Billing Platforms
Mistakes are costly — partner with experienced, agile billing platform providers with deep domain experience.
When it comes to monetizing the IoT, multiple billing options are available for companies including subscription, one-time, usage-based, tiered, threshold or rules-based billing scenarios. At the same time, many market segments are highly regulated and subject to both internal and external audits.
To maintain compliance and avoid receiving fines or legal actions by investors or customers, companies should turn to experienced, agile billing platform providers who understand what is needed to ensure that implementation schedules don’t delay revenue and that the process is done correctly. These providers should also offer flexibility in packaging, pricing and billing on a postpaid, prepaid or hybrid basis so companies can provide leading customer service in rapidly evolving markets.