Don’t Miss Any Market Opportunity
Modern product development cycle, products and solutions they’re based on rapidly evolve, as do the number of competitors for market space. This demonstrates that time to market and finding ways of optimizing it are critical components that immediately influence revenue. For instance, if your product launch is delayed by 6 weeks because your billing system slowly adapts to new offerings that’s 6 weeks for your competitors to grab market share, and less overall revenue for you to pursue when you are finally ready to sell your product.
The quicker your billing solution adapts 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 increasing sales in a timely manner. This highlights one of the important benefits of Billing Platform: the reduction of product release periods from weeks to minutes.
The system offers the ability to bundle your offerings any way you want, with flexible pricing that can be customized differently for each client or any set of customers. This makes it very easy to offer promotions based off of any schema you create with the potential for individual customizations for each of your customers.
Billing Platform successfully reduces product development cycles, allows your company to quickly sell, promote, and bundle your services, and eliminating any obstacle to increasing revenue.
Billing with Multiple Charging Models
The influence of globalization demands that companies bill “outside of the box” and assist constantly evolving charging models, products and services. This need can be seen in many market areas, one of which is the telecommunications space – where providers face dynamic changes in technology intensified also by the increasing need for innovative products and services at lower costs.
For some companies, the bill to bill for various charging models means a rapid increase in sales and marketing opportunities – on the other hand for other companies, this is the difference between life and death.
Billing systems that silo billing into a predefined schema impede the growth and evolution of the company. In order to succeed and stay ahead in today’s global economy, businesses has to be nimble enough to follow evolving customer expectations.
While it is not possible to predict with any accuracy the moment and nature of a paradigm shift, it is certain that they appear with ever-increasing frequency – more often today than in any other point in the past.
Our billing solution is the industry's most flexible, cloud billing application; able to rate any kind of metered, subscription and ad-hoc services while managing clients products and rate plans. BillingPlatform.com simplifies this process to quickly and precisely implement any pricing and rating model; and roll out innovative products and services so our customers can rapidly turn ideas into cash.
How does BillingPlatform.com work? Simply create your Innovative Service Offering without compromise via our highly configurable Product and Component Designer. The Platform is capable of supporting any type of product and service, with intuitive tools that let you design any product with any corresponding rating model.
Our system enables you to create usage based products and services in an unlimited number of currencies and time zones. Retrieve service usage from any sources, and allow the billing system to automatically rate and invoice it via its well-designed, configurable mediation engine. Simple modules for usage mapping and parsing logic help you convert any type of metered usage; decide which elements of the usage data to monetize; or simply collect for dashboard and display purposes.
BillingPlatform’s comprehensive subscription management further boosts your ability to monetize any idea. Manage any type of simple or compound subscription with automated behaviors to support: Pre-paid and post-paid rating, invoicing and charging; Renewals; Overages; Entitlements management; Credit card and ACH handling; Customized invoice system and custom subscription tiers; and a lot more.