Oct 04, 2022
Product Insights
Don’t Worry, Bill Happy: Complex Billing Made Simple
“Don’t Worry, Bill Happy” series—created with thanks to Bobby McFerrin—is a “back to basics” look at foundational components of modern billing systems and processes and how the Gotransverse platform makes even the most involved billing needs easy. This week, we take a look at complex billing models.
While subscription and usage-based services were, once upon a time, novel nice-to-haves that set some businesses apart from their competitors, these models are now critically advantageous offerings …
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Gotransverse, Industry Leaders Win TM Forum Award for Second Year Running
Last week, we told you we were headed to Copenhagen to present our Catalyst project at TM Forum’s Digital Transformation World. This week, we’re even more thrilled to announce that our project, “Supercharged Edge-Aware Marketplaces – Phase II,” created in partnership with Verizon, Vodafone Group, Blue Planet, MATRIXX Software, and Salesforce, was named the winner of the “Best Ecosystem Design” award!
We are honored to win this award for the second year in a row, and we love to see our work vali…
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Sep 23, 2022
Company News
Gotransverse Heads Back to TM Forum for More on 5G Monetization
It’s safe to say that, for the Gotransverse team, one of the highlights of 2021 was joining TM Forum and participating in the Catalyst Program. TM Forum is an association of over 850 member companies, including the world's top ten network and communications providers, and stretches across 180 countries. And its Catalyst program develops collaborative, proof-of-concept projects that offer solutions to everyday business problems using best practices that ensure scalability with reduced costs and …
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Sep 06, 2022
Thought Leadership
Gotransverse in Forbes: Scaling Your Business? Start with Better Data
“To enable business expansion,” says Gotransverse founder and CEO James Messer in his latest article for Forbes, "businesses need to clean their data before they begin the billing process." In this article, Messer addresses the "garbage in, garbage out" problem plaguing businesses as a glut of disorganized and inaccurate data obstructs growth. He explores what's causing these challenges and how to resolve them in order to establish billing practices that keep data clean and enable limitless gro…
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Aug 16, 2022
Thought Leadership
Power Business Innovation with Agile Billing
Historically, businesses looking to get—and stay—ahead of the competition have been dedicated to constantly evolving their business models to increase revenue, build and strengthen their customer bases, and grow their market share. Thus, agility has become especially acute in the wake of COVID-19 and the economic uncertainty that has followed. As consumer needs, values, and budgets have evolved, innovation has become less about growth and survival for many companies. However, the impact of even…
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Aug 09, 2022
Thought Leadership
How to Bill Efficiently for Complex M2M Business Models
We often talk about B2B and B2C, but here's another business model acronym for you: M2M.
M2M (machine-to-machine) business models refer to models that deal with communication between devices, as enabled by the Internet of Things. For example, if you've ever looked at the GPS on your phone and noticed a little icon identifying where your car is parked, that's M2M communication. So are the notifications your smartwatch or Fitbit push to your phone about your physical activity. If you or your elec…
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Aug 02, 2022
Company News
Gotransverse in Forbes: Unlocking New Profits with Billing Mediation
Recurring revenue models have become mission-critical for businesses looking to drive growth. And yet, these models lead to more complex billing needs as producing invoices requires converting consumption and service rates into dollars owed. As a result, MGI Research notes, 70% of organizations report that data challenges are the primary reason their billing projects fail. Why is that? According to Gotransverse founder and CEO James Messer, “Many of these same organizations deal with the proble…
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Jul 27, 2022
Product Insights
How Agile Is Your Billing System? Can Your Platform Handle Complex Business Models?
Complex billing models have become a matter of course for growing B2B and B2C businesses looking to stay ahead of the competition and maximize customer value and revenue. However, with complex billing models come complex system needs. Traditional and legacy billing platforms tend to shudder and balk when asked to handle high volumes of usage-based transactions. Overall, these systems are built for rapid growth or complex processes.
Unfortunately, it's not just legacy systems that can pose a pr…
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Jul 12, 2022
Thought Leadership
The Rise of the Subscription Economy
Dating back to the Industrial Revolution, when technological advances enabled companies to churn out products faster (and more cheaply) than ever before, our consumer culture has been very transaction-based. If we needed something, we bought it. When it broke or ran out, we replaced it. Businesses sold things, and customers bought them. Subscription models—paying a periodic fee for access to goods or services—were traditionally limited to newspapers and magazines.
However, over the last decade…
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Jul 05, 2022
Thought Leadership
9 Ways to Bill for Consumption: Gotransverse’s Usage-Based Billing Models Explained
When a business has decided to implement consumption - or usage-based billing models and is on the hunt for a vendor to partner with them in the effort - one of the most important questions is which types of usage-based models they support. After all, variety makes these models so powerful for businesses looking for customizable ways to meet customers’ unique and changing needs. Still, not all "usage-based" systems are equipped to handle the full breadth of these models.
Through real-time ratin…
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