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Gotransverse Named to Constellation ShortList™ for Smart Services Digital Monetization Platform

We are proud to share that Gotransverse has been included on the Constellation ShortList™ for Smart Services Digital Monetization Platforms for Q3 2018. To qualify for the Constellation ShortList, vendors have to meet 10 out of 14 criteria, including offering account management, alerts, billing complex workflows, configure/price/quote (CPQ), contracts, financials, invoicing, integration, partner platforms, pricing, product catalogs, and reporting and analytics. Constellation selects the list’s … Read More Aug 28, 2018 Thought Leadership

Frankenstein’s System: The Trouble with DIY Billing Platforms

If your organization has outgrown its current billing platform, it’s a good bet you’re weighing the pros and cons of building a new platform in-house or contracting with a third-party SaaS and cloud-enabled software solution. At first blush, the homegrown platform may seem like a good idea. After all, why pay for something you can build yourself? But time and again we’ve seen companies devote countless hours and resources to DIY billing platforms (sacrificing other priorities in the process) on… Read More Aug 21, 2018 Thought Leadership

How Artificial Intelligence & Machine Learning Could Shape the Future of Intelligent Billing

In recent years, artificial intelligence has emerged from the realm of science fiction and become a very real tool that, depending on who you talk to, will either leave humans jobless and purposeless or improve businesses operations in every industry by taking over mundane and data-heavy processes and leaving human employees with more time and energy to think and work creatively. Here at Gotransverse, we’re excited about the ways artificial intelligence and its partner, machine learning, could … Read More Aug 14, 2018 Thought Leadership

How to Streamline Your Billing Process for Multiple Products and Services

When it comes to increasing revenue, improving customer relationships and building up that bottom line, it’s no secret that diversified product and service lines are a powerful advantage. That’s why the hordes of software companies that have switched from traditional licensing to SaaS models have started taking the next step, adding consumption-based offerings that enable customers to add extra products and services to their subscriptions, customizing their packages to their unique needs. We’ve… Read More Aug 07, 2018 Thought Leadership

What We’re Talking About When We Talk About Usage and Rating

“Usage and rating” is a phrase that gets thrown around a lot in the world of billing, but for folks who aren’t quite as intimately familiar with billing models and processes as we are here in the Gotransverse office (and that’s most people — why would anyone be intimately familiar with billing models and processes unless they had to be?), we know some of the jargon can get a little confusing. So what are we talking about when we talk about usage and rating? Let’s start with some basic definitio… Read More Aug 02, 2018 Thought Leadership

Webinar Recap: What to Know Before Purchasing a Quote-to-Cash Solution

Architecting and launching a full quote-to-cash solution is no small feat. The ability to accommodate your customers’ needs in today’s digital landscape requires more than a simple tweaking of your internal processes; it requires total transformation of the way you do business. I recently co-hosted a webinar with Seth Gross from CloudSense titled What to Know Before Purchasing a Quote-to-Cash Solution, where we dug into three main areas we often see gaps or a lack of emphasis in a quote-to-cash… Read More Jul 24, 2018 Thought Leadership

Consumption-Based Billing: Beyond the Simple Subscription

Subscription models have taken off in recent years in just about every industry. From corporate SaaS offerings to monthly clothing deliveries, companies across countless sectors have embraced the benefits of subscriptions as a reliable source of recurring revenue. But are they really the be-all and end-all model for increasing revenue potential and customer loyalty? We wrote recently about Danny Crichton’s TechCrunch article unpacking what he calls the “subscription hell” that has taken over th… Read More Jul 17, 2018 Thought Leadership

Revenue Recognition and ASC 606: A Primer

A new set of rules from FASB (Financial Accounting Standards Board), called ASC 606, is aiming to standardize the methodology of revenue recognition for revenue from customer contracts, and bring US GAAP (Generally Accepted Accounting Principles) in line with the IFRS (International Financial Reporting Standards) 15 standard. ASC 606 goes into effect in the fiscal year 2018 for public companies and in the fiscal year 2019 for nonpublic entities reporting under the US GAAP. These new standards o… Read More Jul 10, 2018 Thought Leadership

Building Loyalty through Frictionless Customer Experience

With countless providers to choose from for any given product or service — and with the unlimited information buyers can access online — businesses that want to attract and retain loyal customers know just how important it is to create a frictionless experience through every step of the process. When businesses talk about the customer experience, which is equally important in both the SaaS and direct-to-consumer landscapes, they often get hung up on specific elements such as packaging, pricing … Read More Jul 03, 2018 Thought Leadership

7 Pricing Model Examples for Intelligent Billing Platforms

Here at Gotransverse, we talk frequently about the benefits of modernized and consumption-based billing, from the improved flexibility and user experience to the enhanced revenue tracking and reporting abilities. But what, exactly, do these billing models look like? The beauty of intelligent billing is that it enables more than one answer to that question. Through real-time rating — juggling customer-specific rules for billing based on different usage models — these platforms allow businesses t… Read More