Making billing easy

Automatically track clients’ compliance with contractual arrangements and deliver a detailed, consolidated bill or invoice tailored to their unique preferences.

Benefits

  • Increase revenue by plugging revenue leakage from manual billing processes.

  • Reduce costs by automating manual processes and rationalizing multiple legacy billing systems.

  • Increase visibility into a client’s entire relationship -- structure, products, services, transactions, etc.

  • Enhance the client experience by reducing potential billing errors and delivering a detailed, consolidated bill or invoice tailored to client preferences.

  • When integrated with Deal Manager, Billing automates the order-to-cash cycle for the bank.

  • Get up and running quickly and reduce TCO with a rapid, out-of-the-box SaaS deployment on the cloud using Microsoft Azure.

With Billing, CIBC Business Banking was able to centralize ten billing systems into one.

2016 Celent Model Bank Award for Excellence in Cash Management and Trade Finance

Billing flexibility within a centralized model

Align billing to your business needs with support for different product lines, currencies, billing cycles and client-specific configurations.

Features

  • Create consolidated, granular invoices and statements

    Create detailed invoices or statements in multiple formats.

  • Deal Manager integration

    An end-to-end solution to streamline deal execution and automate billing processes.

  • Client hierarchies and groups

    Provide a single view of the client-product hierarchy, including pre-configured processing options and custom billing groups.

  • Configure billing schedules

    Set up pre-configured billing cycle profiles, with the ability to change profiles at any time and configure separate billing and settlement schedules for different products

  • Detailed invoice status

    Provide bank employees with detailed visibility into the status of an invoice throughout the invoice lifecycle.

  • Approval workflow

    Configure an internal workflow to support invoice creation, review, amendment and approval.

  • Configurable library of pre-defined charge codes

  • Automate exceptions management

  • Generate reports

Learn more about how banks can leverage Billing to centralize and automate billing processes.

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