Billing Automation

How An Ordering and Billing System Can Reduce Transaction Time for Retail Enterprises?

Cloud products like ordering and billing system can consolidate the sales process for retail enterprises. Cloud computing can enable retailers to drastically reduce transaction time. Indirectly it allows retailers to sell more volumes per unit of time. The business model based on “store pickup” is essentially a brainchild of American retail giants like Best Buy. Although the concept is new to India, it is being deemed as the next big inflexion point for retailers. The model works on a very simple premise. The customer chooses to buy a product and makes an online payment. He walks into the nearest store and collects the merchandise. This model of retail sales combines the best of the brick and mortar model with that of the online retail channel.

Analyzing The Store Pickup Model of Retail
The store pickup model has caught the imagination of Tata Croma, the retail arm of the diversified business conglomerate […]

How to craft a profitable subscription plan management strategy?

Subscription plan management has come off age in the new technological landscape. The unprecedented boom in the service economy across the world and the ongoing internet revolution has transformed the business matrix of  the service sector. To come straight to the point, digitization of services has crossed its stage of infancy and is well on its way to youth. There is no dearth of hosted billing software product in the market. Hence, choosing a hosted billing system is not a big deal. Rather gray cells are tested to the fullest, when businesses have to craft a subscription management strategy.
To begin with, the service sector by nature does not have and also does not need a physical interface between the company and the customer. Billing processes have been automated and thus it is faster and more efficient. Quality of billing processes has moved up several notches. Manual errors in billing […]

How To Fight Revenue Churn Using Subscription Plan Management?

Subscription plan management can enable a firm to fight revenue churn. Enterprises, big and small face a recurring problem of revenue churn. Most enterprises look for short term solutions to this problem and then forget it. At Netfunda, we call this myopic approach “fire fighting.” Our business consulting team offers a long lasting IT solution for revenue churn using effective subscription plan management. Here is a snapshot of our three pronged approach to revenue churn that works on the 3s of the McKinsey framework: strategy, structure and system.

Incorporate the Great Repetitive Model
The Great Repetitive Model focuses  on one best practice. Repeat activities that enable sustainability. For any business to sustain revenues, it is imperative to establish a system that touches on recurring communication with the existing customers, recurring billing and recurring monitoring of customer purchase history. This can be achieved by using a hosted billing system with powerful recurring […]

How Can Service Providers Profit From automatic Billing System?

Automatic billing system that offers complete subscription plan management can be a source of competitive advantage. At Netfunda, we produce cloud based software products to provide solutions to business verticals. Our billing solutions offering Netfunda OneClickBill has been instituted to administer profitable IT solutions to service providers. A hosted billing system does primary billing work. We have moved beyond that. Billing automation solutions for service providers has to cater to host industry specific issues. Moreover scalability of the subscription billing software makes a big difference. We address these issues.
Installation Of A Billing System
The fundamental question that concern service providers is the platform that hosts the online subscription management system. The internet boom has led to a strong resurgence in the subscription economy. Service providers have mushroomed like never before. When service providers use a platform that requires a physical interface, growth potential is restricted. When orders keep flowing in […]