A unified billing system that automates recurring invoices and usage calculations. More info: RingCentral Support
Problem
The company faced significant revenue losses due to an outdated invoicing system that struggled to handle over 10,000 SKUs and more than 100 packaging options with varying pricing models;
The lack of adaptability and frequent data inconsistencies led to costly manual invoicing and operational inefficiencies.
Solution
Develop an in-house Next-Generation Billing System (NGBS) to streamline and automate the billing process;
Transfer all products and customers to the new system.
Key Metrics & Results
Revenue Losses: Reduced to zero by eliminating invoicing errors;
Manual Invoicing Costs: Completely eradicated, resulting in operational cost savings;
System Availability: Achieved industry-leading uptime of 99.9999%, ensuring billing continuity;
Data Accuracy: Implemented robust validation processes, minimizing discrepancies.
Challenges
Data Inconsistency: Addressed through enhanced validation and error-handling mechanisms;
Customer Migration: Successfully managed the transition of existing customers with minimal disruption;
Cross-Team Communication: Facilitated clear and consistent communication among engineering, finance, and customer support teams;
Complex Data Processing: Integrated white-label solutions seamlessly into the billing workflow;
Complaint Management: Established proactive channels for handling and resolving customer issues efficiently.
Business Impact
The NGBS transformed the billing process, delivering measurable financial benefits and operational efficiency. It not only stabilized revenue streams but also enhanced customer satisfaction through accuracy and reliability
Ivan Zaitsev
Sr. Product Manager at RingCentral
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Work in progress. Stay tuned! The next update will be on March 30, 2025.