8th July 2020 •

NetSuite SuiteBilling

With the move to a subscription economy, businesses need a way to generate invoices that accurately reflect pricing and consumption overa defined period. NetSuite SuiteBilling helps companies streamline billing operations, providing real-time visibility into billing and financial activity. From consolidated invoicing, automated rating processes and support of multiple pricing models, SuiteBilling provides transparency around all billing activities.

Pricing Models
SuiteBilling supports multiple pricing models, making it possible to bill customers in a variety of ways, ranging from a simple flat rate each billing cycle to complex volume or tiered scenarios.
• Flat Model – Charge customers the same value each billing cycle.
• Volume Model – Based on consumption or entitlement where the highest volume tier unit rate reached is applied to the entire quantity to charge.
• Tiered Model – Where the rate for each unit of consumption or entitlement tier is applied to a given range. The total end rated value is comprised of varying per unit rates to achieve the final amount to charge

Rating Models
Flexible options gives businesses the choice of billing subscriptions as either one-time charges or recurring fees, either in-advance or in-arrears.
With multiple rating models, companies can create subscriptions that capture setup fees, license counts and variable consumption all in one step. The combination of easy subscription set up and maintenance, and flexible rating models significantly increases billing process efficiency.
Subscription and Renewal Management
SuiteBilling supports subscription models from evergreen to traditional time-based (e.g. 1-year, 3-year). Changes to subscriptions such as upsell, downsell, suspend and terminate are easily managed. Revenue Leakage is reduced with automated renewals.

 

 

Download the rest of this whitepaper for free below

 

If you are interested in using SuiteBilling with NetSuite, or for any NetSuite related questions please get in touch with us:

📧 [email protected]

☎️ +44 (0) 203 733 2110

website: elevate2.com


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