According to a recent Incyte Group report, nearly half of all businesses in the United States currently have or are in the process of developing and/or investigating recurring revenue offerings. Unlike traditional business models, which are built around one-time transactions or upfront fees, recurring revenue offerings focus on smaller, ongoing, subscription-based transactions. As more companies develop these types of offerings, they are increasingly shifting from on-premise software to the cloud for a billing platform to monetize and manage their subscription-based products and services. Derek Choy, vice president of engineering for Aria Systems, offers the following tips for choosing a cloud billing system.
There's no magic bullet, but the essentials are to make sure to have the right tools at your disposal while on the move to communicate with your teams in ways that fit your needs, as well as being flexible, clear and direct in your communication. ... More >>
While businesses have been slower to move enterprise apps to the cloud (only a third are currently using cloud-based enterprise apps), it's not due to a lack of wanting. ... More >>
By automating the billing and settlement process and digitizing the "pay" in procure-to-pay, companies can effectively change the game, and IT can lead the charge. ... More >>