The origin and rise of OTT’s popularity have skyrocketed in recent times. More so, to the point that it has even posed a threat to the existence of the IPTV sector for a while. The swivel towards OTT was predicted to stimulate large-scale cord-cutting, thus eradicating the Premium IPTV solution. However, this estimate has been...
In our previous blog, we discussed what a hybrid billing model is and how to make the most of it. In this section, we will discuss the different types of hybrid billing models and their benefits. The hybrid billing model not only gives your businesses the opportunity to stand out amidst a plethora of subscription-based...
Across industries, businesses are resorting to the subscription model to cater to the variety of service demands in the most personalized form. This is primarily because of the evolution of customer expectations that have changed several business procedures. Unfortunately, not all businesses can leverage the benefits of subscription billing model. Do we have an option...
Before we get into the details of a membership billing platform, let’s quickly understand a bit about memberships: Membership means being a member of a store, an organization, or a group. It brings in value-added services, exclusivity for members, additional discounts, member specific products and pricing, free gifts, vouchers, etc. For example, a gym subscription...
Subscriptions are booming by the day in the current scenario, where recurring services are being most sought after. For the same reason, various subscription models are also taking on the business innovation curve. However, to be able to manage a subscription business effectively, relying on traditional means of billing can cause a setback in terms...
The advanced 5G mobile network is finally here with immense benefits to both service providers and corporations. One of the greatest advantages of this is mass-scale Network Slicing – splitting a physical network infrastructure into a cluster of perfectly remote virtual networks. This offers enhanced support to network operators to satisfy the evolving needs of...
Billing was arduous in the earlier times when people had to line up in queues to pay just one bill! Companies depended on accountants for this process, and we can still see it happening in many businesses. However, these conventional ways of getting billing done are being discarded for good, and even small stores today...
Whether you own a brick-and-mortar store or run an eCommerce website, business owners cannot eliminate the process of invoicing. As a business scales up, invoicing and payment collection can become time-consuming. Besides that, many organizations still rely on manual billing processes, which are erroneous and inefficient. The paradigm shift in customers’ buying patterns and digitization...
Revenue forms the essence of any successful business, as it is the headwater for profit generation and advanced brand presence. This is why achieving proper revenue recognition becomes crucial. Revenue recognition can be defined as a generally accepted accounting principle that specifies the method and timing of revenue being recorded and recognized as an element...
It’s no secret that the ongoing growth of digitization and the explosion of data have drastically altered what it needs to succeed in retail. Over the last five years, the subscription e-commerce industry has increased by more than 100% every year. According to McKinsey’s study, 15% of online consumers have chosen one or perhaps more subscriptions for...
