Our finance operations services streamline your subscription billing and uplevel your revenue reporting.
Traction AI’s Financial Operations Suite gives you:
Category
Services
Description
Subscription Management
Configuration & integration
Setup and configuration of best demonstrated practices Subscription Order Management.
Subscription Order Management Setup Includes:
• Integrations with CRM, CPQ, GL, e-Payments and sales tax integrations platforms.
• Create and deploy custom fields.
• Define product catalog.
• Setup default subscription types and invoice schedules.
Order Management
Billing account maintenance
Ongoing updates of key billing data (account legal name, account segment, parent, billing contact, billing address, etc.).
Order Management
Product catalog maintenance
Keep product catalog updated with latest product names, default pricing, descriptions, product families, etc.
Order Management
Subscription management
Manage new, renewal (flat, upgrades, downgrades) and cancellation subscription changes consistent with product
catalog and contract terms.
Revenue
Recognition & Reporting
Deferred revenue management
calculations
Produce revenue recognition schedules.
Revenue
Recognition & Reporting
Milestone triggered and consumption based revenue
recognition
Recognize non-recurring revenue based on performance criteria (onboarding milestone, professional services deliverable, usage or consumption).
Revenue
Recognition & Reporting
GAAP revenue recognition & deferred revenue
reporting
Produce recognizable revenue, invoice total and deferred revenue/unbilled AR balance by contract for specified period for monthly close.
SaaS
Performance Analytics
Subscription momentum (ARR /
MRR)
Report contracted recurring revenue.
SaaS
Performance Analytics
Customer retention reporting
Weekly updates to logo churn, net and gross churn average subscription term statistics.
SaaS
Performance Analytics
Customer Acquisition Cost (CAC) &
Customer Lifetime
Value (CLTV)
Integrate selling cost, selling price gross margin and average subscription term.
SaaS
Performance Analytics
Cash application projections
Weekly update of actual and future cash based on current contracts and subscription.
Subscription Billing
Invoice schedule creation
Produce invoices based on contract terms, product catalog, billing account, etc.
Subscription Billing
E-invoice distribution
Schedule and e-invoice based on contract terms.
Subscription Billing
Collections, dunning & AR aging
management
Reminder emails and calls to support timely collections. Weekly AR summary reporting.
Subscription Billing
Record payments and sync to GL and
cash position
Apply ACH and deposit to invoice and G/L.