Dynamics Billing
About Dynamics Billing
For SMB, Cloud businesses, Telecom, Utilities, Media. Leaders in usage based billing and situational pricing.
The solution enables management of usage data, price plans, pricing rules, billing cycles and invoices, customer accounts, payments and collections. You can report on any element in the system and use analytics to determine pricing and revenue maximization.
The product catalog module in Dynamics Billing allows users to manage any type of service, contract, plan, or bundle, with support for product hierarchies. Users can create a single pricing plan for a specific product grouping, and Dynamics Billing can automatically manage the assignment of pricing plans to similar products within the hierarchy. This capability is designed to minimize pricing plans, reduce operational costs, increase plan accuracy and enable faster marketing promotions and new plans.
Multiple charge options are supported, including recurring, one-time, usage based, volume discount, volume cap, unit-based and revenue-based volume commitment, and transactional discount. This enables businesses to implement situational pricing, optimized pricing / rating or costing. Businesses can offer new revenue models for competitive advantage.
Multiple billing cycles are supported. Billing charges can be previewed and corrected prior to issue.
Dynamics Billing automatically generates invoices during the billing cycle and can be previewed at any stage. Invoice layouts can be customized, and multiple languages and currencies are supported. Invoices can be delivered to clients automatically by email with configurable workflows.
The collections module allows users to create multiple automated collection action levels of for overdue accounts, and automatically apply late payment charges to future invoices.
Payments can be automated via integration to ACH, bank or online payment gateway of your choice.
Key benefits of Dynamics Billing
• Enable data driven revenue models
• Maximize revenue
• Increase market share
• Increase customer engagement
• Improve customer satisfaction
• Lower billing costs and
• Improve time to market
• Improve billing accuracy
• Reduce write-offs, cashflow
Lower Billing Costs, Improve time to market
• The product / Service catalog is designed to minimize pricing plans and reduce operational costs and enable faster marketing promotions and new plans.
Enable Data Driven Revenue Models
• We have a powerful data mediation engine that takes usages based transactions and organizes with business rules them into billable events. We have an any formula charging mechanism to create simple charges or complex situational pricing.
Maximize Revenue, Increase Market Share
• Use an "any formula" charging engine against usage data to generate real-time situational pricing. This allows you to change pricing to reflect the situational value of a customer or service / product. Moreover, we have a unique optimized pricing capability to allow businesses to offer "Best Price Guarantees".
Increase Customer Engagement
• Customer data is recorded in Dynamics Billing, and users can view customer summaries with details such as attributes, sold products, invoices, payments, collections, aging info, and more.
Improve customer satisfaction
• Issue Invoices with customizable layouts and support for multiple languages and currencies,
• Aggregate invoices according to enterprise customers' grouping preferences
Reduce write-offs, cashflow
• Connect to an online payment provider of your choice
• Manage overdue payments through the collections module to reduce write-offs
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Reviews
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- Industry: Financial Services
- Company size: 1,001–5,000 Employees
- Used Daily for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 8.0 /10
20+ Year Old Legacy System Upgrade
Reviewed on 08/11/2018
We replace a 20+ year old legacy billing system with Dynamics Billing. The legacy system had many...
We replace a 20+ year old legacy billing system with Dynamics Billing. The legacy system had many unique features that the team from Dynamics worked closely with us to meet our needs and worked to implement a solution that gave our business additional flexibility for future growth.
Pros
System is easy to use
End users learning curve was very short
Flexible
Runs on a modern platform
Cons
We process millions of transaction daily and have unique billing record export requirements, back end system performance can be slow. Dynamics teams has been responsive and they are currently working with us to improve performance times.
Implementation time was a little longer than anticipated.
- Industry: Food & Beverages
- Company size: 11–50 Employees
- Used Daily for 1+ year
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Would Recommend It Every Day
Reviewed on 06/05/2024
Payment processing, billing & invoicing were at times a struggle for our firm but once we started...
Payment processing, billing & invoicing were at times a struggle for our firm but once we started using Dynamics Billing, it has been a smooth experience, even our employees and customers enjoy our services.
Pros
Te features are easy to customize to fit to our company needs thus making us noticeable by potential customer
Cons
Has a learning curve but once you know how to use it, it is the simplest of all.
- Industry: Utilities
- Company size: 2–10 Employees
- Used Daily for 6-12 months
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Dynamics Billing: User Review
Reviewed on 07/07/2022
Overall, our experience with Dynamics Billing has been wonderful! The customer service is fantastic...
Overall, our experience with Dynamics Billing has been wonderful! The customer service is fantastic and has been truly incredible during our transition. Now that we've been successfully up and running for 6 months, we are pleased with how well were able to function on our own and not rely on the company to keep us running. Our previous system made it very difficult to learn how to be independent. In Dynamics, they strive to have all users and companies be as independent as possible, which is nice because they teach you everything you need to know!
Pros
The transition to this software was very easy. The team was prepared to transition us and knew exactly what information we needed. The most challenging part of the transition, was actually simplifying our original product. Dynamics helped us take our original complex billing structure, and simplify it to a much more user friendly version. We went from using 15 types of ways of doing 1 thing, to now having 1 way of doing 1 things, which makes setting up a new property very very easy! By far, the simplicity of setting up a new property is my favorite thing about this product.
Cons
When getting to know a new product, there are always challenges in learning how things work and where things are. After learning the map of this product, finding what you need is fairly simple. The User Guide is a big help in navigating the system and/or customer service is fantastic if you need help navigating the system.
- Industry: Financial Services
- Company size: 501–1,000 Employees
- Used Daily for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 9.0 /10
Why you should use Dynamics billing
Reviewed on 11/07/2022
Over all I am happy with the system as well all users
Over all I am happy with the system as well all users
Pros
The ease of use and training employees. The help from Dynamics as we are always trying to change with the times and keep up with the latest.
Cons
There are small items in payment applying and copying when setting up customers but much better than other systems we reviewed
- Industry: Utilities
- Company size: 2–10 Employees
- Used Daily for 6-12 months
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Robust, customizable, expandable billing platform
Reviewed on 28/06/2022
Excellent. Great company culture, open to challenges, fast response to problems.
Excellent. Great company culture, open to challenges, fast response to problems.
Pros
Easy migration from other vendor. This software gave us the ability to customize our invoicing and differentiate ourselves from the competition.
Cons
Definitely a challenging learning curve, but worth the transition to this product.
Dynamics Billing FAQs
Below are some frequently asked questions for Dynamics Billing.Q. What type of pricing plans does Dynamics Billing offer?
Dynamics Billing offers the following pricing plans:
- Starting from: USD 1,500.00/month
- Pricing model: Subscription
- Free Trial: Not Available
Contact Omniware for your specific needs and we can detail pricing for your needs.
Q. Who are the typical users of Dynamics Billing?
Dynamics Billing has the following typical customers:
51–200, 201–500, 501–1,000, 1,001–5,000
Q. What languages does Dynamics Billing support?
Dynamics Billing supports the following languages:
English
Q. Does Dynamics Billing support mobile devices?
Dynamics Billing supports the following devices:
Q. What other apps does Dynamics Billing integrate with?
Dynamics Billing integrates with the following applications:
RealPage, Yardi Breeze, authorize.net
Q. What level of support does Dynamics Billing offer?
Dynamics Billing offers the following support options:
Email/Help Desk, FAQs/Forum, Phone Support
Related categories
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