FinancialForce Releases Billing Central
FinancialForce, a provider of cloud enterprise resource planning (ERP) systems on the Salesforce.com platform, today releaseed FinancialForce Billing Central, a cloud application that unifies billing, revenue management, and accounting operations on one single platform that is integrated with Salesforce CRM.
FinancialForce Billing Central is a direct response to changing business models and takes control of multiple sources of revenue. Billing Central further enables businesses to benefit from a single cloud platform strategy and manage customer billing on the same platform that sales, services, customer support, and customer success staff are using for complete customer lifecycle visibility, from opportunity through to renewal. In addition, it allows organizations to anticipate and proactively manage customer renewal issues.
With Billing Central, FinancialForce customers will now be able to do the following:
- Consolidate billing sources across multiple customer contract types;
- Support tier and volume-based pricing;
- Visualize the entire customer lifecycle, from opportunity to renewal;
- Leverage real-time cloud reporting for revenue and customer analytics;
- Gain full audit and control of revenue sources on one platform; and>
- Avoid duplication of data and objects in Salesforce CRM.
"The new services economy has been growing at an astounding rate, and Everything as a Service (XaaS) is disrupting countless industries, from technology and applications to goods and healthcare," said Jeremy Roche, CEO of FinancialForce, in a statement. "Yet, many cloud business systems don't reflect this emerging business model and require costly integrations with third-party subscription billing apps and accounting solutions. The end result is complex web of disconnected systems that replicate data and create additional headaches for the CFO. FinancialForce Billing Central enables subscription and usage-based billing from a single cloud platform and puts the customer at the very core of revenue management."