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Jul 22, 2021 Thought Leadership

Gotransverse in Forbes: 10 Billing Reports That Matter to Your Business

“Since money is the fuel that powers business, tapping into billing data is critical to guiding business decisions driving growth. Understanding how to mine your billing platform to generate the right kind of reports can tell you a lot about business operations, cash flow and go-to-market strategy. You just have to know where to look.” - James Messer, Founder and CEO, Gotransverse, in Forbes Recently, Gotransverse founder and CEO James Messer wrote about the power of the billing process — parti… Read More Jul 13, 2021 Thought Leadership

Why Is Billing Such a Big Deal?

At Gotransverse, we love to talk about the ins and outs of billing. From mining business insights out of mediation data to setting up usage-based models to finding the right monetization model to support growth, no detail is too nuanced for us to dig into. But once in a while, it’s important to come up out of the weeds and remind ourselves of the big picture. So today, let’s explore the one question that drives everything we do at Gotransverse: Why is billing so important, anyway? Let’s start b… Read More Jul 06, 2021 Thought Leadership

The Customer Experience Demands Shaping the Future of Payments

Remember the days when you would approach the checkout counter and a cashier would ring up your items then ask, “Cash or check?” Today, those two options seem almost quaint. As customer demands and technology have evolved over the years, so have payment methods. Now, we can pay with anything from a credit card (“swipe or chip?”) or Apple Pay to Venmo or even Bitcoin. We can sign up for autopay and opt in for paperless billing, we can simply pay through the app or even pay in the future. The opt… Read More Jun 29, 2021 Thought Leadership

Webinar Recap: 3 Things to Know When Evaluating Billing Solutions in a Changing Monetization Landscape

Earlier this month, we were thrilled to host a webinar with PwC on how businesses can leverage billing to keep their customers satisfied and their revenue growing even as the monetization landscape continues to evolve rapidly. Marni Burger, our Vice President of Marketing, moderated the webinar, which included insights from three expert panelists: Jared Schreff, Partner, Finance Transformation, PwCLaurie Fleet, Partner, Quote-to-Cash Transformation, PwCSean Daniel, Chief Financial Offer, Gotran… Read More Jun 22, 2021 Thought Leadership

Subscription-Based Billing: The 4-1-1 on ARR

Recently, we outlined 10 key subscription billing metrics businesses need to track. Today, we’re going to unpack one of the most critical: annual recurring revenue, or ARR. This is a foundational subscription billing metric, as it indicates how much revenue a company — and its investors — can expect from subscription customers each year. In its most basic form, the calculation is straightforward: the number of customers multiplied by the amount they pay per year for their subscription. For the … Read More Jun 16, 2021 Thought Leadership

Back to Billing Basics: Collections & Dunning

So far in our “Back to Billing Basics” series, we’ve covered revenue recognition, revenue leakage, mediation, and usage-based billing. Our goal with this series is to take a step back from the nitty gritty details of agile billing and instead share high-level overviews of some of its key elements. Today, we’ll look at collections and dunning — the processes involved in actually receiving payments from clients once invoices have gone out. Let’s start with basic definitions. Collections is the pr… Read More Jun 08, 2021 Thought Leadership

Back to Billing Basics: Usage-Based Billing

In our “Back to Billing Basics” series, we’re revisiting some of the key elements of billing and critical billing platform functionalities. We’ve covered revenue recognition and revenue leakage already, and today we’re going to dive in to usage-based billing. We’ll cover what usage-based billing is, what it can look like, and what businesses need to consider before they make the switch from simple subscriptions or one-time payments to these more complicated (and more fruitful) models. What Is U… Read More Jun 02, 2021 Thought Leadership

Back to Billing Basics: Mediation

Next up in our “Back to Billing Basics” series, let’s look at mediation: the process of converting raw usage data into information that’s usable for calculating invoice charges. This process is what allows businesses to bill on a variety of usage-based, consumption-based, and pay-as-you-go models, turning raw usage data into timely, accurate invoices customers can easily interpret and pay. But, like so many complex billing processes, mediation is easier defined than done. In a recent article fo… Read More May 26, 2021 Thought Leadership

Gotransverse in Forbes: The Power of Mediation to Drive Business Insights

“Once you understand the structure of data mediation, you can start to see the potential of using mediation metadata for more than just billing analytics.” - James Messer, Founder and CEO, Gotransverse, in ForbesWe’ve written extensively about mediation in billing — what it is, why automating mediation is critical for a smooth, efficient billing process, and how it enables you to scale pay-as-you-go models. But this month, Gotransverse founder and CEO James Messer took a close look at mediati… Read More May 18, 2021 Thought Leadership

Ready for Agile Billing in Your Organization? Meet the Gotransverse PaaS.

When businesses are considering implementing agile billing platforms to enable growth, the first question they usually have to answer is “Build or buy?” That is, should they build their own software from scratch or purchase from an established vendor? We’ve discussed the pros and cons at length, and to us, the answer is clear: cost, timing, quality, and longevity of the platform all point toward “buy” as the right choice — that is, assuming you select the right vendor to work with. There are pl… Read More