The Future of Billing – Part 3: Enabling SaaS Billing

As the final chapter of our three part series on The Future of Billing we would like you to understand what is required to implement a SaaS billing model; In order to simplify this we have broken the process down into three (3) key elements:

  • Configuration:

Configuration essentially refers to setting up and customising the software according to your business preferences.

  • Importation:

Refers to data exportation and conversion from your current system to importing the data within the new system. It’s a seamless and easy process to make sure your data is compatible with the new system.

  • Education:

The system can be up and running in a few days, but to keep it running, you need people who understand how to operate a SaaS solution. We try to mitigate the risk as much as possible by providing enhanced support. However, rest assured that the technology was designed with ease of use and simplicity in mind.

SnapBill is completely customizable. Many of our customers require integration with their websites, applications and other systems to be able to process transactions. That is why the SnapBill system was developed in such a way that it is extremely simple to quickly integrate with any system you are currently running.

Some key advantages that our customers notice in their business includes:

Increased flexibility:

  • ‘Anytime, anywhere’ access. This helps our customers and their business save time and embrace diverse multi-location working.
  • Employees can access services easily using an existing internet connection and web browser.
  • Our clients find that SnapBill makes collaborative working easier. Working in a live data environment means they don’t have to wait for a co-worker to manually submit, exchange or process information.

Value for money:

  • SnapBill is a device independent technology – meaning as our client you don’t have to invest in expensive IT infrastructure to get started or expand.
  • Pay-as-you-go invoicing keeps costs down – you’re charged according to usage.
  • It is tax efficient technology – no capital expenditures means it can be considered a business expense.
  • SnapBill continues to provide new and existing small businesses with reduced market entry barriers by enabling them to compete with larger businesses at lower cost.

Reliability:

  • Services are fast to set up and seamlessly deployed.
  • SnapBill solution is more reliable than traditional internal systems as you are receiving the necessary expertise and support to professionally back up and put contingency processes in place.
  • Automatic “live” upgrades means there is no need for the multiple versions required as with traditional desktop models.

Enhanced customer service:

  • SnapBill reduces “distance” between you and your clients.
  • It enables you to quickly react and respond to situational changes – offering increased scope for growth.
  • SnapBill’s technology improves on mobile working, freeing up quality time to spend with clients and allowing you to work from the office, on the road or at home when necessary.

The road to implementing a SaaS billing platform will require some minor changes in key areas of your business. However, if you do proceed, this implementation will unlock
latent value in your business, which was previously impossible before the advent of cloud
computing.

We hope that this 3 part guide has given you some insight as to what a SaaS solution can add to your business. A growth enabler. It is a way, with modest investment, to create an innovation and automated billing engine within your organisation.

Try it out for free today and get in touch if you have any questions.

The Future of Billing – Part 2: How SnapBill Fits In As SaaS Solution

SnapBill is developed for high-performance; analytical finance executives and businesses whose needs have outgrown their current billing system and now want a more capable, automated and flexible financial management solution should consider evolving their business through our cloud billing solution.

A trusted and transparent financial software partner to thousands of growing SMEs and enterprise businesses with advanced billing and financial management needs; SnapBill’s multi-entity solution includes automated billing, basic accounting, revenue recognition, financial reporting and customer relationship management.

The billing division is any businesses most frequent point of contact with customers, offering the best opportunity to improve overall intimacy for retention and growth. As more technology choices arise, your staff and customers will continue to expect more billing and payment options and easier ways of doing business with you. Now you can meet their expectations with SnapBill, an easily configurable, rule-based billing solution tailored to the market you serve.

Who uses SnapBill and is it suitable for your business?

Business Functions:

Typical business functions that SnapBill lends itself to.

  • Administrative
  • Business Management and Analytics
  • Billing (subscription/recurring)
  • Call Centre
  • Customer Relationship
  • Management
  • Data Management
  • Finance and Accounting
  • Information Technology
  • Marketing and Communications
  • Sales
  • Security
  • Website E-commerce

Industries

List of Industries for which SnapBill is a preferred solutions partner.

  • Advertising, Media & Graphics
  • Consulting
  • Education
  • Event Management
  • Financial Services
  • Healthcare
  • Hospitality & Travel
  • Insurance
  • Legal Services
  • Property Administration
  • Publishing and Distribution
  • Telecoms
  • Technology

Billing is a universal problem for many businesses big and small. In reality, anyone that sells something to their customers on a recurring basis has a pain that is not being addressed by the long-established conventional solutions in the market.

You would be happy to know that we do. At SnapBill we specialise in making billing procedures easy, seamless & flexible and because of this, SnapBill is used by businesses of all sizes. With packages ranging from Startup all the way to Enterprise. SnapBill caters for all shapes and sizes.

Free Package:
Is great if you want to test out the system and bill a few clients in the process, getting the feel of the system.

Startup Package:
This package is best suited for SOHO’s. Send up to 50 invoices a month while managing unlimited clients.

Premium Package:
Great for the small SME with staff looking to manage the accounts more resourcefully.

Enterprise Package:
This package is great for larger SMEs and corporate. Includes rule based billing and priority support (SLA)

Try it out for free today and get in touch if you have any questions.

The Future of Billing – Part 1: Cloud Computing Defined

What is Cloud Computing?

“Cloud” is a collective term for a large number of developments and possibilities. It is not an invention, but more of a “practical innovation”, combining several earlier inventions into something new and compelling. Much like the iPod is comprised of several existing concepts and technologies (the Walkman, MP3 compression and a portable hard disk), cloud computing leverages several already available technologies: high bandwidth networks, virtualization, Web 2.0 interactivity, time sharing and browser interfaces.

Cloud computing is generally considered to encompass services offered at three distinct levels:

Infrastructure, Platforms and Software (Application):

  • IaaS (Infrastructure as a Service):
    At its most basic level, the cloud provides raw computing power & storage capacity to run and manage any public or private cloud application. Examples include Amazon Web Services, VMWare vCloud and the Rackspace Cloud etc.
  • PaaS (Platform as a Service):
    Provides a platform, or runtime environment, together with tools with which to create, deploy & manage applications in the cloud. Examples include Microsoft Windows Azure and Google AppEngine.
  • SaaS (Software as a Service):
    Provides ready-to-go software (applications) that reside in the cloud and use a combination of cloud based compute and storage services. Common examples include Salesforce.com, Windows Live, Gmail and in this guide, SnapBill.

The value proposition of cloud computing in your business can best be recognised from a financial perspective as it allows you to align your costs with revenues.

You no longer experience the problems of having numerous fixed costs that could potentially hurt your margins.

Some key benefits of cloud computing to take account of:

  • Cloud-resident businesses can scale revenue much faster than their traditional counterparts. Revenues can be generated at much lower cost.
  • The more modular, scalable, and open to third parties your businesses processes are, the greater their versatility.
  • The cost of an IT solution directly relates to the volume of a company’s business,
    compared with a constrictive, fixed-cost model.
What is SaaS?

Put simply, SaaS (Software as a Service) is a means of accessing ‘hosted’ software supplied by a third party company via a web browser. It has many other features, but typically:

  • Payment as you use it model – e.g. A monthly subscription (no upfront investment required)
  • Instant availability
  • Free package/trial –i.e. you try the solution before committing so you can make an informed decision for your business.
  • No IT overheads – i.e. you don’t need to own servers to run the software.
  • Access to new features and updates.

If you log-in to use your Gmail account from a computer or access your facebook.com account on your mobile phone – you’re already using the cloud.

As a result, if you understand the benefits of using the above applications on a timely basis, you can easily grasp and appreciate the underlying key benefits of a SaaS solution for your business.

Why move to the cloud? – Business impact.

Let me paint you a picture of how pragmatic and useful it is choosing the cloud computing model in contrast to a traditional IT model.

For example, under a traditional IT model, if your business needs to change, it will likely take significant time to react (e.g. purchasing and deploying equipment, altering business infrastructure and processes etc.), coupled with the cost of upgrades. If the increased need for IT support was temporary, your business would be left with equipment and resources being underutilised.

With cloud computing, capacity is available when your business needs it. This limits underuse of IT systems when capacity drops, allowing for reallocation of resources as necessary. No longer do you have to go through significant software upgrades, which require large capital outlays, significant rollout time, and a loss of productivity during the adoption of a business-wide upgrade.

Your business can begin using new applications on a real-time basis, with little start-up costs and significantly less effort and complexity.

With many industries becoming more competitive, coupled with an unstable economy. We see markets changing, primarily spearheaded by economics, social and technology implications. Opportunity exists for those who see it.

Economics Implications:

  • Urbanisation
  • Managing profitability
  • Market competition

Social Implications:

  • Balance of power shifting towards customers
  • Demographic change
  • Social and online networks

Technology Implications:

  • Loyalty replaced by price comparison
  • Mobile technology

Businesses must constantly find creative and innovative ways to decrease their operational costs; try and convert fixed costs to variable costs. Do all this without compromising the efficiency and quality of their business. Cloud computing with SaaS as the solution provides such a context in which operational costs are reduced significantly and speed and efficiency scaled. This provides your business with an advantage as your business costs are easily aligned with your revenues.

Spend when necessary and save as required.

Try it out for free today and get in touch if you have any questions.