Enterprise Billing and Statements Management

Increase customer trust and transparency through accurate billing and prevent revenue leakage. Build an enterprise capability for multi-product, multi-entity and hierarchical invoicing for all stakeholders.

Why SunTec Xelerate?

SunTec’s Enterprise Billing and Statements Management on the SunTec Xelerate a cloud-based platform provides extremely rich billing and invoicing capabilities. It helps in automating the end-to-end billing process including pricing, consolidation, pre-billing steps, invoicing and post-billing activities including settlement, dispute management and arrears management. Consolidation of different products and services, different entities and geographies into a single invoice for the end customer as well as the convergence of multiple billing systems into a single billing system for operational excellence can be easily achieved with out-of-the-box capabilities in a very short time. Multi-currency and multi-language capabilities further make enterprise billing and statements management a truly global system.

Features

Scheduled and On-demand Invoicing

Highly flexible, on-demand invoice generation/scheduled invoicing functionalities

Complex Grouping and Scheduling

Multiple billing groups and multiple invoice schedules can be set up very easily across different geographies

Integrated Relationship-based Consolidation

Reorganize client relationship views based on the billing needs of the client

Flexible Billing Hierarchy Management

Agile, multi-level management of the complex client hierarchies for billing and statementing

End-to-end Traceability

Provides traceability from invoice to transaction through intuitive enquiry screens

Flag Revenue Leakage Points

Intelligent analytical detection of potential revenue leakages and billing errors

External Third Party Integrations

Extremely easy for integration with pricing and rating engines as well as payment and collection systems (both SunTec Xelerate and external)

Benefits

• Reduce revenue leakage through consolidated, automated, condition-driven and converged billing
• Improved customer satisfaction with consolidated invoices with personalization of grouping of fees and charges
• Improve operational efficiency through simple and automated billing operations
• Improve customer transparency through granular-level information from multiple channels
• Mitigate revenue risk through automation and rule-based control across the process
• Reduce conduct risk and ensure compliance with regulatory guidelines through end-to-end auditing, traceability and enhanced controls