In the Market for a New Billing System? Here’s What You Need to Consider

Your business needs to collect revenue in order to remain financially viable over the long term. While there are certainly many businesses that rely on outdated methods of revenue collection, many companies across all verticals have embraced innovation and deployed cutting-edge billing software in order to bring efficiencies to their front office.

If you’re frustrated with your current billing system and are considering whether it might be time for you to make a change, consider these three statements as you search for a new solution:

  • You need a solution that is flexible. Your payment solution needs to be versatile, allowing for a quick and easy way to bill customers. At GLDS, for example, we offer our customers a variety of options from WinCable to WinPay to WinCAP, so you’ll be able to find the precise one that makes the most sense for your business.
  • You need a solution that protects payment data. In order to protect customers’ sensitive payment information, the Payment Card Industry (PCI) developed a set of security standards that merchants are supposed to follow. Should businesses fall victim to a data breach when they’re not PCI-compliant, they could face stiff fines and even lose their merchant accounts. As a result, it’s important to ensure your billing solution is secure.
  • You need a solution that’s bleeding edge. From time to time, thanks to the evolution of technology, businesses are able to benefit tremendously from new functionalities that make it a whole lot easier to accomplish your work goals. Best-in-class billing platforms provide this kind of utility, necessary for any business that wishes to take advantage of the latest technological breakthroughs.

Thinking about making changes to your billing system? Click here to learn more.