OneBill Launches Real-Time SPIFF Payments as Part of Channel Management SolutionOneBill Launches Real-Time SPIFF Payments as Part of Channel Management Solution
The enhancement enables companies not only to execute real-time multi-party settlement and commissions, but also SPIFFs.
April 11, 2022
PRESS RELEASE — CHANNEL PARTNERS CONFERENCE & EXPO, LAS VEGAS, April 11 — OneBill Software (Booth 2250), a cloud-based billing and revenue management platform provider, launches a new enhancement to their Channel Management solution, which enables companies not only to execute real time multi-party settlement and commissions, but also SPIFF incentive payments.
SPIFF incentive schemes are often challenging to manage, as businesses need to pay this over and above an agent commission rate and not necessarily within the same time periods. However, with the OneBill platform, configuring unique rules for SPIFF payments to be paid upon settlement, is easily configurable through the Channel Partner Module. With this new feature, businesses also have the autonomy to set payment cycles to be one time versus periodically.
Founder & CEO of OneBill, Chelladurai says, “this is a real game changer for businesses that are heavily dependent on a humming sales incentive scheme to drive channel growth. No longer does the back office have to manually calculate and pay these SPIFF incentives. The heavy lifting is taken on through automation in the platform.”
Other features of OneBill’s Channel Management capability include the ability to:
Setup multiple tiers and levels of partners across varying geographies
Configure unique product catalogs with local currency pricing
Automatically ingest and convert a high volume of usage rating data files into error free invoices
Provide partners with the ability white-label and bill-on-behalf-of
Streamline and accurately manage taxation compliance and reporting
Support flexible settlement definition (including fixed cost, revenue share, profit share and more)
Manage the settlement of commissions in real time
You can find the OneBill team at Booth #2250 and learn more about their intelligent revenue management platform at onebillsoftware.com.
OneBill Software is a cloud-based provider of Billing and Revenue Management (BRM) solutions. OneBill’s BRM platform provides complete visibility into all receivables, allowing businesses to monetize their products/services efficiently, automate the order fulfillment process, manage channel partners in real time, and have a 360 degree view of their customer interactions, to ultimately accelerate time to market and maximize revenue. The platform is an end-to-end revenue management ecosystem that consists of opportunity tracking, product configuration, quoting, contract management, customer relationship management, order fulfillment, inventory management, consumption rating, taxation, billing, payment processing, A/R management and revenue recognition, while supporting vendor/reseller management to agent commissioning.
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