Consolidated Billing

What is Consolidated Billing?

Consolidated billing is a billing process that combines multiple invoices or charges into a single statement. This approach simplifies the billing process for both businesses and customers by reducing the number of individual invoices that need to be processed and paid. Consolidated billing is particularly beneficial for companies with multiple products or services, or for customers who have multiple accounts with the same provider.

For instance, a telecommunications company may offer consolidated billing to customers who subscribe to internet, television, and phone services. Instead of receiving separate bills for each service, the customer receives a single statement that includes all charges. This not only streamlines payment but also provides a clearer overview of total expenses.

Businesses benefit from consolidated billing through reduced administrative costs and improved cash flow management. Customers appreciate the convenience and simplicity of receiving and paying one bill instead of multiple invoices. Additionally, consolidated billing can enhance customer satisfaction and loyalty by providing a more streamlined and transparent billing experience.

However, implementing consolidated billing requires robust billing systems and processes to ensure accuracy and prevent billing errors. Businesses must also ensure that all charges are clearly itemized in the consolidated statement, so customers understand what they are paying for.

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From startup to IPO and beyond

Designed for fast-growing businesses

Scale revenue operations across multiple countries, entities, and currencies, without having to build complex billing infrastructure.

From startup to IPO and beyond

Designed for fast-growing businesses

Scale revenue operations across multiple countries, entities, and currencies, without having to build complex billing infrastructure.

Why Solvimon

Helping businesses reach the next level

The Solvimon platform is extremely flexible allowing us to bill the most tailored enterprise deals automatically.

Ciaran O'Kane

Head of Finance

Solvimon is not only building the most flexible billing platform in the space but also a truly global platform.

Juan Pablo Ortega

CEO

I was skeptical if there was any solution out there that could relieve the team from an eternity of manual billing. Solvimon impressed me with their flexibility and user-friendliness.

János Mátyásfalvi

CFO

Working with Solvimon is a different experience than working with other vendors. Not only because of the product they offer, but also because of their very senior team that knows what they are talking about.

Steven Burgemeister

Product Lead, Billing