In today’s product development environment, products and the technologies they are based on change rapidly, as do the number of competitors for market space. This means that optimizing time to market is a critical component that directly affects revenue. For example, if your product launch is delayed by six weeks because your billing system slowly adapts to new offerings, that’s six weeks for your competitors to grab market share, and less overall revenue for you to pursue when you finally do go to market.
Reducing Product Launch Cycles
The quicker your billing system can adapt to change, the better you’ll be able to control and predict your time to market and get new products out before opportunities are missed.
If we dig deeper into the bottlenecks created by internal billing processes, it’s very clear that billing can get in the way of generating sales in a timely manner. This highlights one of the key benefits of Billing Platform: the reduction of product launch cycles from months to minutes.
The Platform Solution
The platform can handle an unlimited number of offerings, which can be created, implemented, and billed for on demand. The system also offers the ability to bundle your offerings any way you like, with flexible pricing that can be defined differently for each customer or group of customers. This makes it easy to offer promotions based on any metric you define with the potential for customizations and overrides for each of your customers individually.
Billing Platform dramatically reduces product development cycles; allows your company to quickly sell, promote, and bundle your services; and removes obstacles to increasing revenue.