Products

Subscription Businesses

STREAMLINE INVOICING, BILLING, RENEWALS & CANCELLATIONS MANAGEMENT

Subscription businesses often operate on a low margin, high volume model. However, large scale subscription providers face significant challenges in managing invoices, billings, renewals, and cancellations for their subscribers. 

Calculation and timely disbursement of channel partner incentives adds another layer of complexity to the challenges facing a finance department, the successful management of which is often crucial to the success of a business.

Nirvaha's solution for Subscription Service providers overcomes these issues. Nirvaha's Quoting Software, Pricing Software, Billing Software, and Commission Software work seamlessly together to automate your existing processes, and enable you to effectively manage the most critical aspects of your business.

Typical Problem Nirvaha's Solution
PRE-SALES
 Nirvaha Quotes module
Accuracy of Quotes Sales reps are forced to copy- paste-search-replace old quotes
to create new ones often resulting in  embarrassing customer-facing mistakes and frustrations.
  		 Quotes are guaranteed to be the latest approved in your organization and 100% accurate.  PDF quotes are generated in a few simple clicks, and printed or emailed to the prospect directly from the system.
 
Discounting & Pricing Complexities
 Discounting Rules have become too
complex to remember, and difficult to communicate to the sales team.		 Pricing rules give your sales team the autonomy to discount up to pre-authorized levels, and easily escalate for additional discount requests.

Discretionary pricing, volume pricing, and channel discounts are supported.
Template Selection Too many Quote templates confuse the sales team.
 A central Quote template management system, complete with access permissions, alleviates the guessing game for the sales team.
 
CONTRACT SIGNED Nirvaha Billings module
Nirvaha Commissions Module
Billings based on metering are too complex The organization is losing revenues due to its inability to generate billings based on metered usage or services rendered. Fully automated metered billings calculation based on time usage, storage usage, bandwidth, or any other unit of metering.
  
Commissions calculations
too complicated		 Accelerators, kickbacks, and draws complicate the calculation of commissions payable on deal closure, often times requiring manual recalculation of group or individual commissions.
 		 In-house, partner, and group commissions plans and related real-time reports automatically calculate upcoming commissions payments.
 
 
ONGOING ACCOUNT MANAGMENT
Nirvaha Billings module
Nirvaha Commissions Module
Metering & Fullfillment variablility complicate ongoing commissions  Lack of real-time calculation of earnings and a central repository of payments records creates a perpetually frustrating reconciliation chore in the organization.
 Automatically generates earnings, billing and fulfillment schedules from the order data and fullfillment rules entered into the system.
 
Recurring Billings difficult to manage, forecast Management of monthly or quarterly billings, combined with the complexity of tracking renewals creates errors and omissions that hurt the bottomline and make forecasts unreliable.
 		 Fully supports split billings as well recurring billings. Single or batch invoice creation in PDF format streamlines the process, and real-time reports  forecast future recurring revenues.

 

For a complimentary analysis of how Nirvaha can improve key business metrics and cash flow in your organization, contact us.