NetSuite Extensions
Billfinity
Automate Your Billing Process
Billfinity for NetSuite is an automated, flexible, and easy-to-use recurring billing management tool that includes automated uplift, billing start/end dates, and usage billing. It can manage small or large transaction volumes, so it’s scalable with your business. There is no separate integration needed, and we leverage standard NetSuite functions and data as much as possible. Simply work with our team to quickly deploy the app in your NetSuite environment and simplify your billing process.
Subscription Management
Billfinity automatically creates NetSuite recurring billing subscriptions from sales activity (as well as via import or integration) and allows for easy ongoing updates/adjustments for go forward billing without requiring any other contract modifications. *Note: This is not part of the NetSuite SuiteBilling module.
Billfinity Key Features
Revenue Recognition
Billfinity supports revenue recognition by either using NetSuite’s Advanced Revenue Management (ARM) module or by simply using NetSuite amortization schedules for basic revenue recognition in non-ARM environments. It can also run without using any revenue recognition for environments that always recognize upon invoicing.
Subscription Metrics
Billfinity provides full MRR/ARR reporting, along with churn/new/active trending to allow for in depth forecasting.
Automated Payment Processing
Is your company is using MerchantE for credit card processing? If a customer has a default credit card stored in NetSuite, Billfinity automatically creates payment records and applies them to the invoices created as part of the recurring billing process.
Usage Billing
Billfinity Premium provides the ability to create summarized subscription invoices based on detailed usage billing, with support for min/max quantities/charges and multiple roll-up options.
Flexible Billing
Billfinity allows you to define the default type of ongoing sales transaction (create a sales order or direct-to-invoice), and generate these transactions at any specified number of days in advance of next billing date, while still honoring the next billing date. This can be defined globally, at the billing frequency level, or on an individual subscription.
Smart Logic Billing Frequencies
Billfinity allows for easy definition of any billing frequency, including monthly, quarterly, annually, etc. It uses smart logic to ensure correct crossing over of month-end dates and leap years.
Uplift Management
Billfinity supports basic automated uplift management, including specifying period uplift percentages or fixed amounts. This can be specified at either the subscription (header) level or at the subscription line level.
No Hidden Transaction Fees
Your annual Billfinity subscription is your only ongoing cost. There are no hidden "per transaction" or other related fees after implementation.
Other NetSuite Extensions
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