enterprise cloud billing - enabler of business innovation
DESCRIPTION
A new survey by Cerillion Technologies has revealed a shift in how businesses are changing their pricing strategies. A ‘subscription revolution’ and a growing need to provide more flexible pricing models is changing the way we do business.TRANSCRIPT
Enabler of Business Innovation
Survey finds that widespread use of inflexiblebilling models is a brake on business agility
53% of companies across a broad range of industryverticals use either an in-house developedsystem or manual billing processes
This is worrying because our surveyshows a new pricing structure isemerging – as the subscriptionrevolution is gathering pace
84% one-off product salesof organisations offer
51% in the futureThis proportion
is set to fall to
38% of organisations
Recurringsubscriptionsare currently used by
41% in the futureset to rise to
32% today
Pay-per-use/ usage-based strategies areexpected to rise from
35% in the futureto
New pricing initiatives that support recurringrevenue are rising steadily in popularity
Companies require a change in business modelto produce predictable, repeatable revenuestreams – and the market needs to respond
Solution is enterprise-class cloud billing. It is currently small but growing fast;
4%Just of respondents are using a cloud-
based system or software-as-a-service approach today 11% are using a
managed service
A further
Pricing flexibility is the answer
A new survey by Cerillion Technologies has revealed a shift in howbusinesses are changing their pricing strategies.A ‘subscriptionrevolution’ and a growing need to provide more flexible pricing
models is changing the way we do business.
Why are people looking to cloud billingsolutions? ?
85% 31%of large enterprisessay cost savingsdrive adoption
of companies sayaccessibility of billinginformation is key
Insurance Banking & FinanceTelecoms
Cerillion Skyline is a new cloud billing solution basedon Cerillion’s heritage of more than 20 years’enterprise billing experience, helping businessesembrace the rise of the digital economy
29%
19%
19%
14%
Billing expertise and track record
Excellent customer service
Industry-specific knowledge
Financial stability
What do the industry verticals think?
Businesses want access to their billing informationat any time, on any device
64% 60% 56%
www.cerillionskyline.com
What is the most important vendor attribute?