influences Pricing Strategies

Considered an art and a science, revenue management analyzes data to predict the demand fluctuation of your products and services. And billing and revenue management (BRM), is often used by recurring revenue-based...
order to cash process

Billing & Monetization

Automate Your Order-to-Cash Process to Increase Customer Retention

Regardless of your business model, the key to growth and profitability is customer retention. When looking at the customer lifecycle, order-to-cash (O2C) plays a critical role in developing and maintaining long-term customer...
digital payments

Billing & Monetization

Digital Payments: Revolutionizing Transactions for Enterprises

Is cash still king? A quick search provides compelling arguments for both sides of this coin. One thing, however, is certain – digital payments are on the rise. According to a recent...
subscription business

Business Process Management

How to Manage Cash Flow in a Subscription Business

According to a U.S. Bank study, 82% of business failures are due to poor cash management. While there are numerous contributing factors for this significant figure, some of the most common reasons...
subscription software revenue

Billing & Monetization

The Role of Predictive Analytics in Subscription Revenue Software

When forecasting subscription software revenue, do you find it a time-consuming process that never quite hits the mark? What if you had the ability to forecast revenue with precision? Now you can!...