Everybody is probably making a few automatic payments through time, some of you each month. Just think about your monthly Netflix subscription payments or a gym membership. Yes, these are the real examples of recurring payments. In today’s world, the subscription model continues to grow in popularity. Due to the steady cash flow and other…
DetailsIn the past few years, revenue recognition has become a hot topic. You might hear of it, and you know you need to follow it, but you aren’t exactly sure what it is… No worry, this article will help you understand the basic concepts of revenue recognition, along with its principles and rules for recognizing…
DetailsOkay, you likely understand something about ASC 606, or else you wouldn’t be reading this article. But, on the other hand, you might not have a complete grasp of Accounting Standards Codification (ASC) 606, or you might have had considerable exposure to it since its implementation. Either way, you must understand the implications of ASC…
DetailsAs more and more people are striving towards a more sustainable lifestyle and contributing to a cleaner planet, electric vehicles (with EV software) are also becoming more widespread. Plug-and-charge EVs use electricity for fuel, and therefore, reduce emissions and end up saving you money. Just like smartphones, EVs can be plugged in and charged when…
DetailsAt Tridens, we continuously strive towards making EV charging more convenient for all those involved, from Charge Point Operators (CPO), e-Mobility Service Providers (EMP) to EV drivers. What Do Plug and Charge Mean? The term “Plug and Go” refers to an EV charging management system which enables EV drivers to pull up alongside an EV…
DetailsMore and more companies are now embracing event-based billing, and this is good news for consumers. With this type of monetization, customers are no longer bound by subscription deals and confined within the limits of fixed service plans. We all know about subscription billing because we see it being utilized by various companies offering a…
DetailsEarly this year, Kyle Poyar claimed boldly over TechCrunch: subscription-based model is dead. Usage-based billing is taking over. He isn’t alone. Deloitte also published what sounds like a glowing review of the popularity of metered billing not only among software-as-a-service platforms but also in traditional industries – from healthcare to car insurance. Moreover, a global…
DetailsWhile many subscription suppliers search for an increase in their resource offerings’ capabilities, the majority of the subscription suppliers are searching to monetize the utilization factor so that the consumer commitment and worth can be increased. This factor is selling the specified amount of the transaction like downloads, calls, data, or SMS. Instead of fixing…
DetailsSalesforce Billing and other billing solutions make our life easier when keeping track of the customer’s balances and issuing invoices. When you are charging for one-time fees, recurring fees, or usage-based products on a more extensive customer base, things could quickly get out of hand if you don’t have a capable billing solution. Salesforce Billing…
DetailsSalesforce CPQ, or CPQ in general, is a term that many people have likely heard before on numerous occasions when searching for ways to improve their company’s sales process. All companies that offer any service, especially in the B2B context, typically have sales teams working very hard to find new leads and onboard them as…
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