Jul 21, 2020
Thought Leadership
The Differences between Cloud and On-Premise Billing Solutions
Growing businesses that are reevaluating their billing systems in order to better support their increased customer bases and evolving product and service offerings have to start with this question: Is on-premise or cloud-based billing the better choice for our business?
At Gotransverse, we believe cloud-based billing solutions are the better fit for most businesses that want to stay competitive in this rapidly changing, consumer-centric market. To explain why, let’s work through some of the dif…
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Jul 14, 2020
Thought Leadership
Subscription Billing for Every Industry
We talk a lot here at Gotransverse about how subscription billing is becoming a common strategy across a wide range of industries. We’ve talked about a few examples, like your basic subscription boxes and your cell phone bill, but now let’s get specific. Here’s a closer look at some of the many industries benefitting from subscription billing models and some of the companies that are leading the way.
Transportation
As consumers, especially in urban areas, embrace the idea of a sharing economy, …
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Jul 07, 2020
Thought Leadership
Are Legacy Billing Services Costing Your Company More Than You Know?
For many growing companies, updating and maintaining a legacy billing system, rather than replacing, seems like a good way to save money. Avoiding that upfront investment in a new system means more cash to invest in product development, marketing, and human resources, right? Well, not really.
Actually, research has found that the companies limping along on these legacy systems are losing quite a bit more money than they may realize. In fact, 90 percent of IT professionals say legacy systems are…
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Jun 23, 2020
Thought Leadership
Communication Service Providers, Is Your Billing System 5G-Ready?
The next big wave in wireless communication is 5G technology — the fifth generation of wireless technology that promises not only higher bandwidth and faster download speeds, but also enhanced connectivity between and among all our IoT-powered devices and services. (Read our 5G overview blog.) The big question for telecom companies looking to take advantage of all 5G has to offer in terms of customer experience and revenue growth is this:
Is your billing system ready for the challenge?
While t…
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Jun 17, 2020
Company News
Billing Around the World: Gotransverse Continues to Expand
With 75% of the world’s economic output outside of the US, many companies look to expand internationally in order to grow their business and ultimately shareholder value. Borders are no longer barriers for brands, products, and services thanks to the rise of the digital enterprise, and fundamentally the connectivity (a.k.a. the Internet) we enjoy today.
At Gotransverse, we are proud to work with companies around the world to enhance and streamline billing processes so they can continue delighti…
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Jun 11, 2020
Company News
How the Gotransverse Team Is Staying Strong & Connected During COVID-19
2020 is off to quite the start! Who would have thought this new decade would kick off with a crisis of this magnitude?
As COVID-19 has turned our worlds upside down, disrupting personal lives, school, and work in ways we never would have imagined, our communities have reacted with all kinds of emotions: anxiety, frustration, loneliness, and the overwhelm of having to juggle work and school within the same four walls. (And some of us have found ourselves cycling through all these emotions in the…
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Jun 02, 2020
Thought Leadership
Try Now, Pay Later: Turning Free Trials into Lifelong Customers
With the economic fallout of the COVID-19 pandemic encouraging customers to curb their spending, vendors are looking for creative ways to grow and maintain their customer base with recurring revenue models. One tried and true method is by offering free trials to attract new users, and then converting those free trials to paid subscriptions once the customers have experience the offerings’ value.
We see this model working especially well with streaming content providers, from entertainment platf…
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May 26, 2020
Thought Leadership
When Demand Is in Flux, Cloud-Based Billing Makes Scaling a Snap
COVID-19 has done a number on businesses in every industry, grinding some to a halt while sending others into surprise periods of rapid growth as customer needs and buying patterns have changed overnight — and continue to evolve as the pandemic progresses. But even in the most “normal” of times, every business deals with both busy seasons and lulls, some expected and others not.
What helps businesses make the most of the peaks and weather the valleys? The key, in large part, is having billing …
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May 19, 2020
Thought Leadership
Is Your Business Growing Rapidly? Here’s How to Scale
The COVID-19 pandemic has engendered drastic changes in business growth and productivity. For some companies, business has slowed to a crawl. Others have maintained steady — or steady enough — business. But for some companies, the onset of the pandemic spurred rapid, exponential growth.
Amazon’s and Walmart’s sales have both skyrocketed so dramatically that, according to Vox, the organizations are hiring a combined 250,000 new employees. Grocery stores’ delivery and curbside pickup services, r…
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May 12, 2020
Thought Leadership
Preparing for the Post-COVID 19 Digital Transformation
Digital transformation is nothing new. For years, increased competition in every industry has led businesses to build agility into their operations so they could evolve quickly to meet customers’ shifting and growing demands. Businesses have been migrating their operations from cumbersome, hardware-based systems to native digital platforms that provide more agility, flexibility, and room for growth.
But the onset of COVID-19 kicked the move to digital transformation into overdrive as business a…
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