Category: Billing & Monetization

4 Successful Pricing Strategies in the Sharing Economy

Posted on: January 14th, 2020 by Dennis Wall No Comments
The sharing economy is projected to grow to $335 billion in revenue by 2025. This level of growth requires new business operating strategies, if these companies want to remain competitive. Pricing is particularly critical for success in the sharing economy. “As rapidly evolving technologies and business models transform many industries, strategic pricing – a holistic

Cash flow Projections: How to Analyze Your Cashflow to Grow Your Business

Posted on: January 9th, 2020 by Jeff Weiss No Comments
Cash flow is crucial to your business because it determines what you can pay to operate and expand your enterprise. Because it’s important to maintain positive cash flow, it’s important for you to analyze its ebbs and flows. This allows you to make investments in the growth of your overall business. When you can better

How Much Should You Spend on Your Billing Solution?

Posted on: October 28th, 2019 by Leonid Solomonik
Cost is a concern for any business, no matter the industry, especially when your company is looking at purchasing enterprise-level software. Advancements in technology and connectivity along with the prevalence of smartphones and tablets, cloud delivery and data backup, raise questions of costs and savings when considering any technology purchase. It’s no surprise then, that

BillingPlatform Offers Free Test Drive

Posted on: September 13th, 2019 by Dennis Wall
We just made it even easier for everyone to discover how BillingPlatform makes complex billing simple. Our free, 14-day limited trial let’s you raise the hood, kick the tires, and see for yourself why enterprises across the globe are choosing BillingPlatform to offer creative pricing options and embrace digital transformation. We have crafted a guided

Not all Service-Based Revenue Models are Created Equal: How to Optimize Your Pricing and Business Model

Posted on: August 16th, 2019 by Jeff Weiss
Figuring out your pricing model is a critical component of structuring a profitable business. For service-based businesses, in particular, implementing a pricing structure that not only covers your expenses but helps you secure a healthy profit is challenging. While there are several variables that go into establishing a service-based pricing model, service-based businesses make most

What Is PSD2 and How Does It Affect My Payments?

Posted on: August 14th, 2019 by Leonid Solomonik
Merchants in the EU are about to see an increase in credit card declines across the board. The culprit? Payment Service Directive 2 (PSD2) PSD2 is a regulation passed by the EU that aims to increase online payment security and expand the financial services ecosystem. EU member states hope to fight fraud by requiring stricter

Optimizing Billing For The Sharing Economy

Posted on: August 9th, 2019 by Dennis Wall
Over the past 10 years, the sharing economy has exploded. As a result, businesses are reconsidering how they go to market with goods and services to keep pace. Let’s explore this evolution and how modern billing can help you take advantage of the economic disruption of the sharing economy. Companies like Uber and Airbnb helped

Effective Rate Management across Thousands of Customers

Posted on: May 25th, 2019 by Jerry Schwartz
As your business continues to grow, rate management becomes a top priority. If you’re interested in effectively adding more products and services to your company and balancing spending rates across the needs of increasing customer expectations, your billing system must adapt to this dynamic environment. More specifically, you’ll need to modify the rates for many

7 Questions to Clarify Your Billing Requirements

Posted on: May 24th, 2019 by Leonid Solomonik
“Should I build or should I buy my billing system?” is one of the predominant questions we’ve seen business’ struggle with answering. Before you can decide which billing system option is right for your business, it’s important to understand the details dictating your billing needs. There are many aspects to consider around successful billing, from

Generate Billing Invoices at Enterprise Scale

Posted on: March 29th, 2019 by Jerry Schwartz
Invoice management shouldn’t be an obstacle for any business. When enterprises begin to flourish, and the customer base grows, invoice management becomes a daunting task where any error carries critical business risks. Over charge a customer and they may leave; miss a charge and threaten your bottom line. To combat these risks, BillingPlatform offers a