6 Reasons to Choose A Unified Agile Billing Software

Over the years, technology has significantly transformed the healthcare industry: changes are happening not only in the way these services are consumed, but also how they are delivered and how payments for these services are made. For instance, the sudden rise in patients opting for telehealth services is expected to make the telehealth market worth $185.6 billion by 2026. At the same time, patients today are demanding extreme clarity and transparency in their healthcare bills; in fact, 67% of patients today are willing to explore the cost of care before going to the doctor.

The subscription industry is experiencing tremendous growth. While it is expected to grow from $4 billion in 2020 to $7.8 billion by 2025, companies are having a tough time efficiently managing customers, plans, and prices. The complexities around lead generation, activation, and management make billing a grave challenge, with companies struggling to personalize prices, manage quotes and contracts, orchestrate orders, and automate the service fulfillment process.
To overcome these challenges, what companies need is a modern billing and revenue management platform that makes the quote-to-cash process a breeze.

For B2B subscription companies, simplifying the lead to revenue process has become more important than ever. Given the various complexities of managing a subscription-based business, having a single, end-to-end platform that allows for easy management of subscribers and associated billing is the only way to power a modern and seamless lead-to-revenue generation experience for B2B customers.
Although a simple subscription billing platform offers a handful of basic capabilities, what companies today need is a far more advanced and innovative revenue management solution that simplifies the entire billing experience.

As a subscription business, choosing a modern subscription billing platform is crucial for the effective management of day-to-day operations.

If you want to enable customers to pay as they go, for the services they use, while simultaneously increasing your margins, here are 5 ways to maximize your margins in consumption-based economy.

In the world of communications, one of the bottlenecks to driving operational efficiency can be the billing process. Organizational resources become heavily reliant on manual tasks, just to accurately invoice a customer, as opposed to focusing on value added activities that drive greater ROI. Fortunately, for Sage Network & Communications (Sage), the OneBill platform helped cut their billing resource time from 40 to 2-3 hours per week.

Adopting a modern revenue management platform is no longer a question of if, but when.
Given how today’s platforms allow for better prediction of customer needs, better pricing strategies, better adaptation to market shifts, and more, they have become an indispensable part of modern businesses. Revenue management platforms can not only help deliver seamless and personalized experiences, but they can also streamline the billing process while helping curb revenue leakage.

Here are six major reasons why you need OneBill, the only fully configurable, unified agile billing and monetization platform with modular flexibility.