Goodbye, traditional transactional business models. Hello, recurring revenue-based business models. There’s a shift happening across all industry verticals, and we call this the shift to a subscription economy. Services over products. Relationships over transactions.
Established enterprises can find it hard to make the shift to a subscription business. And ERP and CRM solutions generally are not built to support the constant pricing and product iterations that define the subscription economy.
To support this shift, businesses need a cloud-based enterprise billing system that offers features that automate billing, collections, and other back office operations to remove the need for manual procedures. An agile and flexible enterprise billing system is essential to monetize and manage subscription businesses. With auto-sync capacities, subscription enterprise businesses can improve their workflow and simplify their business operations.
Enterprises need an enterprise billing system that will:
Enterprises need an enterprise billing system designed to keep pace with developing business models. Zuora’s billing solution can help.
To learn more about enterprise billing systems and billing for the subscription economy, download our free e-book on 7 subscription billing mistakes to avoid.