Things Your CFO Can’t Overlook Moving to the Usage-based Economy
Layoffs of key staff, needing to do more with less, pressures around growing profitably, attracting new customers and reducing churn, all while remaining accurate and compliant.
Increasingly, customers, CEO’s and investors are seeing the value in consumption-based billing to fill the gap. CFOs are being tasked with leading their organizations into the digital economy by focusing on the transformation to usage or consumption charging, while solving for scalability of billing and taxes with automation.
Key Challenges
- Bundled products and services offer a competitive advantage but create tax calculation challenges that tie back to the components of the bundle.
- It is difficult to manage ASC-606 revenue recognition and tax implications for products that combine advanced payment and usage.
- Manual processes put into place to deal with exceptions created from usage and consumption billing are not scalable as demand dis-aggregates from centralized purchasing.
- With digital transformation globalization of products and services, and their related taxes, must be addressed.
Tune in to hear from BluLogix Chief Strategy Officer Tim Cook and Brent Reeves, Co-Founder and CRO of CereTax as they highlight the top five areas that CFOs cannot overlook when adopting consumption billing, including:
- The importance of end-to-end process automation
- Taxation and the changing rules around consumption billing
- Maximizing your pricing options, including multi-attribution consumption billing models for real time and dynamic pricing
- Changing models for Forecasting, RevRec, GL Hierarchy, and Margin Analysis
- Channels and compensation
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“It’s been great working with BluLogix on our project. They’ve been brilliant in making it easy to capture our thoughts and requirements.”
— Andy Morgan, Finance Director, SDL Plc
“It’s been great working with BluLogix on our project.
They’ve been brilliant in making it easy to capture our
thoughts and requirements.”
— Andy Morgan, Finance Director, SDL Plc
