Optimise subscription-based products and services
Simplify and streamline processes for subscription-based products and services with the NetSuite Recurring Billing module
Manage revenue sources
NetSuite Recurring Billing enables companies that are offering services on a subscription or pay as you go basis a simple platform from which they can manage all of these revenue sources. It is often the case that these payment models create complex billing scenarios that are difficult to handle, but with this module firms can make these processes much more efficient.
Track key performance indicators
The module allows businesses to create customised templates that can automate the creation of invoices based on service contracts and licensing agreements. In-built analytics tools also mean you can track key performance indicators for bookings, billing, customer satisfaction and more to ensure you can continue to optimise recurring revenue activities.
Key Area Functionality
Companies using NetSuite Recurring Billing can easily set up billing schedules to accommodate all types of sales. It has support for all billing frequencies, in advance or in arrears, as well as options for anniversary and day-of-month billing.
Being able to secure customer renewals is crucial for a successful recurring-revenue business. NetSuite offers real-time insights into key customer metrics, allowing you to determine where you can improve your service – leading to higher customer satisfaction and a higher renewal rate.
Because NetSuite’s cloud-based technology supports the entire business – from ERP tools to CRM solutions and eCommerce capabilities – users are able to greatly streamline recurring revenue operations. Key processes such as invoice-to-payment, recurring billing, lead-to-cash and procure-to-pay ensure that business efficiency is dramatically improved and profitability is boosted.
Automate complex recurring and usage-based billing processes
Effective subscription management boosts customer experience
Integrate recurring revenue with CRM, ERP and eCommerce solutions
Adapt to changing needs with flexible billing
Comprehensive analytics for data from multiple touchpoints
Integrate revenue recognition with recurring billing