Taija Engman Video Blogs About Pain Points in Service Billing
Taija Engman, CEO, and co-founder of Good Sign talks about service billing in a video blog series of 6 episodes, filmed at her family cottage at...
2 min read
Anitta Maltela : Dec 7, 2020 8:45:00 AM
Taija has discussed the common pain points in recurring revenue monetization in a video blog series.
This time she talks about the challenges in providing a single source of truth for the services billed. Transparent truth for the customers. Transparent truth for the IFRS and GAAP compliance.
The video is for you, if you offer subscriptions, pay-per-use, or contract-based services. And also when your company is looking to join the significant as-a-service business transformation.
Watch the video:
Most certainly, your customers are happy if they received accurate and clear invoices with transparency from invoice lines to what has been billed.
And your own organization will benefit from having a full traceability from original service entitlement or event data to invoice lines and accounting transactions.
With an automated process, you can handle revenue recognition according to the tightening accounting standards ASC606 and IFRS15 without manual effort.
You can reach a single source of truth, when all your customer contract rules are digitalized and the provided services are collected online from source data with time stamps in place.
We can help you. Our Good Sign Software links service entitlement and event data collection to billable items and automates all pricing rules, all billing rules, and all revenue recognition rules in your recurring revenue business.
You will have a single source of truth.
And what is more: Good Sign receives data of billable services all throughout the billing period. So you can even track your upcoming recurring revenue during the month. Also before it is billed. Feel free to take us to the test!
At Good Sign, we have identified 5 most common pain points. Based on our experience, businesses usually find that at least 2 of these pains apply to their recurring revenue businesses. Often 3 or 4 of these pains exist.
So, if your invoices are not lovable in the eyes of your customer, or you need to use a lot of time in shaping invoices, sorting out billing complaints, or challenge us at Good Sign.
Test how our pricing and billing automation can solve your billing problems improving your accuracy as well as your customer satisfaction! Give us a call!
We help our customers solve existing pain points in pricing, billing and monetizing of service contracts and managing subscriptions and pay-per-use services. We help companies freely grow scalable services.
Feel free to contact us and let’s have a chat on how we can support your company.
Taija Engman, CEO, and co-founder of Good Sign talks about service billing in a video blog series of 6 episodes, filmed at her family cottage at...
Taija Engman, CEO of Good Sign accompanied by Bea, the dog, continues her lakeside video blogging about 5 most common pain points in service billing....
Taija Engman, CEO of Good Sign continues her video blogging about pain points in recurring revenue, with her dog Bea, from a lakeside in Finland. {%...