Billing Anchors

Many businesses like to run all invoicing on the first day of the month, regardless of when a customer signs up, resulting in a prorated first and last period. This common business practice surfaces one of the most painful disconnects between separate contracting and billing systems: a need for manual proration and adjustments to perfectly tie-out to your contract. MonetizeNow was built on the foundation of what you sell is what you invoice, however, Billing Anchors takes this a step further. Now you can set a desired anchor date for billing (e.g., Jan 1) and regardless of contract dates, all invoices will be adjusted to account for this date, configurable globally and deal-specific.

Expert tip: Align your Billing Anchor with your end-customers' fiscal years to take budget concerns off the table.