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Bill Foundry is a flexible and powerful infrastructure for automating billing operations. By leveraging this infrastructure, enterprises can ensure rapid, efficient and accurate revenue realization from innovative pricing and product strategies.

Key Features

• Extremely powerful transactional engine to rate & dynamically price tens of thousands of transactions per second. Rate and price various kinds of line items like products & options, packages & bundles, metered resource usage, fees, surcharges & taxes; based on pre-defined pricing plans (and agreements). This also supports dynamic transactional discounting & fee rebate rules based on dynamic product-bundles, customer relationship scores & models. Seamlessly access this engine during billing. This can be deployed on a standalone basis too.
• Unrestricted flexibility in supporting multi dimensional rating and pricing wherein variants for a rate or pricing calculation or rule can be tailored for different transactional dimensions; for example – Marketing program & package, Segment, Agreement, Region, Group-Client, Affinity-Partner, Risk tier, etc.
• Seamlessly access information about products, market aligned bundles & packages; so as to support their rating, pricing and billing. This information can be rapidly synchronized from product master tables; or rapidly defined and maintained from an easy-to-use GUI environment if such master tables are unavailable.
• Support various billing patterns like Bill To, Bill through, Bill on Behalf Of, Group Billing, Complex-Agreements driven Billing, -Pre-Paid Billing, Post Paid Billing, Recurring / Subscription Billing, etc
• Support Customer centric billing including billing of cross product-line bundles & packages by enabling rapid configuration of multi level billing structures that represent different facets of a customer’s relationship with an enterprise. These structures can support the billing of products, static product bundles & packages, with support for dynamic bundling and for dynamic customer level discounts and fee rebates.
• Efficiently generate invoices for 1000s of customers & accounts, spanning various divisions and lines of business. Provide easy-to-understand explanations for invoice amounts.
• Support sophisticated partner settlement agreements that define various kinds of partner revenue share and royalty arrangements and their enforcement (account-by-account revenue share, bulk volumes based revenue share, etc.).
• Billing administrators can leverage a GUI Workbench to collaboratively author and test definitions and logic relating to billing. They can administer billing plans on an ongoing basis too, without depending on software programmers.

Benefits

• Up-to 60 % cost reductions in IT budgets for managing and administering billing capabilities. (Compared to legacy Billing systems)
• Eliminate errors, lost & delayed billing opportunities and administration costs associated with usage of spreadsheets for billing.
• Today’s dynamic business landscape often involves innovations in product or pricing strategies. When an enterprise innovates in these areas, billing capabilities can rapidly and accurately shadow the change so as to support the requisite billing impacts of the innovation.
• Launch changes (manage the define -> test -> approve lifecycle) to billing definitions and logic, including rating & dynamic pricing logic and product definitions; within minutes.
• Reduce translation gaps & delays associated with traditional business-IT handoffs of business specifications for billing.
• Rapidly realize business value, with implementation cycles of 3 months or less.