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What is Automated Billing? 04 October 2021

  Automated billing is the process through which you can automate all the billing related activities such as generating invoices, handling customer billing cycles, managing various pricing plans, and others. While manual billing is obsolete for a while now, the demand for automated billing is growing fast due to the additional benefits it can give. …

How to Make Data Driven Pricing Decisions for Your Business? 30 September 2021

  Data driven pricing decisions are imperative for any business in order to increase sales. Nowadays, most businesses adopt a data driven marketing approach where they experiment with various pricing options to come up with the most suitable one. Basically, in data driven pricing decisions, you need to assess how low you need to price …

How to Overcome Challenges in Revenue Recognition? 21 September 2021

  Scaling up businesses, adopting new business models, acquisitions and mergers, complex subscription based pricing models- these all add up to create challenges in revenue recognition.  And on the top of that ASC 606, the new revenue recognition standard has made it even tougher. Before we delve deeper into the challenges of revenue recognition and …

How to Overcome Common Recurring Billing Challenges? 10 September 2021

  In today’s digital era, recurring billing is highly preferred by many of the businesses as well as customers. In a recurring billing process, a customer gets automatically billed or charged at a specific chosen intervals/frequency of time such as monthly, quarterly, annually etc. From popular video streaming platforms like Netflix to game streaming on …

Tips to Reduce Checkout Abandonment 10 September 2021

  Have you ever added products in a cart but instead of checking out later, forgot about it completely?  Yes, that’s how cart or checkout abandonment takes place.  Be it e-commerce stores, or any other online business, cart abandonment is quite common and at the same time disappointing for the business owners as at the …

Revenue Leakage: Common Causes and Preventive Measures 26 August 2021

  Imagine keeping money in your pocket that has a hole at the bottom, unnoticed. Revenue leakage is that hole for your business which remains invisible until it becomes bigger causing severe loss for your company. And what’s more serious is that most of the time the business owners remain clueless about the sources of …

Role of Automated Billing in the EdTech Industry 12 August 2021

  The EdTech industry has soared to greater heights in the past few years, with several startup unicorns paving the way and with the forced lockdowns and restrictions amidst the outbreak of the pandemic, the industry has set new paradigms through the increased adoption of digitization in the field. As stated by the recent Statista …

What is Open Source Billing? 10 August 2021

  Open source billing as the name suggests, is an open source, free-to-use billing and invoicing software that helps businesses to process payments, generate and send invoices online with other added benefits.  Open source billing is generally a go-to solution for the small businesses, freelancers or entrepreneurs due to several factors such as- Sometimes being …

Role of Automated Billing in Gaming Apps 20 July 2021

  The very first mobile phone game was introduced back in 1994 which came on a mobile phone named Hagenuk MT-2000. Three years later, Nokia launched its first snake game which used to be pre-installed in the Nokia mobile devices. It became the most-played game being played in more than 350 million devices worldwide! While …

What is Adaptive Recurring Billing? 02 July 2021

  The adaptive recurring billing has become quite common among the online businesses owing to its advantages over the conventional recurring billing. The implementations of recurring billing systems are often naive, requiring manual interventions for many use cases and customizations like incorporating new subscription plans, configuring tax, issuing pro rata credits, adding new currencies, and …

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