The Dynamics Billing Process
Dynamics Billing gives you complete control over each step in the billing process.
How it Works...
"Finding a billing platform that is flexible enough to meet our needs yet easily configurable was quite challenging. After reviewing and comparing over 30 options, we found that Omniware was the perfect fit."
CIO, large logistics and security company
The Dynamics Billing Product Catalog module provides user flexibility when introducing or changing products and service offerings. A product can be any type of plan, service, contract, bundle, or each can be hierarchical in nature.
The ease of use with the Dynamics Billing product catalog is through its intuitive graphical user interface (UI) that makes it easy to add, modify, or terminate new product offerings and services. The product catalog is easily configurable and able to synchronize with any external upstream or downstream systems.
Simplify your Pricing Management
Manage one pricing plan instead of hundreds with Dynamics Billing. By using hierarchies you can reduce the number of pricing plans you manage by building a single plan for a product. Let Dynamics Billing automatically manage the assignment of the pricing plans to each similar product in the hierarchy.
Hierarchies also give you a way to neatly and clearly bundle your offerings any which way you need.
Capture Product Attributes
When creating a product, you can define a set of attributes that can be used for different purposes:
1) Store product details. Use this feature to refine your reporting or to keep organized product information.
2) Configure how a product is sold and billed for. Configure "Instance attributes" to capture important details at the point of sale (quantities, phone numbers, etc.) or "usage attributes" to instruct the system to send certain information to the billing engine - don't worry, Dynamics Billing makes this easy.
Client Data as a Pricing Factor
We've configured our CRM to allow product or client attributes to be factored in at the time of billing. This functionality gives Dynamics Billing tremendous versatility. See the Rules and Behavioral Billing in the Plans section below for more detail.
Dynamics Billing's ability to handle any pricing model for any industry is driven by the flexibility of the billing engine. Charge-Options and Charge Sub-Options are used together to construct advanced pricing scenarios.
We offer eight Charge Options when setting up pricing for any product or service. You can set something as simple as using a single Charge Option or something incredibly complex using multiple options.
You can configure each of the above Charge Options using additional Sub-Options. This can be as simple or intricate as your business needs.
Dynamics Billing is built directly into Microsoft Dynamics CRM and allows your Client Data to dynamically influence the pricing.
Take creative freedom to the next level by using the Rules Builder to create pricing configurations that utilize data from anywhere in the system to influence the final price.
Rule Building & Behavioral Billing
Here's a simple example showing how the user can configure a rule which allows client data to influence pricing
Here, we have client Attributes collected from CRM. Note the "VIP Status" Attribute - in this case, representing a customer loyalty rating
Then, simply configure how Dynamics Billing interprets and reflects the change. In this case, a change in VIP status causes different pricing options to be applied
In the Product Catalog, you can configure different Pricing conditions
Behavioral Billing takes Rules one step further - consumption of one product can affect how another product is billed. In the "Bundling" example below, we've shown how it works:
Using aggregated product usage data, you can track consumption for any defined period. This data can then be used to apply volume discounts, volume caps, and volume commitment (true-up) charges.
Used in conjunction with rules, you can have plans set to automatically pull counter data when calculating a charge or discount for a different product owned by the same account. The result is usage data for one product affecting the price of another.
A few examples
Create and manage your recurring subscription charges on any daily, weekly, monthly, or annual interval
An internet provider Charges $40 per month
An Online grocer charges members $60/week
A consulting firm charges clients $3,000 per quarter
Using fixed dollar amounts, charge the client based on what quantity of products or services they require. You can set this to recur at any interval.
A SaaS firm charges customers a $50/seat per month
A phone manufacturer charges a business $500 per phone purchased
A web hosting company is charged $200/month per server
Combine any number of different pricing types to construct unique pricing configurations
$8/mo + $10/hr
A car sharing company charges customers $8/month plus $10/hour of usage with a maximum charge set to $80/day
Charge for consumption utilizing any unit of measure
A cloud billing vendor charges clients 1.5% of monthly revenue
A hydro company charges their residential customers $0.132/kWh for usage
A phone service provider charges clients $40/month for 1,000 minutes of call time plus $0.08/min for every additional minute
Usage Based Billing
1.5% of Revenue
$40/mo + $0.08/min
A Marketing firm offers clients a quarterly services package containing consulting, social media management, and website design
A SaaS company offers the ability to select and bundle any 3 out of 8 components from a Software Suite
Marketing Services Bundle
Bundle any 3
Drive sales by creatively bundling your different product offerings
Dynamics Billing provides for Behavioral Billing which allows you to adjust how the pricing of one product is influenced by the consumption of another.
As an example...
A customer purchases a bundle of services from a telco…
Pricing can be set that, if the customer watches 5 foreign films using their movie streaming service...
...they get a, let’s say, 10% discount on all international calls made during that month. Pretty neat, eh? Note that behavioral billing is applicable to many billing scenarios, not just bundling.
The event-based billing module is highly automated, simple to operate, and outfitted with an array of options to help you produce perfect invoices.
Here is a visualization of the billing process. Simply select a bill period and execute a bill run to generate your invoices!
Accounting & Finance
Taxes and Accounting
Use Dynamics Billing's turnkey tax capabilities out-of-the-box or integrate with one of our 3rd party tax partners for your taxation requirements.
Dynamics Billing captures relevant ledger data and makes it available in a file for accounting system integration. APIs are also available for native integration if required.