Automate Your Subscription Business Growth with 360 Subscription Billing
Depending on regularly recurring revenue—whether from subscriptions for physical inventory or software and services, rent payments, or recurring donations—can be a challenging model from which to grow your business volume. This is due to the increasing gap between the exponential growth of recurring transactions versus a linear growth of staff to process them all.
If you use NetSuite ERP/Financials with external CRM/CPQ, your sales-to-cash processes and your recurring revenue management processes may be disconnected. This slows growth and makes it hard to accurately handle recurring billing, amendments, renewals, and more. Trying to approach this manually ties up expensive resources, and is time-consuming and error prone, which can frustrate both your team and your customers.
360 Subscription Billing is a NetSuite Native SuiteApp that automates recurring invoices, recurring orders/shipments, electronic payments, credit memos, renewals, price changes and more directly within NetSuite for a smooth sales-to-cash process, easy scaling, and faster time to revenue.
Key Benefits
360 Subscription Billing helps you take your business to the next level as it:
- Reduces errors and delays
- Improves your revenue and cash flow
- Streamlines sales to cash operations
- Unifies subscription sales
- Enhances your customer experience
- Adapts to scale with your business
The 360 Subscription Billing Difference
360 Subscription Billing is designed to help you tame your sales to cash processes and get more from your NetSuite investment.
Accelerate Your Cash Flow
360 Subscription Billing is designed to help you go from deal to revenue fast, and to continue that revenue without interruption. Recurring invoices and renewals are automatically created in your NetSuite ERP system with no need to manually set up a schedule or coordinate thereafter, even for complicated arrangements.
Manual steps anywhere in your process slow time to revenue and increase the cost of doing business. With 360 Subscription Billing, invoices are automatically created, ideally also with payments processed and applied, in NetSuite to reduce the time to get cash flowing your way.
The SuiteApp also enables renewals to automatically generate in advance for negotiations to occur and be processed on time for uninterrupted income. Evergreen subscriptions can also be fully automated, including price escalations and more.
Simplify Subscription Management
Unlike other solutions that complicate your system by adding a billing or subscription layer on top of your CRM and ERP, 360 Subscription Billing lets you manage the subscription life cycle directly from NetSuite transactions—opportunities, estimates, sales orders, fulfillments, invoices, automated renewals, credits, payments, and revenue.
360 Subscription Billing lets you easily handle some of the most challenging exceptions, including:
- Temporary or evergreen price adjustments
- Pro-rated contract terms
- Customer-specific deal configurations
- Quantity-based discounts
- Planned subscription changes
- Usage-based charges
- Revenue synchronization
- Site, asset, and device tracking
Device-Centric SaaS Features
Natively mix inventory with non-inventory and services. Split subscription terms across varied start and end dates as installs occur. Track site, multiple device, and asset records related to contracts and subscriptions, connecting to support, returns, receipts, depreciation, and other departments. Handle complex multielement allocation with advanced revenue merging.
Native NetSuite Transaction Flexibility
A transaction-led approach lets you leverage all the features and flexibility of NetSuite transactions. This includes creating purchase orders from sales orders, using line-level addresses for orders and consolidated invoices, or using NetSuite Opportunities & Estimates for subscriptions in your pipeline—new, upsell, add-on, down-sell, and renew.
Contract Profitability
Mix both one-time and subscription sales and purchase transactions as contract lines on the same contract. For example, you can generate a purchase order from a subscription sales order, linking both to contract and contract line(s). This allows you to roll up profitability, gross margin percentage, and other crucial financial elements.
Contract, Subscription, Price Escalation, & Rating Flexibility
For subscriptions and usage rates, you can mix any start and end date and billing frequency on the same contract, both in advance and in arrears. Prices, including those that are variable CPI%-based, can automatically increase or decrease. 360 Subscription Billing can handle almost any mix of use cases for recurring billing and renewal transactions.
High Volume Native Invoice & Line Automation
Thanks to a rich history of evolving the 360 Subscription Billing on-platform invoicing engine, this solution can automate the highest-volume of recurring Invoices, payments, and other activities entirely within NetSuite. Our SuiteApp architecture does not require the creation, update and processing of charges. The 360 Subscription Billing invoice line splitting and automated invoice grouping can support up to 10,000 lines on any given contract.
Device-Centric SaaS Features
Natively mix inventory with non-inventory and services. Split subscription terms across varied start and end dates as installs occur. Track site, multiple device, and asset records related to contracts and subscriptions, connecting to support, returns, receipts, depreciation, and other departments. Handle complex multielement allocation with advanced revenue merging.
Native NetSuite Transaction Flexibility
A transaction-led approach lets you leverage all the features and flexibility of NetSuite transactions. This includes creating purchase orders from sales orders, using line-level addresses for orders and consolidated invoices, or using NetSuite Opportunities & Estimates for subscriptions in your pipeline—new, upsell, add-on, down-sell, and renew.
Contract Profitability
Mix both one-time and subscription sales and purchase transactions as contract lines on the same contract. For example, you can generate a purchase order from a subscription sales order, linking both to contract and contract line(s). This allows you to roll up profitability, gross margin percentage, and other crucial financial elements.
Contract, Subscription, Price Escalation, & Rating Flexibility
For subscriptions and usage rates, you can mix any start and end date and billing frequency on the same contract, both in advance and in arrears. Prices, including those that are variable CPI%-based, can automatically increase or decrease. 360 Subscription Billing can handle almost any mix of use cases for recurring billing and renewal transactions.
High Volume Native Invoice & Line Automation
Thanks to a rich history of evolving the 360 Subscription Billing on-platform invoicing engine, this solution can automate the highest-volume of recurring Invoices, payments, and other activities entirely within NetSuite. Our SuiteApp architecture does not require the creation, update and processing of charges. The 360 Subscription Billing invoice line splitting and automated invoice grouping can support up to 10,000 lines on any given contract.
Extensive NetSuite and Subscription Expertise
Choosing 360 Subscription Billing lets you tap into a team with years of experience helping hundreds of companies across a variety of industries—from IoT, SaaS, managed services, and product subscriptions to real estate and not-for-profit—improve recurring revenue operations and increase cash flow.
You’ll also be able to take advantage of ongoing real-world advice and guidance for improving operations to better support your growing subscription business.
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