BillFinity™ is an automated recurring subscription management software solution. All of our NetSuite apps are built inside of the NetSuite platform, hosted on the same servers and living in the same database as your NetSuite data. BillFinity™ 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- like billing application software- to manage large transaction volumes with recurring and pay-as-you-go pricing structures.
CREDIT CARD COMPLIANT
If credit card information is stored on the standard NetSuite customer record (fully PCI compliant), automatically creates payment records and applies to the invoices created as part of the renewal process.
Allows for easy definition of any billing frequency, including monthly, quarterly, annually or custom. Uses smart logic to ensure correct crossing over of month-end dates and leap year.
Automatically creates NetSuite recurring billing subscriptions from sales activity and allows for easy ongoing updates/adjustments for go forward billing without requiring any other contract modifications. *This is not part of the NetSuite SuiteBilling module.
Allows 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.
Can take full advantage of NetSuite’s Advanced Revenue Management (ARM) features. Also supports Amortization Schedules for basic revenue recognition in non-ARM environments. Can also run without revenue recognition for environments that always recognize upon invoicing.