Supports multiple billing cycles for multiple groups across geographies
Xelerate®’s Billing supports multiple billing cycles, whether monthly, bi-monthly, quarterly or annually. The charges collected can be pro-rated based on the number of days. It facilitates the creation and management of different discount schemes in the form of volume-based discount plans, product bundles, package schemes and specific customer commissions.
Xelerate® also supports group creation facilitates for parallel processing of billing schedules, thus distributing the invoice processing load. It also supports diverse tax structure definitions or schemes as tax regulations vary across industries and geographies. The system can interface with third party systems for tax computation and compliance.
The technology-agnostic system is highly adaptable
The transaction-driven system is highly adaptable and can be configured to run on multiple operating systems. The solution is easily integrated alongside legacy systems to ensure speed of launch, cutting down on disruption to billing processes.
Xelerate’s Billing uses a technology-agnostic, bottom-up service-oriented architecture (SOA) that allows seamless integration with any legacy system to provide centralised billing. It enhances customer management and improves customer retention. It also improves financial performance by addressing revenue leakage and optimising revenue management processes.
Critical features of Xelerate® functionality are:
- Hot billing or ‘single billing’ facilitates invoice generation on demand when required
- Periodic billing allows accounts to be billed at predefined intervals as desired by the client
- Intermediate billing when high transactions results in large invoice amounts
- Manual billing for organisations to generate invoices for one-time customer purchases
- Support for currency conversion for invoicing when there are multiple countries/currencies involved
- support for invoice reversal, correction and re-execution in case of any disputes or any other scenarios required this feature
- support for bill generation at account, customer and product levels based on the requirement
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