Cloud billing is a combination of cloud computing and electronic billing. It handles essential functions, such as ensuring invoices are sent on time, applying discounts, and efficiently managing subscriptions.
There are many benefits to cloud billing. The first steps to saving costs, accelerating growth, and increasing brand loyalty (thanks to more efficient service) are finding:
1.) the right cloud billing solutions provider and
2.) the platform that fits you best.
Some of the ways a good cloud provider and billing platform can help you profit are:
- Lower IT, licensing, servicing, and operating costs
A cloud billing system can sit on an owned server(s) with easy-to-install software or on the provider’s server(s). Few IT employees or professionals are needed.
- Fast product-to-market
A cloud billing solution saves a lot of time, particularly for businesses who regularly roll out new products or services.
Expanding or adding add-ons to your cloud billing solution can be done without any additional equipment or software. Some of the best billing providers give you all-access out of the box, with an API for integration.
- Security and data protection
Your provider will proactively identify and stop security threats, suspicious user behavior, malware, and other risks. You won’t need to lift a finger.
- Increased and on-demand scalability
In a world where what is standard today can be irrelevant tomorrow, the ability to respond to ad-hoc demand or adapt to your competition is crucial. Having the flexibility to scale up or down overnight could make all the difference.
- Remote accessibility anywhere
In times like these, physical presence should not be a requirement. A solid platform can allow you and your team to work from anywhere without having to worry about accessibility or maintenance.
- Improved business insight & reporting
Get access to additional and more refined datasets. With detailed intelligence, you can transform data into important, actionable insights for your business decisions.
- Better customer relationships
Personalization is not an expectation; it’s a necessity. With the right packages and tools, you can give customers what they want, when they need it.
Finding your Cloud Billing Platform
Cloud billing offers endless options and possibilities for every kind of business. For any size organization, a cloud-based billing platform will help you save costs, accelerate growth, and more. So, how do you decide which platform is right for you?
First, you need to identify your objectives. Does your cloud billing system only need to deal with simple manual invoices, or are you looking for recurring billing support, subscription management, and an automated billing process? There is a solution for both paths, and it’s important to know which path you are optimizing for.
A payment system can manage a one-product-one-price subscription model and won’t necessarily require a full-blown billing system.
But when offering a larger set of products or services, like taxing across countries or states with multiple charges, personalized discounts, and usage fees, then a recurring billing system is highly recommended.
Let us help you with a cloud billing solution that fits your needs
We offer seamless, integrated subscription management tools for the cloud and know exactly what your business needs. We can help you find the right solution for your organization and help you start benefiting right away. Reach out via email@example.com to find out more about how Ubersmith can help you make a success of your cloud billing project.