Enterprise Billing Management Best Practices 2016 - PowerPoint PPT Presentation

View by Category
About This Presentation
Title:

Enterprise Billing Management Best Practices 2016

Description:

Building a relationship with customers is the key focus of most large enterprises. The overall inclination to pay up on time is related to the value being delivered to the customer. The idea here is to look at the entire B2B communication cycle holistically and optimize the revenue and payments for the business. – PowerPoint PPT presentation

Number of Views:23

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Enterprise Billing Management Best Practices 2016


1
Enterprise Billing Management - Best Practices
2016
2
Contents
  1. Introduction
  2. Integrating CRM and Invoicing
  3. Managing ERP with Invoicing
  4. Automating the Invoicing Process

3
Introduction
  • Building a relationship with customers is the key
    focus of most large enterprises. The overall
    inclination to pay up on time is related to the
    value being delivered to the customer.
  • The idea here is to look at the entire B2B
    communication cycle holistically and optimize the
    revenue and payments for the business.

4
Integrating CRM and Invoicing
  • The process of building a relationship with
    customers involves changes in the pricing or the
    subscription plan, new offers, upselling and
    cross selling of services and other such
    activities.
  • The process of providing the requisite services
    and receiving the payment for the same, has to be
    integrated.
  • Automation of systems on the other hand, helps in
    scaling the business operations to the desired
    level.
  • A self serving portal is very helpful in the of
    automating the sales and billing process of of a
    business.
  • This helps clients to login to their account and
    access the required information about the status
    of their orders and invoices.
  • Integrating the sales, billing and customer
    support helps in improving process efficiency and
    helps in building deeper relationships with
    clients.

5
Managing ERP With Invoicing
  • Enterprises are looking up to newer cloud based
    apps for improving the overall productivity of
    the organization. The newest requirements of
    large businesses find the earlier solutions to be
    redundant and are looking for integrated
    solutions. Traditional ERP systems are struggling
    with the numbers of services being provided, the
    time to market and the visibility of
    transactions.
  • Here are some common issues with traditional ERP
    systems
  • The systems are extremely inflexible according to
    the needs and requirements of the business
  • A change in systems involves a large amount of
    investment in processes
  • There is a need for a single process for B2B
    communication cycle
  • There is a huge maintenance cost of enterprise
    resource planning applications
  • The upgradations of existing systems is a huge
    concern
  • Processes are built according to software while
    it should be the other way round
  • The systems are not global and do not cater to
    regional requirements

6
Automating The Invoicing Process
  • Manual invoice processes are fast giving way to
    automated ones.
  • Automated solutions reduce the resources required
    in manual invoicing processes.
  • Manual invoice verification and approval
    processes are full of complexities and the
    chances of invoice disputes and exceptions are
    very high in such processes.
  • In manual processes, the time consumed in manual
    sending of invoices is much higher and leads to a
    slower quote-to -cash cycle. This delays the
    process of payments, hampering the cash flows in
    the long run.
  • Financial management is a very important aspect
    of enterprise billing management. Generating
    automated reports of outstanding invoice,
    estimates, purchase orders and invoice ageing
    help in managing the finances effectively and
    efficiently. Running multiple reports help in
    complex revenue and sales forecasting with the
    help of simplified processes.

7
Choose The Right Tool
  • Choosing an enterprise billing management
    solution like Invoicera helps in simplified
    management of customized business invoicing
    requirements. Here are some of the key features
    of Invoicera, meant for large enterprises.
  • Integration with ERP, CRM and E-commerce
    platforms
  • Custom workflow management
  • Bespoke Invoicing solutions
  • Advanced reporting systems
  • Multilingual invoicing solutions
  • Multiple payment gateways
  • Complete B2B communication cycle
  • Self serving client portals

8
Get In Touch
Web www.invoicera.com Social www.facebook.com/I
nvoicera www.twitter.com/invoicera https//www.lin
kedin.com/company/invoicera-invoicing-simplified P
h (IN) 91-9350204838 (600 am - 1200 midnight
IST) E-Mail marketing_at_invoicera.com
9
Thanks You )
About PowerShow.com