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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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churn rate

Accounts Receivable

Churn Rates By Industry: Is Your Churn Rate Too High?

Customer churn—the rate at which customers stop doing business with a company—is a critical metric for companies across all industries. High churn rates can directly impact revenue growth, profitability and long-term sustainability....
AR aging

Accounts Receivable

Your Guide to Accounts Receivable Aging Reports & How to Calculate AR Aging

Does your organization extend credit to customers? Do members of your accounts receivable team find themselves overwhelmed with the task of determining which customers have uncollected debt? An accounts receivable (AR) aging...
revenue recognition

Billing & Monetization

Revenue Recognition Simplified

Revenue recognition is an accounting principle that outlines when (and how) businesses record revenue. It focuses on when it's earned (rather than when payment is received) to ensure accurate financial reporting. While...
dunning

Accounts Receivable

What is Dunning, and Can it Improve Customer Retention?

An overlooked process by many software as a service (SaaS) and subscription-based companies, dunning is a 17th-century term that describes the process that organizations take to methodically communicate with customers to collect...
collection management system

Debt Management and Collections System

Understanding AI’s Role in Your Collection Management System

Whether a consumer or business, the one thing both currently have in common is rising debt. According to a recent Experian report, total outstanding consumer debt grew to nearly $14.9 trillion –...
what is enterprise billing

Billing & Monetization

What is Enterprise Billing: An Overview

Enterprise billing refers to an advanced and sophisticated system designed to meet the complexities of large-scale businesses across all billing processes like invoicing, payment processing, dunning, collections, revenue recognition, taxation, credits and...
recurring billing software

Billing & Monetization

Recurring Billing Software: The Backbone of Subscription Businesses

As the term implies, recurring billing (also known as automatic bill payment) takes place when a business automatically charge customers a fixed amount for products or services on a predetermined basis such...
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...
billing software

Billing & Monetization

Billing Software: What You Need to Know

Described as software that enables companies to, at its most basic level, generate and send invoices, collect payments, and calculate taxes – billing software is now capable of so much more. Regardless...
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...
automated billing system

Billing & Monetization

5 Advantages of Using the Right Automated Billing System

Did you know that 67% of businesses use automation to standardize or automate daily tasks? If this is the case, why do nearly 95% of workers say they still perform repetitive, time-consuming...