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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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revenue recognition automation

Billing Platform Architecture

Can Revenue Recognition Automation Help Your Organization?

Since the release of Accounting Standards Codification (ASC) 606 and the International Financial Reporting Standards (IFRS) 15, revenue recognition has been a hot topic. Essentially, revenue recognition identifies the specific conditions in...

Billing & Monetization

Top Reasons to Automate Your Enterprise Billing System

Automation is an option for nearly every task we encounter throughout the day. Reminders for appointments, recording a TV show, and even the water dispenser for your pet. But what about how...

Billing & Monetization

Taking Advantage of Quote-to-Cash Best Practices

If you’re like many of your counterparts, the quote-to-cash (Q2C) process isn’t working as well as it did in the past. In fact, you may be at a stage where the entire...

Accounts Receivable

2022 Trends in Finance Survey

BillingPlatform has released its third annual Trends in Finance Survey: A Perspective on Market Outlook & Strategies for Revenue Growth. Conducted in December 2021, the survey included more than 300 CFOs and...
order to cash vs quote to cash

Business Process Management

Order-to-Cash vs Quote-to-Cash: The Similarities and Differences

Acquiring new customers is essential for the financial health of your business. If you’re like many of your counterparts then a large amount of time and resources are devoted to the marketing...

Billing & Monetization

What Are the Best Recurring Revenue Business Models?

While recurring revenue business models provide predictable revenue at regular intervals, not all recurring revenue business models are created equal. Think of it as the steps of a ladder where the higher...
billing for IT services

Business Process Management

The Ultimate Guide to Billing for IT Services

Unlike industries that solely sell products, you sell services. To be more precise, your business is all about selling your expertise. So how do you put a price on your talent? Charging...
billing transformation

Billing & Monetization

Digital Billing Transformation & Why it Matters

Did you know that the digital transformation revolution began in the 1940s, which was decades before artificial intelligence (AI), the internet of things (IoT), machine learning (ML), big data, and even the...

Billing & Monetization

7 Product Features to Enhance Cloud Billing Automation

At the center of every business, regardless of the industry, are customers. When provided with exceptional service, customers can quickly become loyal brand advocates. At the opposite end of the spectrum are...

Business Process Management

How to Automate the Billing Process (6 Key Steps)

The one thing all companies have in common is their desire to prosper and grow. While many organizations have automated various aspects of the business such as sales, customer service, inventory management,...
quote to cash management

Billing & Monetization

How Quote-to-Cash Management Evolves Into Revenue Operations

Designed to accelerate cash flow, quote-to-cash (Q2C) processes are plagued with complexities and manual effort that lead to errors, bottlenecks, and reduced profitability. Beginning when a prospect expresses interest in your products...
standard accounts receivable reports

Accounts Receivable

4 Standard Accounts Receivable Reports Every Business Needs

To remain competitive in the digital economy, companies are increasingly making the strategic decision to transition to more robust and agile enterprise billing solutions. While there are numerous reasons for the move,...