Glossary

Cloud Billing Solutions

Cloud billing solutions are tools that are used to bill for cloud-based software and infrastructure. Cloud billing solutions can be deployed either on-premise or in the cloud themselves.

To be most effective, cloud billing solutions should offer several key features, including  the ability to easily accommodate new SKUs or pricing changes, the ability to calculate usage charges (by minute, by GB, by seat, etc.) accurately, the ability to track third-party billing and payouts (such as reseller payouts) correctly, and serve as the single source of truth for invoicing.

Flexible cloud billing solutions can help organizations get to market 50 percent faster, and first-to-market advantage can increase product line revenues by 176 percent over three years.