Advanced Pricing and Rating Capabilities
BillingPlatform supports all types of pricing models, product bundles, tiered and volume pricing, discounts, multi-level and multi-currency contracts, promotions, fees and one-time charges.
Price the most complex offerings easily and accurately
Deploy and manage pricing for physical or digital products, services, metered usage or recurring revenue.
- Unlimited Pricing/Rating Capabilities - BillingPlatform uniquely separates product information from rating and pricing attributes, which mean you can price offerings with custom business rules without creating a new product instance each time, thus controlling SKU proliferation.
- Subscription Management - Address every aspect of subscriptions with BillingPlatform’s robust management tools and configurable business rules to handle renewals, terminations, upgrades, downgrades, proration, mid-cycle changes, extensions and revenue recognition.
- Metered Usage Rating & Collection - Charge your customers based on actual consumption of products or services by defining your data attributes within BillingPlatform. Collect consumption data from any system in any format. More importantly, this rating happens in real-time allowing you to benefit from immediate usage charges.
- Tiered Pricing - Adopt more creative sales strategies using BillingPlatform’s tiered pricing to encourage higher consumption. With tiered pricing, you can offer customers discounted pricing on any usage that passes a certain threshold, which means they get more value from using your products more.
- One Time Fees - In addition to recurring charges, BillingPlatform supports one-time charges and fees such as ad-hoc product sales or late fees.
- Promotions, Incentives & Adjustments - Move swiftly to address competitive opportunities by providing promotions, discounts, coupons or other incentives with BillingPlatform’s dynamic solution.
Unlimited Pricing/Rating Capabilities
Think beyond flat-rate subscription offerings and manual workarounds; use a system so agile you can design offerings for both your current products or services and any pricing models that evolve in the future.
Pricing strategies can be highly complex with variables including market conditions, competitive actions, customer segments and industry-specific aspects that do not fit into traditional billing systems or simple recurring revenue subscriptions.
Increase your bottom line with better administration of service offerings to easily handle renewals, terminations, upgrades, downgrades, proration, mid-cycle changes and extensions.
Many systems require extensive workarounds to manage even the simplest type of recurring revenue, whether net new offerings or the inevitable changes to current pricing.
With BillingPlatform, you can go beyond standard recurring fees and flat-rate subscriptions. We allow you to monetize business models that combine flat-rates with usage-based models, allowing users to subscribe up to a given threshold with added fees for usage that goes beyond the defined threshold. These models have become very attractive to discerning customers.
Metered Usage Rating & Collection
One Time Fees
Modern billing systems should support every type of product and service fee – from physical shipment to recurring subscription to ad hoc or conditional service fees.
Customers don’t want to manually consolidate multiple invoices for a specific purchase while enterprise billing departments are equally unhappy with systems that can’t handle both recurring and non-recurring (one-time) charges.
BillingPlatform supports both recurring charges and one-time charges like ad-hoc product sales, installation charges or late fees on one invoice.
Selling metered or subscription services? Consider volume discounts and thresholds to support a wide range of pricing and rating scenarios.
Often the hardest part of launching new product offerings is determining how to offer the most attractive terms to your best customers or partners without incurring cumbersome product codes to generate the right price.
You can configure BillingPlatform for volume discounts or pricing concessions based on tiers, thresholds and groupings you define. Manage tiered pricing efficiently based on customer hierarchies and cross-cycle tiers at the product, package and customer-instance level.
Promotions, Incentives & Coupons
Easily configure promotions, discounts and coupons through a centrally managed platform without expending time and resources on manual controls or software program changes.
Product leaders report legacy systems can’t handle competitive price changes across portfolios and vital short-term sales programs, leaving revenue on the table and requiring thousands of dollars in change requests each year.
BillingPlatform lets you combine and cross-sell products and services with specialized promotions and discounts to drive additional sales, especially important for companies introducing and managing many different product SKUs or product identifiers.