Billing Reconciliation
You finish running your billing. You wonder if you imported all of the new services or if you made needed changes to the rate plans or if you applied any accidental changes to billing parameters that adversely affected your billing.
Leverage our ground-breaking Billing Reconciliation process, built right into SpryBill billing workflow, to compare and contrast your current billing with previous billing and ensure accuracy and consistency. Send out your invoices with total confidence.
Part of Billing Workflow
Our implementation of Billing Reconciliation is not passive reporting but a comprehensive set of dynamic tools that allow you to slice the billing data from 26 different angles or point of views. The Billing Reconciliation feature will not only clearly highlight all discrepancies between the two billing periods, but also help pinpoint the source of the discrepancies. You can answer questions like these with a click of a button.
- List new customers, departments, services, products, usage groups or tax types that were billed in current billing but were not billed in previous billing.
- List missing customers, departments, services, products, usage groups or tax types that do not appear in current billing but were billed in previous billing.
- List customers where invoice amounts vary between the billing periods by more than a certain percentage or a certain dollar amount.
- List products where the total product revenue or total quantity varies between the billing periods by more than a certain percentage or a certain dollar amount.
- List tax types where the total tax amount varies between the billing periods by more than a certain percentage or a certain dollar amount.
This is just a sample of the questions that can get answered by Billing Reconciliation. You can string these queries together to dig deeper and deeper to the crux of any billing issues.
Granular Scope
You can start at a high level, reconciling counts (invoices, products, calls, minutes etc.) between the two billing periods and continue to dig into areas of interest with simple clicks. Compare and isolate billing data to a granular level, whether it be customer, department, service, invoice, debit memo, late fee, product, or usage group. Even compare tax data and pinpoint differences to a single tax type.
Advanced Analytics
Leverage Billing Reconciliation to compare/analyze revenue between any two billing periods not just the current and previous. You can also choose billing periods of any duration. For example, you can reconcile revenue between any of the following:
- Current month vs. previous month
- Current quarter vs. previous quarter
- Current year vs. previous year
- Current month vs. the same month of last year
- Current quarter vs. the same quarter of last year
It opens up a whole new area of analytics for you to leverage upon and make informed decisions.
Testimonials
I use Billing Reconciliation feature every month and I really like it.
SpryBill - Sneak Peek
