Cloud Billing For SaaS Businesses

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Cloud Based Solutions for SaaS Businesses
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Understanding The SaaS Business Model

• A SaaS business model is quite popular with
  startups of today. SaaS that is software as a
  service is different from other business models
  in the following ways.
• In a SaaS based business model, the core
  operation of the business is the product itself.
• A SaaS based business model needs to have a
  technological advantage over other products in
  the market.
• A SaaS based product can easily receive upfront
  payments from the customers. These payments can
  be used to improve the services of the business.
• Sales and marketing are the key to the success of
  a SaaS based business.
• SaaS applications are prefered over desktop
  applications because they are available on any
  device from anywhere. These products are usually
  subscription based and do not require a one time
  licensing fee.
• In a SaaS business model, feature updates are
  done automatically and customers can use these
  features easily.
• SaaS based products can be easily integrated with
  other products through API integration.
• A SaaS business needs to maintain a healthy cash
  flow, to keep adding improvements to the product.
• An efficient billing process is a must for a SaaS
  business.

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• A SaaS based business must choose a custom
  invoicing solution like Invoicera. Invoicera
  provides a host of business features that are apt
  for SaaS products. These include
• Customized invoicing and workflow management
  solutions
• Multiple languages and multiple currency support
• Online payments and recurring billing
• Automated billing solutions
• Customized invoice template solutions

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Professional Online Invoices

• Every SaaS business must send out professional
  invoices through pre-designed templates. This is
  important for building a positive reputation
  among customers.
• Adding the company branding to invoices, helps
  in promoting the product among existing
  customers.

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Subscription Management

• Managing the customer subscriptions and invoicing
  them on time is the key to concern of a SaaS
  business. A SaaS business must use a recurring
  billing solution for managing auto-bill profiles,
  to receive timely payments from clients.
• Adding a late fee on the invoices, helps in
  getting paid on time for each of the subscription
  invoices.

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Online Payment Integration

• One of the most important aspects of billing for
  SaaS businesses is online payments. Payments for
  each of the subscriptions must be made on time.
  For this, an invoicing solution that has got
  multiple payment gateway add-ons is an essential.
  
• This helps in making it easy for the clients to
  make payments in a timely manner.

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Customized Solutions

• For large enterprise SaaS products, customized
  billing solutions can be really helpful. These
  solutions help in automating the workflow and the
  invoicing process. Automating the invoicing
  process helps in reducing the number of invoice
  disputes and and exceptions, as the invoices are
  free of errors.
• Customized solutions are also helpful in
  delegating the process to staff members who can
  then manage it effectively and efficiently.

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Multilingual Invoices

• A SaaS based business has global clients. It is
  important to bill these clients in the language
  of their choice to build an appropriate business
  relationship with them.
• Multilingual and custom invoicing solutions help
  in billing clients in the language of their
  choice.

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