360 Subscription Billing

360 Subscription Billing by 360 Cloud Solutions is a built-for-NetSuite native app that automates recurring and subscription billing in NetSuite. Formerly 360 Contract Billing, this solution assists with all types of contract scenarios such as recurring invoices, electronic payments, and subscription renewals.

The greatest benefit of 360 Subscription Billing is the connection to NetSuite, as all data is kept within one system for easier end-to-end processing. It allows all the data collected from recurring and subscription bills to be added directly to the analytics of NetSuite’s business intelligence tools.

Video Overview

Features

• High Volume Processing: Process over 300,000 records in a single execution.
• Electronic Payments: Automate electronic payments for your subscription invoices to ensure processes are transparent, easy, secure, and compliant within NetSuite.
• Automated Communications: Designate which contacts should receive recurring invoices and notifications via email.
• Automated Renewals: Automated renewals increase retention, sustain revenue, and reduce manual administrative labor; approve a renewal transaction for an additional term, with new start and end dates, billing frequency, and amount.
• Automated Revenue Recognition: Integration with NetSuite Advanced Revenue Management means instant synchronization of accounting data.
• Compliant Subscription Changes: Enable annual CPI rate increase, a temporary promotion, or an upsell to increase MRR/ARR.
• Flexible Billing Terms: Offer flexible contract start dates, billing dates, and end dates; co-term contract bill and end dates.
• Device, Site, and Asset Tracking: Track customer-specific data throughout the subscription lifecycle and provide invoicing detail, provisioning or support linkage, warranty/return claim references, and more on smart devices.
• Fulfillment-Driven Terms: Ensure customers get what they pay for and that bundled elements stay in sync; automatically sync to NetSuite product or service fulfillments with subscription billing and revenue terms.
• Consolidate or Split Invoices: Provide consolidated or split invoices based on what customers want them and to configure contract-by-contract.
• Usage Charges and Rating: Include subscription-related usage charges with your contracts and invoices; enable usage rating by contract to calculate the amount to invoice across quantity tiers.

These features are all in addition to whatever modules NetSuite has to offer.

Fixed Pricing

360 Subscription Billing offers fixed pricing based on the number of invoices sent per year. Request pricing information to get more specifics.

360 Subscription Billing is also built to grow. The platform is easily expandable and customizable to fit evolving business processes.

Does 360 Subscription Billing require NetSuite to work?

Yes, 360 Subscription Billing requires NetSuite to work as it is a Native SuiteApp.