Software Development
Industry Overview
Billing Management
Software publishers need to focus on devising innovative ways to manage billing cycles. Pricing and bundling is a key component of staying competitive, however, Software publishers often lack flexible systems that enable them to effectively manage their operations along side the many facets of recurring billing and revenue management.
Business Management
Better management and tracking of maintenance, renewal fees, and dynamic billing cycles can provide drastic improvements for cashflow and customer renewals. MaxQ specializes in providing small and mid-sized software publishers with integrated business management solutions designed to automate complex contract maintenance and billing processes.
Flexible Tools for Industry Challenges
MaxQ solutions can provide the tools and flexibility to help you meet the industry’s challenges and capitalize on your opportunities. Our business solutions for software publishers provide comprehensive accounting, order management, and accounting compliance to support the unique needs of these companies.
CRM Integration
CRM integration allows team members to collaborate on deals, assigned tasks, and recorded activities.
Key Challenges
MaxQ helps to solve many key challenges for this industry such as:
- Managing Billing Processes
- Enhancing compliance initiatives
- Complex revenue accounting
- Payment Processing
- Project Management
- Effective management of revenue accounting associated with deferrals, scheduling, allocation and recognition
- Manual processing of repetitive renewals, repetitive billing and associated revenue recognition
- Support of VSOE SOP 97-2, 98-9, and 81-1
- Managing and processing multiple revenue streams with varying billing components.
- Analytics and Reporting
- Managing and tracking customer assets with associated contracts and billing cycles
- Difficult to calculate but important KPIs and metrics such as churn, renewal rates, annual or monthly recurring revenue
MaxQ Solution
Our solution for software development is our Advanced Revenue Management Suite which consists of these modules.
Advanced Billing
ARM’s Advanced Billing is the most flexible and powerful billing system available, including automated invoice creation, proration, metered billing, and more.
Advanced Payments
ARM’s Advanced Payments provides comprehensive payment automation, including support for multiple payment options, currencies, processors, and more.
Advanced Analytics
Analyze every aspect of your billing and payment operations such as renewal rates, churn, ARR, MRR, average contract value, product analysis, lost customers, and much more.
Product Scope
MaxQ's Advanced Revenue Management Suite assists software development in operations that include:
- GL/AP/PR
- Automated Recurring Billing
- Automated Revenue Recognition
- Financial Analysis
- Payroll
- BOM
- Contract Management
- Multi-Currency
- Multi-Company
- Order Management
- Project Management, Controls, Accounting
- Time and Expense Reporting
- Employee Utilization
