Companies that want to offer a recurring revenue model are faced with supplementing their business processes – or changing them entirely. A strong service orientation and organization are just as important as changes in sales, billing, and bookkeeping. Choosing the right IT system is a prerequisite. You have to learn how to handle flexible billing models that fit the needs of customers. Monitoring is required in order to not only offer customers monthly billing, but billing according to the actual use of the machine or system. An ERP for recurring revenue will provide all the functionality you need to best support the way you do business.
Most ERP systems are built for transactional business, but with Sycor's Recurring Revenue Management software, you get a solution built specifically for the processes of your business model.
Ability to bill upon delivery or at the beginning or end of every month, flexible recurring pricing, such as monthly, 28 day, daily, etc., set up invoice matrices for customers to ensure best pricing, and ability to charge customers based off of time or usage
Integrate with your CRM system so customer feedback can be used to adapt orders based on changing customer wishes and requirements