The days of running bills through the fixed invoicing cycle are long gone. Businesses are increasingly turning to highly configurable, automated billing solutions to help shorten the gap between service delivery and revenue recognition. Many billing solutions are industry specific, expensive to upgrade, expensive to maintain, and still require companies to manually process their invoices at a specific, recurring interval of time.
The Comprehensive Billing Solution
Billing solutions in today’s complex economy must have the ability to mediate, rate, charge, invoice, and process transactions on-demand, in real-time, according to the events and frequencies that logically define your business or your customers’ needs. Systems also need to support any type of charging model imaginable so that companies can evolve with growing trends in technology. Applications must allow you to easily design and implement new products and services with completely new data elements and charging methods directly in the user interface. And, you need the ability to bill for these products and services immediately, or whenever it is most lucrative to do so.
Modern billing makes the standard bill run a thing of the past, bringing powerful options for complete automation to your fingertips. It should be easy to design your business exactly the way you want to in order to thrive in an ever-changing, competitive landscape.