Posted at 10:01h
Making the Most of Automatic Billing with NetSuite
Let face it, we all go into Business to make money, yet one of the biggest time processes for most businesses still seem to be around Billing and collecting payments from clients. With the rapid growth of cloud computing, mobile devices and the internet, Businesses are scrambling to shift from a transaction-centric relationship with their customer to one of a relationship that needs to be built and nurtured. Additionally, companies are facing pressures to launch, build and grow recurring revenue streams as a means to stay relevant in the marketplace. Finance teams can quickly become overwhelmed with multiple revenue streams, one-off and recurring revenue, customised payment terms and project-based billing. The result is often billing errors, wasted effort, revenue recognition issues and even loss of customers.