Mar 19, 2019 Thought Leadership

3 Requirements for Billing in FinTech

The strictly regulated nature of the fin-tech industry means the stakes for tracking usage, invoicing and revenue data are higher than in many other industries. But at the same time, the explosive growth in FinTech means companies across every sector are having to find a way to maintain airtight security, transparency and accuracy while laying the groundwork to scale quickly. In short, FinTech organizations’ legacy billing systems can’t keep up with their increasing — and increasingly complicat…
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Mar 14, 2019 Thought Leadership

How FinTech Companies With Recurring Billing Can Make a Secure Transition to a High Volume Cloud-Based Billing Platform

As more and more industries make the shift in droves from one-time purchases to subscription and consumption-based pricing models, customers are growing accustomed to the flexibility, transparency, and low barrier to entry these models provide. Subscription and consumption-based models can really tax legacy on-premises billing solutions. As a matter of fact, according to Research and Markets, the market for financial technology is projected to reach $679.9 billion by 2023, putting the challenge…
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Introducing Our New Executive Vice President of Sales, Kris Nielsen

We are honored to add a professional with Kris Nielsen’s experience and expertise to the Gotransverse team. Kris brings with him a breadth of leadership experience and a proven success record that will play a critical role in strengthening our sales and partner teams as well as guiding Gotransverse through its next stages of growth. With a software industry career that has spanned almost two decades, Kris most recently served as a Strategic Account Executive at Workday, with whom Gotransverse i…
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Mar 05, 2019 Thought Leadership

Flexible Billing in the Highly Regulated FinTech Industry

According to PricewaterhouseCooper, 46 percent of financial services consumers use only digital channels – a drastic increase from the 27 percent that was seen only four years before. Moreover, 82 percent of Millennials do their banking transactions entirely by phones. These trends have caused a global FinTech explosion in which organizations within these industries are getting ready to scale, enhancing their offerings and laying the framework to grow their global customer bases. As we’ve seen…
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Feb 26, 2019 Thought Leadership

Digital Transformations in FinTech Cause Companies to Restructure Pricing and Billing

There’s no denying that FinTech is booming. In fact, a recent Research and Markets report projected the industry would reach $679.9 billion by 2023, and PricewaterhouseCoopers found that 82 percent of incumbent financial institutions worldwide expect to partner with FinTech organizations in the next three to five years. This global FinTech explosion puts new pressures to keep up, and scale, taxing existing offerings and systems. Many FinTech companies are looking at digital transformations to …
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Feb 22, 2019 Thought Leadership

Monetize 11 Recap – Sharing Business Success Stories with Starz Play and Lessons Learned with Agile Monetization

Recently I was fortunate to be on stage at MGI Research’s Monetize 11 Conference Amsterdam– the Premier Agile Monetization Platform Event in Europe. Gotransverse was proud to sponsor this event focused on monetization strategies, including billing, payments, e-commerce, and quote-to-cash strategies. It also explored new pricing models and payment methods like new digital business strategies, subscription pricing, and tactics for frictionless commerce. I had the opportunity to speak to the con…
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Feb 19, 2019 Thought Leadership

In Billing, to Err Is Human; to Automate, Divine

Does your organization’s legacy billing system require a significant amount of manual work to complete billing, collections, and accounts receivables transactions? Have you ever taken a moment to account for how that affects your billing efficiency? McKinsey recently reported that 60 percent of B2B transactions require some kind of manual intervention, each adding 15 to 20 minutes to the process. That adds up to an additional hour of work for every three to four transactions! But additional tim…
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Feb 12, 2019 Thought Leadership

High-Volume Billing: Scaling Your Volume without Scaling Your Efforts

Your organization’s growing fast. Your customer base — and the number of usage events per customer — has increased exponentially over the last few months, with no sign of slowing down. It feels as though you’ve finally cracked the code, identifying exactly what customers want and delivering it to them in the right package, at the right time, at the right price. But slowly, you start to see hiccups in your billing processes: inaccurate invoices, rating errors, revenue leakage and jammed payments…
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Feb 04, 2019 Thought Leadership

Optimize Revenue Management in Marketing and Ad Tech

Here at Gotransverse, we know that the final step in the quote-to-cash process — closing the books — is often the most involved and expensive. For companies with high volumes of transactions and multiple, complex monetization models, the processes of correctly invoicing clients and recognizing revenue from each transaction can be time consuming and error prone. These outdated processes take the finance team away from their core job functions and often result in revenue leakage, misreported data…
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Jan 29, 2019 Thought Leadership

Transparency in Billing, for You and Your Customers

How often does your finance team — or worse, a customer — discover a billing error within the organization? If your answer is “more often than I’d like to admit,” you’re not alone. MGI reports that 59 percent of businesses experience significant customer friction due to billing disputes and that 42 percent of companies experience some kind of revenue leakage. So what’s causing these complications? In most cases, the culprit is a lack of transparency in the billing process, either internal, cust…
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