For more predictable revenue streams and higher customer retention rates, more and more businesses are hopping on the subscription model. But without a fully-automated and integrated subscription billing system to support your back office processes, the workload for your accounting team will grow exponentially along with your subscriber base.
Subscription billing is increasing in popularity, showing growth in B2B, B2C, and B2Any businesses, as well as in a wide variety of industries. And while the advantages are plenty for both businesses and their customers, it also presents a new set of obstacles for your accounts receivables team. “Expensive processes, delays, errors, customer disputes, and lack of cash flow visibility” are some of the biggest pain points reported by receivables managers, according to a report from IOFM. Depending on the billing frequency you chose for your subscription offerings, these issues can quickly add up and overwhelm your internal teams.
Wouldn’t it be nice if you could automate subscription billing and payments, start to finish, without ever leaving NetSuite? Now you can, with 360 Subscription Billing.
Subscription billing made easier (and fairer)
360 Subscription Billing is a Built for NetSuite Native SuiteApp that automates subscription billing processes—simple to complex. With 360 Subscription Billing, growth isn’t a double-edged sword. You get end-to-end subscription automation for a fixed fee based on your annual invoice volume, not a cut of your revenue. No surprises.
Flexible Billing Terms
Your customer’s wish is your command with flexible contract start dates, billing dates, and end dates. For easier back-end management, 360 Subscription Billing also allows you to co-term subscription bill and end dates.
Start in NetSuite, Stay in NetSuite
360 Subscription Billing automates time-consuming processes like order processing, fulfillment, invoicing, and accounting so you can start and end in one system.
Automated Revenue Recognition
360 Subscription Billing integrates seamlessly with NetSuite’s Revenue Recognition and Advanced Revenue Management modules, meaning no more wasting time synchronizing accounting processes.
High Volume Processing
Don’t let same-day invoicing and payment processing slow you down. 360 Subscription Billing can process over 300,000 records in a single execution.
Subscribe to a new way of doing business
360 Cloud Solutions has been a 5-Star NetSuite Solution Provider since 2002. With a deep understanding of how customers leverage NetSuite to grow their businesses, we created 360 Subscription Billing—one of the few “Built for NetSuite” Native SuiteApps for managing recurring revenue and subscription billing.
Let’s Get Growing
Sound familiar? 360 Cloud Solutions can help.
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