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BillFinity

Status: Unverified

BillFinity is a powerful, yet simple, recurring billing management tool, allowing for quick and easy setup and ongoing management of your subscription billing business.

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Description

Software Solutions for the Subscription Billing Revolution

Billfinity’s automated subscription management and billing engine addresses the growing shift to the subscription economy. Companies today are seeing a strong demand for more products and services to be utilized and billed on a subscription basis. This shift requires businesses to adopt the tools necessary to manage large transaction volumes with recurring and pay-as-you-go pricing structures. BillFinity is an automated subscription-billing engine built within NetSuite.

Key Benefits

The focus of Billfinity is to bring powerful recurring billing management capabilities to the SMB market without the burden of a complex contract management system.

Customer Quote

BillFinity is very easy to learn and navigate through which made it easy for me to train my team. Further, it saves us hours of frustration compared to our previous module. I would highly recommend this tool and the Kraft team for NetSuite assistance!

– Logan Barnes, Accounting Specialist, Healthcare Bluebook

Who is this for?

Billfinity is specifically designed for entities that are currently using or are looking to purchase the NetSuite ERP platform. Billfinity is specifically applicable to any organization that has any type of recurring billing. Common applications are for recurring services, royalties, and various types of subscriptions.

FEATURES

Billing Automation

  • Automatically create ongoing subscriptions from sales activity and allow for easy ongoing updates/adjustments to subscriptions without requiring any other contract modifications.
  • Allow for easy definition of any number of Billing terms (monthly, quarterly, annually, etc.) with smart logic to ensure crossing over of month-end dates, leap year, etc.
  • Allow definition of the default type of renewal transaction to create at billing (sales order or direct to invoice) along with the ability to generate these transactions at any specified number of days in advance of renewal.
  • If credit card information is stored on the customer (fully PCI compliant), automatically create payment records and apply to the invoices created as part of the renewal process.

Take full advantage of NetSuite Advanced Revenue Recognition Management

  • Take full advantage of NetSuite Advanced Revenue Recognition Management, with all revenue recognition schedules automatically created based on term, but allow for easy modification.
  • The ability to do extensive MRR/ARR reporting and forecasting.

Affordable

  • Pay a low monthly fee and avoid per transaction charges.
  • Minimal implementation time.

Supports Usage Billing

With an additional add-on, BillFinity supports usage billing for many commonly used scenarios.