Five Critical Insights for a Successful CPQ-Billing Transformation Part 3: Data Migration

How do you move from legacy systems to a modern CPQ and Billing setup without losing critical history or introducing errors?

Let’s chat about best practices to ensure your current customers transition smoothly to your new system.

Five Critical Insights for a Successful CPQ-Billing Transformation Part 2: Pricing and Invoicing

The introduction of a CPQ system provides extensive, dynamic pricing options. But, even the best pricing models crumble if they can't be billed for accurately.

Let’s dive into top considerations to develop a pricing design that works.

Five Critical Insights for a Successful CPQ-Billing Transformation Part 1: Product and Bundle Design

Successful CPQ and Billing alignment begins with the product catalog. Although product definitions remain the same throughout the Revenue Management lifecycle, product attributes and behavior vary by system. Understanding functional variations and varying business needs is critical to ensure a cohesive, standardized catalog.

There’s no need to fear if a CPQ and Billing transformation is on your horizon. Ravus can guide you on how to avoid common pitfalls and keep your program running smoothly and on budget. Get our top considerations, in grizzly bite sized portions, in this mini series: Five Critical Insights for a Successful CPQ-Billing Transformation.

Organizations may restructure their GL for various reasons, such as changes in business operations, regulatory requirements, or the need for more detailed financial reporting. Retiring account strings impacts how future-dated journal entries are processed. Read on for best practices in managing such changes effectively, ensuring seamless integration and financial accuracy.

A refreshed understanding of your software choices when modernizing your billing processes and tech stack. Starting with an outline of the table-stakes functions for a SaaS-based billing tools, we’ll highlight seven trends we see in how solutions are evolving to meet your needs.

Discretionary spending is generally tightly managed within the business and as you compete for funding, hard facts and figures tend to win. Fortunately, the challenges you face in billing are quantifiable. We’ve cataloged 40 KPI’s and Outcome statements that span 10 departments to help orient you on the areas of your business you want to improve and the corresponding return on that effort.

All managed services models offer access to technology specific expertise without needing to train or hire full-time staff. When effectively partnered with a focused business strategy, managed services provide an increase in velocity and allows your team to focus on strategic initiatives. But when is the right time to look for a managed services partner? 

A hard look on practical applications of AI for billing and collections teams. Focused on real world business outcomes these tools currently deliver, and how AI is moving the needle for system administrators in today’s top SaaS billing solutions.

An outline of Usage Based Pricing software players, the role they play, and who they are right for. Whether you’re thinking about introducing a UBP pricing strategy, are currently making this shift, or have already gone to market with consumption models, here’s a simple frame of reference for your back-office revenue strategy.