- Dunning Management
- Payment Reminders
- Payment Processing
- Project Billing
- Customer Portal
Streamline billing, maximize profits.
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Zenskar is a New York-based Quote-to-cash platform that can automate complex subscription & usage-based billing, manage receivables, provide analytics, set up flexible revenue recognition workflows, and automate usage data metering. Zenskar helps creative sales teams stay creative with pricing/contracts while ... Read More
Dunning Management is a crucial feature of software that helps businesses effectively handle recurring payments and overdue accounts. It streamlines the process of tracking and collecting payments, reducing the workload for the finance department and ensuring timely and accurate cash flow management. With Dunning Management, businesses can set up automated reminders and notifications to their customers regarding upcoming payments or overdue bills. These reminders can be personalized and sent through various channels such as email, SMS, or even in-app notifications. This not only saves time and effort
Payment Reminders is a convenient feature that allows users to set up automated reminders for overdue payments. This feature is designed to help individuals and businesses keep track of their outstanding payments and ensure timely payment from their clients or customers. With Payment Reminders, users can easily create customizable reminders for each payment that needs to be made. This includes setting up the frequency of reminders, selecting the preferred mode of communication (such as email, text message, or in-app notification), and specifying the due date and amount
Payment Processing is defined as providing a Person with the ability to charge or debit accounts using any payment mechanism, including but not limited to Remotely Created Payment Orders, Remotely Created Checks, ACH Debits, or debit, credit, prepaid, or stored value cards, either directly or indirectly. Payment Processing entails, among other things: (a) reviewing and approving merchant applications for payment processing services; (b) providing the means for merchants to transmit sales transaction data to acquiring banks or other financial institutions; (c) clearing, settling, or distributing proceeds of sales transactions from acquiring banks or financial institutions to merchants; or (d) processing Charitable Contributions.
The final ingredient in improving the profitability of your projects is project billing, which is the ability to swiftly produce bills based on project data and design billing schedules that satisfy your customers' requests. You can select between two primary project billing methods for projects and tasks: charging a flat price or billing by the hour. Whatever project billing method you choose, you'll need to calculate your expected income, which is the amount of money you'll need to pay your bills, cover the cost of your work materials and software, pay taxes and insurance, but also make a profit and reach your target annual salary.
A customer portal is a website that allows current customers to access services and information. It's usually safe and confidential, and it requires authentication. Account information, payment details, case data, account history, downloadable digital files, access to support mechanisms, and the ability for customers to post information may all be found there. A customer portal is a digital information hub and exchange mechanism between a corporation or organization and its customers. Customer portals are critical to customer service since today's customers anticipate some self-service capabilities. They are becoming more tech-savvy and capable of doing independent information searches. In general, they have high expectations for customer service.
An audit trail is a step-by-step sequential record that offers evidence of a financial transaction's documented history back to its source. With the use of the audit trail, an auditor can track the financial data of a specific transaction from the general ledger to its source document. Audit Trail is a live record of changes on your site – it keeps a log of everything that’s ever happened. Any changes made to properties, taxonomies, terms or users will automatically be recorded in the audit trail table. This includes the changes which are not visible to the end user: updating unpublished post or pages, deleting archived items, editing user profiles, etc.
A client portal is a software that allows your company to share digital files, information, and services with customers. For example, it will enable you to share and receive documents, instructions, project specs, invoices, mockups, and other forms of data quickly and easily. Most internet users expect an easy and fast way to get in touch with businesses. This has never been more true than today when most people use their mobile phones to get information. The need has never been greater for web-based client portals as your clients strive to get work done anywhere, at any time, on any device.
Billing and invoicing software is a powerful tool that automates the process of generating invoices and managing billing for businesses of all sizes. It simplifies the complex process of tracking transactions, calculating fees, and collecting payments, making it an indispensable solution for companies in various industries. One of the main features of billing and invoicing software is its ability to create accurate and professional-looking invoices. Companies can easily customize the layout, branding, and content of their invoices to meet their specific needs. This not only
A self-service portal is a website or app that enables workers (or external clients for externally visible support providers) to help themselves when they require assistance, information, or a service. It's one of several ways to give folks who need help self-service, self-help, and, ideally, self-care skills, with that help often requiring no interaction from support professionals. A self-service portal is a wonderful way to save time and money by expediting frequent service requests. Self-service portals also allow up service employees to work on more complex issues or develop new products that will help the company expand.
Transaction history is a feature commonly found in software applications that allows users to view a record of all the transactions that have been made within the system. This feature provides a detailed account of each transaction, including the transaction date and time, the parties involved, and the amount or value of the transaction. One of the main benefits of transaction history is its ability to provide users with a comprehensive overview of their financial activities. This is particularly useful for businesses and individuals who need to keep track of their expenses and
Revenue recognition is a generally accepted accounting standard (GAAP) that identifies and accounts for the exact criteria under which revenue is recognized. The revenue recognition principle, which is a component of accrual accounting, states that revenues should be recognized on the income statement in the period in which they are realized and generated rather than when cash is received. When evaluating line items on the income statement, having a uniform revenue recognition rule helps to ensure that an apples-to-apples comparison can be made between organizations. To assess and review historical financials for seasonal trends or discrepancies, revenue recognition principles inside a corporation should also remain consistent over time.
Revenue Management is a key feature in many software applications that helps organizations to optimize their revenue streams. This feature allows businesses to forecast, analyze, and optimize their pricing and inventory strategies to maximize profits. By leveraging data and analytics, businesses can make informed decisions about pricing, promotions, and product availability to drive revenue growth. One of the main functions of Revenue Management is demand forecasting. This involves using historical data to predict future demand for products or services. By accurately forecasting demand, businesses can adjust their pricing
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Zenskar is a New York-based Quote-to-cash platform that can automate complex subscription & usage-based billing, manage receivables, provide analytics, set up flexible revenue recognition workflows, and automate usage data metering. Zenskar helps creative sales teams stay creative with pricing/contracts while not making it difficult for finance teams!
Disclaimer: This research has been collated from a variety of authoritative sources. We welcome your feedback at [email protected].
Researched by Rajat Gupta