The tarot card for your customer said “Good Fortune”
Consumption business models are used by modern businesses. Come again? It simply means charging customers for what they use. But it also means that you can impress prospects by offering insights from how similar customers consume your services?
Transforming Traditional Products to the Digital Economy
The digital economy allows organizations to iterate and adapt their products and services quickly. This creates an explosion in the products and services they offer in each market.
Organizations can have a large and constantly changing portfolio of products and services. Organizations can iterate different approaches in each market in which they operate. A billing system will need to manage large and constantly changing product and service offerings, but still allow them to go-to-market quickly, stay agile, and iterate their pricing and bundling.
Dynamics Billing enables organizations to quickly set up products and services into natural hierarchies. This allows for new products to adopt characteristics from “parent” products and pass along characteristics to “child” products. Changes across the entire portfolio can be made easily. Exceptions to products can be set individually. All customers can be managed with a full suite of subscription management features, from entitlement management, cross-sells and upsells, customer and business insights.
Accurately capture consumption of services and bill for charges as per contract
Customers of credit processing services can assess their consumption of services on a consolidated report
Assess customers consumption behaviour and engage customers during billing to offer new services or enrol in new programs
Offer customers management information to allow them control over their consumption of your services to better engage them in your services