If you are in the market for billing software, you know it’s an environment full of different terminology used to describe related ideas. Billing. Invoicing. Subscription Management. Recurring Revenue Management. And, our personal favorite – Monetization. All this terminology confusion can make it difficult to sort through what vendors are trying to sell you and, more importantly, what a particular solution will deliver.
The terms billing and monetization are both broadly used
to describe the process of selling products and services
and collecting associated revenue. And while terms are
used interchangeably, billing and monetization have different meanings. It’s important to understand the distinction between these terms to accurately diagnose potential
billing issues and choose the right kind of solution for your
business.
— Andy Morgan, Finance Director, SDL Plc
— Andy Morgan, Finance Director, SDL Plc
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