Best Cloud Billing Management Tools for 2022

  -  Advantages of Cloud Billing Management Tool operator?

Should not have to always log on to the billing system to see if there are any errors, alerts or notifications. They should be notified via emails, error tickets and the like.

  -  What integrations does the billing system provide with the rest of the billing Ecosystem?

A billing system should integrate with the rest of the billing ecosystem. For example, MSPs may rely on ERP or invoicing systems for their final invoicing. With such integration, the billing system can enable an end-to-end billing solution for the MSPs.

GCP cost management
 

  -  How is the billing system deployed and Maintained?

In this era, billing systems should be offered as a SaaS model with all data (at rest or in transit) encrypted. MSPs should not have to bear the costs of installation and maintenance. Improve business viability and profitability

  -  Considerations Why important?

  -  How does the billing system provide transparency and visibility to end Customers?

End-customers would like to get access to their past and current itemized bills and the charges for each whenever they want. An end-customer self-service portal is crucial to raise customer satisfaction through transparency and visibility.

  -  How does the billing system track important business KPIs such as margins, top customers, purchase order overage, Etc.?

A billing system should enable the MSPs to track their profitability taking into account the margin, the distribution of cloud credits, and more. It should offer a business dashboard that shows the business trends, e.g. business revenue, number of customers, top customers, etc.

  -  Does the billing system provide any feedback on how to widen the profit margin?

A billing system knows the cloud vendor pricing, available savings plans, and the end-customer consumptions. It should be able to discover opportunities for MSPs to take advantage of better pricing, e.g. buying more reserved instances.

  -  Which public / private clouds are supported on the billing system?

The right billing system for you should support at least the cloud(s) that you are reselling. The more they support, the more flexibility you have in the future to expand your business.

  -  A good billing system should be able to help you streamline and optimize your billing operations.Investment in such is worthwhile if you find the right solution. The aforementioned considerations are for your reference when you evaluate the billing systems in the market.

  -  Aquila Clouds BillOps passes the considerations above with flying colors. Having worked with many MSPs and helped them improve both their teams’ productivity and profitability.

 

cloud subscription billing management solutions

 

Location: Gurugram, Haryana, India

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