Embracing Industry 4.0 in Billing
The Accelerated Pace Of IoT Adaption As a central part of Industry 4.0, digitalization has been supercharged with the usage of IoT. Studies show that...
As we near the end of 2021, we have to say most companies are back in full swing and the economy is on the rise again. We have seen some profound changes in the way we do business, and billing has certainly taken a central stage in business transformation.
Many changes are here to stay, and we meet a lot of companies who are struggling to keep up with the new world in their core systems. Here are the 9 top themes we heard our customers talk about.
Agility is key, and new business models are all about lean pricing models. As a result, we see clients demand the flexibility of pay-per-use models. Find out how this impacts your pricing and billing. Read more.
How you bill, what you bill, and how the bill is received, is all part of your RevOps strategy, and -in the eyes of the customer- part of their customer experience. We wrote about it in this blog.
How will customers react to new pricing models or adopt new business propositions? It turns out your billing data has predictive powers that are often overlooked. How this is done can be read in this article.
The change from product to service will be accelerated, and IoT is now adopted for new models like pay-per-use. As such, your billing system will have to be able to adapt more service billing functionality. We wrote a blog about this earlier this year.
Being able to present a clear, undisputed bill dramatically reduces the payment time and increases the cash flow. Can you give the client a direct insight into the billing items charged on the invoice, and thus avoid irritation and delays?
As companies quickly implement new business propositions, it has become clear that often the billing system is the obstacle to change. An agile billing system can help if you struggle with one of these 5 problems:
With the increased complexity and volume, the old workaround with Excel sheets or manual lookups and inputs will no longer be sustainable. Patching up old billing systems with a band-aid is no longer a viable way forward. Especially now that Agile billing systems can easily replace this and create a first-time-right experience. We wrote about this in this article.
The role of billing in a modern ICT environment. One thing is clear: billing solutions nowadays need to be agile to adapt quickly to business changes, and therefore deserve their place in the ICT infrastructure.
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In 2022, billing experts will be looking for seamless billing as always. While your business evolves at an ever-accelerating pace, and you introduce new products and services, your billing system should keep producing reliable output time and time again. We salute agile billing systems as the true acrobats staying stable whatever the circumstances. Read more:
If you feel your innovation strategy has outgrown your current billing solution, or if you are just curious to learn how Good Sign does things differently, feel free to take us to the test! We will gladly take on your challenge and prove to you it can be done, and that the new world is closer than you might think!
If you want to catch up with what is going on in the field of billing, Taija Engman from Good Sign recently teamed up with Igor Stenmark, the billing expert from MGI Research for a chat on the key trends in billing in 3 short videos.
Taija Engman Igor Stenmark
The Accelerated Pace Of IoT Adaption As a central part of Industry 4.0, digitalization has been supercharged with the usage of IoT. Studies show that...
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New Models, New Pricing, New Billing? Todays’ innovation pace is faster than ever before in history. That is reflected in the record time...