FinOps Foundation

DECEMBER 11, 2024

FinOps Practitioners can use this sandbox to run SQL queries on actual (anonymized) FOCUS billing data to gain a clear understanding of what FOCUS data looks like, and the real-world insights it yields. The FinOps Open Cost and Usage Specification (FOCUS ) is an open-source technical specification for cloud cost and usage billing data.

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FinOps FinOps Billing Financial Operations 130

Xero

AUGUST 30, 2022

Recurring revenue business models can range from regular billing such as subscriptions, retainers and instalments, to invoicing the same customers multiple times over the year. Recurring billing models are growing fast, driven by a rise in subscription-based services, plus the shift to online billing amplified by the global pandemic.

XERO 246

XERO Collections Billing Invoicing 246

Xero

AUGUST 7, 2024

Event Partner+ Bill BILL for Xero is a simple bill payment solution made to eliminate double entry and piles of paperwork. BILL allows you to automate accounts payable and accounts receivable processes, while directly syncing all payment actions back to Xero for you.

XERO 229

XERO Collections Billing Accounts Payable 229

Billing Platform

JUNE 20, 2024

Enterprise billing refers to an advanced and sophisticated system designed to meet the complexities of large-scale businesses across all billing processes like invoicing, payment processing, dunning, collections, revenue recognition, taxation, credits and refunds, etc.

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Billing General Ledger Collections Invoicing 96

FinOps Foundation

NOVEMBER 22, 2024

Collectively, these panelists have dedicated thousands of hours to the development of the FOCUS Specification, and so they came to the stage to share stories from the trenches with all of us.

FinOps 130

FinOps FinOps Billing Reconciling 130

Billing Platform

DECEMBER 2, 2024

Similar to usage-based and consumption-based billing , metered billing is based on actual usage of a product or service, providing a transparent approach to billing. And when it comes to metered billing benefits, this popular billing model certainly doesnt fall short.

Billing 98

Billing Collections Budgeting Auditing 98

Invoicera

MARCH 28, 2025

However, all that potential rests on one crucial engine: Your subscription billing management. Managing a subscription billing checklist is a lot different than just charging the customer. It is about planning and executing, and you need a system for setting up, collecting payments, upgrading, downgrading, and canceling.

Billing 40

Billing Invoicing Tax Accounting Software 40

Billing Platform

DECEMBER 3, 2023

So whether you’re a small and medium-sized business (SMB) or a large enterprise, one thing is certain – collecting unpaid debt is time-consuming and filled with challenges. This is where a debt management and collections system can help keep your revenue flowing. And the benefits don’t end there.

Collections 96

Collections AR Invoicing Account Receivables 96

Gaviti

JUNE 19, 2023

Effective communication is the most critical aspect of any A/R collections strategy. But how do you create outstanding invoices and follow-up notices that convert bills into cash? Even so, there are some basics you can apply across most templates you may use for collections. Use straightforward language and avoid jargon.

Collections 98

Collections Invoicing Accounts Receivable Account Receivables 98

Xero

NOVEMBER 15, 2022

Having long payment collection periods increases bad debts and can lead to cash flow challenges. Kolleno – Recover overdue balances with automated invoice chasing and one-click payment collection via a simple digital payment platform. Ideal for businesses that bill their customers on a recurring basis. Getting paid quickly.

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XERO Bank Reconciliation Invoicing Collections 246

Invoicera

JANUARY 22, 2025

Enter automated recurring billing – a transformative solution that streamlines payment collection, time management, and cash flow operations. What is Automated Recurring Billing? Upon completion of a month, automated recurring billing allows their cards or accounts to be automatically charged on a predetermined date.

Billing 40

Billing Invoicing Collections Customer Service 40

Billing Platform

OCTOBER 28, 2024

With so many different billing models available, it’s not uncommon for us to hear the question: what is usage-based billing? Simply put, usage-based billing allows users to pay only for what they use – no more, no less. Usage-based billing is certainly not a new pricing model. Explaining: What is Usage-Based Billing?

Billing 96

Billing Computation Invoicing Reconciling 96

Billing Platform

NOVEMBER 17, 2024

What youre probably discovering is that the spreadsheets and manual effort used to track software usage and bill customers is no longer sufficient. Now you need to tackle one of the most important software purchases youll ever make billing. When Billing Goes Awry? Poor billing experiences can lead to a loss in revenue.

Billing 86

Billing Invoicing Collections Accounting 86

Billing Platform

DECEMBER 23, 2024

In an industry thats in a constant state of flux, meeting changing customer preferences requires robust subscription billing management software one that provides the agility and scalability that allows you to quickly and easily adjust to market changes and customer requirements without the cost of custom development.

Billing 81

Billing Collections Invoicing Tax 81

Billing Platform

NOVEMBER 15, 2023

While the terms are typically used interchangeably, there are a few subtle differences between usage-based billing and metered billing – the most significant being in how charges are calculated. Usage-based billing calculates charges based on how much of a product or service is used. per active user/per month when paid monthly.

Billing 96

Billing Collections Customer Service Invoicing 96

Xero

AUGUST 16, 2022

Easily collect invoice payments directly from your customers’ bank accounts using ACH Debit and real-time payments. Xero partners with Stripe to power subscription billing, invoicing, and more to help customers get paid faster and streamline recurring payments. You can give the Gusto app a try from the Xero App Store. GoCardless.

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XERO Invoicing Collections Billing 242

Xero

APRIL 16, 2023

It automatically extracts data line-by-line from supplier bills or purchase orders and integrates them directly into the approvals workflow, eliminating manual data entry. To make things easier, you can search for apps tailored to your needs by function, industry, and collection – all to make FY24 your best (and most efficient) year yet.

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XERO Purchase Order Data Entry Payroll 243

Xero

AUGUST 14, 2024

Coming soon] BILL beta [US]: Xero’s upcoming embedded bill payment feature, powered by BILL, will let your clients pay vendors directly within Xero using ACH transfer, credit/debit cards, or checks. Being able to make and collect payments without leaving Xero is a powerful tool for your clients.

XERO 246

XERO 1099 Preparation General Ledger Bank Reconciliation 246

Gaviti

APRIL 18, 2023

This blog post will explore various strategies that finance and collections teams can adopt to better handle issues that might arise from these recent unyielding interest rate increases. Ensure that your collections team has the necessary resources and tools to collect outstanding receivables and manage cash flow effectively.

Collections 97

Collections Accounts Receivable Accounts Receivable Account Receivables 97

Xero

FEBRUARY 26, 2024

If you’re doing data-entry manually, Hubdoc can help you capture data from bills, receipts, and statements more efficiently. Dext Prepare can automatically collect your bills and invoices from a huge range of supplier websites, storage and document management tools, or email inboxes.

XERO 264

XERO Data Entry Billing Invoicing 264

Gaviti

APRIL 22, 2025

Reduce Days Sales Outstanding (DSO): Objective: Decrease the average number of days it takes to collect payments, thereby improving cash flow. Efficient Collection Processes: Streamlined invoicing and follow-up procedures leading to quicker payments. Transparent Billing: Clearly itemize charges to avoid confusion and build trust.

Accounts Receivable 52

Accounts Receivable Account Receivables Accounts Receivable Collections 52

Gaviti

JANUARY 16, 2023

As a collections team, mailing dunning emails and collecting receivables from customers are routine tasks. By applying these same principles to your collections workflows, you can improve your cash flow and reduce your Days Sales Outstanding (DSO). But how can you ensure that you are using the most effective workflow possible?

Collections 98

Collections Accounts Receivable Account Receivables Accounts Receivable 98

Xero

SEPTEMBER 13, 2023

Energy efficiency across your business Are you looking to invest in any areas of your business to reduce your footprint and energy bills? By using less energy, you may even save on your power bills. Your national, state or local government may have some resources and support available on this topic.

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XERO Billing Collections 263

Xero

AUGUST 7, 2023

More than 10 million people use Expensify’s free features, which include corporate cards, expense tracking, next-day reimbursement, invoicing, bill pay, and travel booking in one app. GoCardless GoCardless puts you in control of collecting payments directly from your customers.

XERO 246

XERO Invoicing Bookkeeping Account Bookkeeping 246

Xero

AUGUST 22, 2023

Short-term cash flow in Xero Analytics Plus now includes predictions for recurring invoice and bill payments, giving small businesses a clearer picture of their potential future cash flow. Businesses can choose to include future invoice and bill payments, collectively or individually, within their cash flow forecast.

XERO 246

XERO Bank Reconciliation Data Entry Payroll 246

FinOps Foundation

FEBRUARY 22, 2024

State of FinOps Survey The State of FinOps is an annual survey conducted by the FinOps Foundation since 2020 to collect information about key priorities, industry trends, and the direction of the FinOps practice. The State of FinOps survey is conducted with a continuous collection model, meaning it is open year round.

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FinOps FinOps Computation Collections 331

RevCycle

APRIL 25, 2024

While Artificial Intelligence (AI) is making waves in the debt collection industry, this paper argues that a human-centric approach focused on empathy, understanding, and flexible solutions can achieve higher netback for healthcare providers while treating patients with dignity and respect.

Collections 73

Collections Revenue Cycle Billing 73

Accounting Department

APRIL 25, 2023

Not all business owners are well versed in invoicing clients, collecting payments, tracking payments, or other bookkeeping tasks - and that's okay.

Invoicing 246

Invoicing Collections Bookkeeping Accounts Receivable 246

Compleatable

MARCH 6, 2025

Collection, digitization, verification, coding and approval of Invoices and Bills improves finance efficiency by up to 95%. Revenue Cycle Management : Streamline billing and collections processes to ensure timely payments from residents, insurance companies, and government programs.

Accounting 100

Accounting Accounting Revenue Cycle Management Revenue Cycle 100

Xero

OCTOBER 18, 2022

Some of the top visited functions include invoicing and jobs , bills and expenses , time tracking , reporting and inventory management. Collections: There are also some special app collections that might help you make a speedier shortlist, including ‘ Staff picks ’, a collection of popular apps that have been hand-picked by the Xero team.

XERO 238

XERO Collections Billing Invoicing 238

Gaviti

FEBRUARY 4, 2025

With increased interest rates and inflation, businesses are facing increasing pressure to collect cash faster. In 2025, successful businesses will: Analyze payment trends to refine credit terms and collection strategies. Many traditional KPIs, like DSO, are not always a good indicator of collection success.

Accounts Receivable 59

Accounts Receivable Account Receivables Accounts Receivable AR 59

Invoicera

NOVEMBER 13, 2024

Billing for legal services isn’t as glamorous as arguing in court, but it’s certainly essential. As shown in the most recent Legal Trends Report , the average lawyer billed just 2.9 Is it a lack of time, inefficient billing systems, or just too many distractions? What Challenges Do Legal Firms Face in Billing?

Invoicing 52

Invoicing Billing Collections AR 52

Billing Platform

NOVEMBER 21, 2024

For instance, if a companys receivables are being collected slower than normal, this can signal a warning that the business may be in a downturn or that the company is taking on greater credit risk in its sales process. Comments: These notes detail specifics of collection efforts, payment agreements, and other relevant information.

Accounts Receivable 106

Accounts Receivable Account Receivables Accounts Receivable AR 106

Billing Platform

SEPTEMBER 20, 2024

Popular among software-as-a-service (SaaS) organizations, billing consolidation is a methodology that merges multiple transactions or subscriptions into a single invoice. It’s also referred to as consolidated invoicing, consolidated subscription billing, and consolidated billing in SaaS.

Billing 69

Billing Invoicing Invoice Processing Financial Reporting 69

Xero

SEPTEMBER 8, 2022

They get some new customers, and collect some bitcoin, and then think nothing further about it. traditional) currency so that they can pay other bills. Knowledge-sharing collective Accountants On-Chain is onboarding accountants into these technologies with regular online events. This is not just the domain of tax advisers.

XERO 264

XERO Computation Collections Tax 264

Xero

JULY 6, 2022

This makes it easy to collect both recurring and one-off invoice payments directly from customers’ bank accounts through direct debit and open banking. More than 12 million people use Expensify’s free features, which include corporate cards, expense tracking, next-day reimbursement, invoicing, bill pay, and travel booking in one app.

XERO 246

XERO Invoicing Collections Accounts Payable 246

Xero

DECEMBER 1, 2022

Receive bills and payments. Collect, hold and send funds from your account while avoiding FX fees. . If you’re on Xero’s Ultimate Plan or Premium plan, you’ll have our Multi-Currency function already included, so you can do business in 160 different currencies. You can use it to: Send invoices, quotes and purchase orders.

XERO 264

XERO Reconciling Purchase Order Invoicing 264