Electronic billing & invoicing is process of generating bills and invoices electronically, sending them to customers via electronic medium and accepting payments against the bill or invoice. Businesses can implement electronic billing and invoicing process by integrating EBPP solution into their existing system. Electronic billing is useful for both, traditional invoicing and subscription based billing. E-invoicing helps business to save on operational cost and gain increased cash flow.
Subscription-based billing is a volume-driven model, the growth in revenue can be achieved provided the business is able to scale up. Partnering with the right provider to automate the revenue collection process will enable steady...
Remember paper checks? Although you might have subscribers that insist on using them, they're practically archaic in this day and age. The whole process of making time every month to sit down, gather the bills and...
Raising prices is easy with new customers, but a lot trickier with old customers. Let's face it, customers who have been with you for a while don't like change, and they certainly don't like a...
Your subscription-based business is reliant on retaining your existing clients and adding new clients to keep your revenue stream growing. But one of the biggest determinants of your success is the rate at which you are...
When your sales increase, does your sales and marketing expense grow by a percentage greater than the percentage increase in sales revenue? If so, your sales model is not scalable. There are two qualities that...
Cash flow is the most important part of any business. Without a steady flow of incoming revenue, any business will simply suffocate and cease to exist. One of the biggest influences on a companys cash flow...
As the speed and reliability of the Internet has grown and evolved, one of the biggest shifts we've seen in the online business world is the shift to software as a service (SaaS). More and more...
A KPI is a Key Performance Indicator. Note the word, key in this phrase, however. Companies regularly give their managers ten, twenty and sometimes even thirty or more KPIs by which they will be judged....
The 80-20 rule can be applied to many aspects of life and business including the fact that up to 80 percent of a companys future profits are derived from only 20 percent of its customers....
Every three years, the Federal Reserve provides a snapshot of U.S. payments in their Annual Payment Study. The latest report revealed a number of important points for our industry and our business. For B2B billers: Here there...
