June 18, 2014 by Chris Buehler
SAN MATEO, Calif. – June 18, 2014 – Apttus, the category-defining Quote-to-Cash solution provider, today announced the launch of Billing Management, the most recent addition to its Revenue Management suite. Only the Apttus Revenue Management suite creates invoices that cover the entire billing process, integrating with any vertical, any pricing model and any business. Accordingly, the suite excels equally at handling one-off transactions, subscription services and limited use cases.
This universal utility is accomplished by leveraging the Salesforce platform to create customer experiences that extend through the entire Quote-to-Cash process, including Configure Price Quote, Contract Management and Revenue Management. Invoices generated by Apttus’ billing solution create a complete picture for customers across the enterprise, accurately reflecting their latest orders, commitments and installed products. As a result, billing functions as a complement to go-to-market strategies, rather than dictating them.
Benefits of Apttus Billing Solution:
- Clear communication and visibility across the enterprise through the Salesforce1 platform, creating invoices that support any product, any business, any system and any country
- Integration with quotes and contracts, ensuring that invoices, rebates and revenue schedules match with customer, partner and regulator expectations
- Ensuring customers easily understand and agree with invoices, creating numbers everyone in the enterprise can agree upon
- Access to invoice data for manipulation and analysis
- Equal effectiveness for both subscription services and one-time payments
“The addition of Billing Management to the industry leading Configure Price Quote (CPQ) and Contract Lifecycle Management (CLM) products makes Apttus a powerhouse in the Quote-to-Cash business process,” said John Banks, vice president of product management at Apttus. “Our customers have been asking for an intuitive, easy to use billing solution that supports any vertical, any pricing model for any business; while still complementing their existing Enterprise Resource Planning (ERP) systems. This customer input drove the creation of Apttus Billing Management and we are proud to deliver the world’s only end-to-end Quote-to-Cash solution built 100 percent on Salesforce.com.”
The Apttus Revenue Management suite also provides insight into the fiscal structure of contracts, enabling the creation of accurate and timely orders and revenue programs. The suite is proven to reduce revenue leakage, lower Days Sales Outstanding (DSO) and improve fiscal compliance, all while featuring the accessibility and communication benefits of being completely embedded on the Salesforce platform. The suite’s Revenue Recognition capability also allows organizations to set up any type of revenue schedule (including fees, advances, prepays and more) as well as manage renewals and rebates. More information about the Apttus Revenue Management suite can be found here.
“Incorporating Apttus’ billing solution and revenue management is an opportunity to transform our business and our quote-to-cash process,” said David Muse, president of inthinc. “After looking at other solutions, we found Apttus to be the only solution that met our need to deliver a high end customer experience for rapid and accurate billing of products, subscriptions and services.”
Apttus, the category-defining Quote-to-Cash software company, drives the vital business process between the buyer’s interest in a purchase and the realization of revenue. Apttus is delivered on the Salesforce1 Platform, the world’s most trusted and comprehensive cloud delivery infrastructure. Applications include Configure Price Quote (CPQ), Renewals, Contract Management and Revenue Management. Additionally, Apttus’ patent pending X-Author technology enables Microsoft Office to be a user-interface with full interaction and control between Salesforce and Microsoft Office. Apttus is based in San Mateo, California, with additional offices in London, UK, Bozeman, Montana and Ahmedabad, India. For more information visit: apttus.com.
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This news release contains forward-looking statements that reflect the Company’s expectations with regard to future events. Actual events could differ from those anticipated in this document.