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.
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