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How to Choose a Cloud Billing Platform

  • How to Choose a Cloud Billing Platform-
    In addition to getting your service running quickly, look for a billing solution that can scale with your company as it grows or expands its recurring revenue offerings. Also, anticipate when your business may be the busiest. E-commerce and other companies with recurring revenue models are especially vulnerable during peak times such as Black Friday, when online transaction volumes significantly increase. As a result, the cloud billing infrastructure should be designed to support additional workloads when you need them, without processing delays.

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How to Choose a Cloud Billing Platform

  • 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8
  • How to Choose a Cloud Billing Platform-4
    In addition to getting your service running quickly, look for a billing solution that can scale with your company as it grows or expands its recurring revenue offerings. Also, anticipate when your business may be the busiest. E-commerce and other companies with recurring revenue models are especially vulnerable during peak times such as Black Friday, when online transaction volumes significantly increase. As a result, the cloud billing infrastructure should be designed to support additional workloads when you need them, without processing delays.

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.