A lot of vendors that offer software as a service or Saas have a different kind of billing and revenue process of management that will allow them to go beyond the capabilities of their present financial infrastructure. As everyone knows, pricing can be highly variable and will also include some bundled services supports and upgrades. Every single account will require a monthly bill that can accurately present charges for the past transactions, the current services and some future subscriptions as well. One will definitely need a single platform that will be able to drive both billing and accounting needs straight from the customer contract and the usage data.
What is important is to integrate the metering feeds, because this is essential in order to operate and the desired scale. The revenue accounting policies must always be enforced throughout the entire process. If this does not happen, then the revenue items (most especially the overage fees) will be likely to fall through.
The single platform for saas billing will provide several key benefits for the users. For one, it can allow the unification of all financial data and system operations. It also has the capacity to tailor bill the presentation to their customers unique preferences. Single platform billing will allow them to easily manage many complex pricing schedules, as well as automating revenue and the expense accounting. This type of saas billing platform is easy to use when it comes to integrating the metering with other types of usage tracking systems, enhance the initiatives of compliance and heighten the companys insight when it comes to business performance.