Advanced Billing
A complete, automated revenue management system designed to handle all billing needs
What is Advanced Billing?
MaxQ’s Advanced Billing is a complete, automated revenue management system designed to handle even the most complex billing and subscription needs. Make billing simple with a system that supports you through the entire subscription lifecycle. Improve your cash flow, billing accuracy, and customer satisfaction while spending less time on billing and more on growing your company.
Features for Maximum Performance
Powerful billing capabilities gives you options to:
- Create your choice of contract type such as one-time, recurring, term and perpetual contracts
- Include any combination of usage-based tangible or intangible items, as well as trials, deposits, pre-bills, post bills, and bundles
- Generate billing by customer, contract date ranges, projects, or contract classes
- Create invoice schedules to process invoices daily, monthly, bi-monthly or with user-defined calendar
- Apply system or customized pricing rules and models
Advanced Billing pricing options allows:
- Complex multi-tier pricing
- Customer price classes
- Promotions with effective date pricing.
- Bundle pricing, including unlimited combinations of one-time, recurring and usage-based pricing
- Set multi-dimensional pricing and billing rules
With flexible contract management you can:
- Create contracts with flexible options for defining frequency and duration
- Automatically generate accounts receivable (AR) invoices or order management documents when contract is created
- Use templates to quickly create recurring billing contracts
- Mix non-stock and stock items on a single contract schedule
- Allow different billing periods on the same contract—have some bill annually, some quarterly, and some monthly
- Manage contract add-ons with proration, one-time charges, changes, and price adjustments with a complete audit trail
Designed for both one-time and recurring billing, renewals are made easy, allowing you to:
- Reduce time spent on renewals while increasing renewal rates.
- Set contract to renew automatically or manually
- Renew with a different price or duration than the previous contract
- Define the renewal price based on percent change from previous year
Set on the line item whether a component is to be renewed and at what price - Easily exclude one-time fees
Trace renewals to the original contract, calculate renewal percentages (churn), and include non-renewal reason codes and statistics - Upsell, cross-sell, add on, rewrite, and renew anytime
Key Benefits
Advanced Billing allows you to:
- Gain Control over Complex Billing
- Increase Customer Satisfaction
- Reduce Administrative Efforts
- Improve Scalability
- Improve Revenue Flow
- Experience Seamless Integration
Quick Contracts
On-board a new customer from one easy-to-use form:
- Create a new customer
- Create address
- Create customer payment types
- Explode bundles
- Create contracts
- Create invoices
Advanced Revenue Management
Advanced Billing is a module that is part of MaxQ’s Advanced Revenue Management (ARM), a subscription management suite.
