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How to Choose a Cloud Billing Platform

  • How to Choose a Cloud Billing Platform-
    In a billing application, hundreds of activities need to happen at any given time such as creating accounts, updating credit card information, making changes to customer buying plans, processing payments, updating the customer service system and service activation. For these activities to happen seamlessly, the billing system needs to be powerful enough to orchestrate these activities, track their progress and act upon that information by automatically notifying external systems.

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How to Choose a Cloud Billing Platform

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  • How to Choose a Cloud Billing Platform-5
    In a billing application, hundreds of activities need to happen at any given time such as creating accounts, updating credit card information, making changes to customer buying plans, processing payments, updating the customer service system and service activation. For these activities to happen seamlessly, the billing system needs to be powerful enough to orchestrate these activities, track their progress and act upon that information by automatically notifying external systems.

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.