Subscription Billing for SAAS-based Software Companies is Easy with Microsoft Dynamics GP

 The transition to Software as a Service (SAAS) business models presents a challenge for finance and IT departments in the ability for their ERP system to accommodate recurring billing and other needs.  Microsoft Dynamics^® GP for software companies offers the flexibility and functionality needed by any company offering SAAS. 

 Here is a summary of the common elements needed for successful subscription billing and how Microsoft Dynamics GP can help:

1. Automated Recurring Billing — With Microsoft Dynamics GP, a customer can be set up with a recurring order under multiple frequencies.  In addition, there are options for setting up contracts.  Finally, a proprietary transactional system can feed Microsoft Dynamics GP for billing.
2. Scalable Invoice and Customer Statement email — Customers of SAAS offerings expect electronic invoices to be received via email.  Microsoft Dynamics GP does this out of the box and can scale to thousands of transactions.
3. Integrated Credit Card & ACH Processing — Electronic payment methods are standard for SAAS-based subscriptions.  Microsoft Dynamics GP offers an end-to-end solution where credit cards and ACH payments are processed within the system.
4. Revenue Recognition Functionality — With your billing data readily available you can manage your revenue recognition rules within Microsoft Dynamics GP and have accurate business reporting and audit trails.
5. SAAS specific Key Performance Indicators — Recurring revenue metrics are critical to a subscription business model.  With your recurring billing information housed in Microsoft Dynamics GP, the ability to visually report on MRR (monthly recurring revenue) and CMRR (committed monthly recurring revenue) is possible.

 Learn more and discover best practices for your subscription billing system by reading the 8 Key Elements Of A Successful Subscription Billing System white paper.  Contact The Resource Group to discuss automating your subscription billing processes.

By Brady Curtis, The Resource Group – Seattle, Washington Microsoft Dynamics GP Partner