AcumatiCaresEasily handle recurring billing and maximize revenue opportunities through improved cash flow, billing accuracy, and superior customer service.
Product
Recurring Revenue Management
How Recurring Revenue Management Solution can work for you
Recurring revenue is revenue a company expects to receive on a consistent, predictable basis. Examples of recurring revenue include long-term contracts, service retainers, and auto-renewing subscriptions. To effectively manage recurring revenue, you need real-time visibility, easily configured contracts, and the ability to efficiently apply—and modify—your billing.
With Acumatica’s automated recurring billing, you can custom-fit your billing models to meet the requirements of your business. Enjoy the flexibility to adapt as your business grows and your billing needs change while improving your cash flow, billing accuracy, and customer service.
Key Benefits of Recurring Revenue Management for your Company
-
Automate the billing process
Automate recurring billing, payments, and collections to significantly improve business performance.
-
Offer billing flexibility
Apply billing and revenue recognition schedules by month, quarter, or yearly as well as customized time-periods, even mixed on the same contract.
-
Fuel business growth
Appeal to a broader customer base with pricing and subscription plans that align to a variety of business requirements.
Important Features of Recurring Revenue Management
Manage Complexity
Flexible pricing models accommodate software licenses, subscriptions, maintenance agreements, bundled items, SaaS, and complex discount arrangements.
Renewals
Drive contract renewal revenue by automatically scheduling and managing renewal activities. Proactively plan renewal activities with automated views of completed renewals, renewals due, and past due renewals.
Change Billing Contracts
Modify, rewrite, and cancel billing contracts and revenue recognition schedules already in progress.
Utilize Templates
Set up revenue billing rules for different products and services including automated billing, revenue recognition and allocation.
Accurate Billing
Rules and templates ensure accurate billing and improved revenue flow, customer service and satisfaction.
Automatic Revenue Recognition
Generate and consolidate revenue and revenue recognition schedules automatically. Book revenue in the correct accounting period and according to the proper rules set by your accounting procedures. The system also enables easy revenue recognition based on percentage complete by project or contract.
Built-in Visibility
View and explore recurring billing data with self-service access to more than 25 standard reports. Customized reports are easy to configure.
Smart Credit Card Processing
Automate payment processing with a system that understands the complexities of credit card rules and gateway services. Use tokenized payment processing to reduce risk exposure and simplify PCI compliance validation.
Integration with the Full Acumatica Suite
Eliminate the need to enter data in multiple places. Easily convert prospects to customers or subscribers.
See what Acumatica customers are saying
