As a growing number of business transactions move to a subscription-based framework, many companies face challenges when managing customer billing. A more effective subscription- and usage-based billing solution can streamline your billing processes and increase efficiencies.
As subscription- and usage-based billing becomes more popular, several options for automation have emerged in the marketplace, and not every solution is a good fit for each company. While these tools can provide big benefits and transform your billing approach, you need to carefully consider which tool and implementation approach aligns best with your existing processes, enterprise resource planning (ERP) environment and goals.
RSM’s new usage and subscription billing guide provides many in-depth details to help guide your journey toward selecting and implementing a billing platform. The guide contains key insights into several key steps of the process, including:
- Billing project readiness
- Common pitfalls to avoid
- Options for automation
- Selection and implementation
- Choosing a solution provider
To provide clarity into available solutions and help you make the right choice for your needs, the guide provides a helpful billing solution provider matrix; the matrix is especially helpful for companies who are leveraging or considering Oracle NetSuite as their ERP. The matrix includes tools from leading providers including NetSuite, Stripe and Salesforce. We outline functionality across several critical categories, including details about integrations and potential customization, as well as support and cost structures.
Moving forward with a billing solution implementation is an exciting step toward transforming your billing approach, and the right insight and advice can help you make the best choice for your business.
