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How to Choose a Cloud Billing Platform

  • How to Choose a Cloud Billing Platform-
    While the adoption of cloud computing has significantly increased over the past few years, companies may still have security concerns. When evaluating cloud billing solutions, there are two key areas that should be protected. First, vendors should be compliant with the Payment Card Industry (PCI) and Statement on Standards for Attestation Engagements (SSAE) 16 SOC I Type II, which are industry-standard classifications for protecting customers’ credit card information, and financial, compliance and operations reporting. Second, check to see how your vendor’s system is designed. For example, if they use a multi-tenant architecture, which is common in cloud computing, be sure you understand how your customer account data will be protected from hackers and other customers through separate data security checks and permissions.

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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-8
    While the adoption of cloud computing has significantly increased over the past few years, companies may still have security concerns. When evaluating cloud billing solutions, there are two key areas that should be protected. First, vendors should be compliant with the Payment Card Industry (PCI) and Statement on Standards for Attestation Engagements (SSAE) 16 SOC I Type II, which are industry-standard classifications for protecting customers’ credit card information, and financial, compliance and operations reporting. Second, check to see how your vendor’s system is designed. For example, if they use a multi-tenant architecture, which is common in cloud computing, be sure you understand how your customer account data will be protected from hackers and other customers through separate data security checks and permissions.

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.