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Billing Cycle management
Zangu let's you manage billing cycle renewal & expiry for account created from products with payment cycle
How it works
This solution is widely used in real estate rental collection. Better issuance of invoice and
receipts.
Also used in short term contract managements
1. Billing cycle Product
Create a product with billing cycle by setting frequency e.g number of days, and expiry behaviour
2. Create Customer account
Create customer billing cycle account by adding a billing cycle product. Add the billing Items. The total will reflect the total billing amount per cycle
3. Activate contract
When contract is activated, the billing cycle payment schedule begins and dates are set. Expiry alerts and auto invoice are generated as per the product setting
Use Case
Tenant Rental collection
Manage tenant contract and simple automated payment collection with invoicing and receipting
Membership Organizations e.g Gym
Organizations offering memberships, such as gyms, clubs, or professional associations, utilize billing cycle management to handle membership fee collection and renewals
Utilities Billing
Utility companies use billing cycle management to bill customers for services like electricity, water, or gas on a regular basis, ensuring timely payment and efficient revenue collection
Insurance Premiums
Insurance companies implement billing cycle management to collect premiums from policyholders on a regular basis, ensuring continuous coverage and timely payments.
E-commerce Subscriptions
E-commerce businesses offering subscription-based services or products, such as meal delivery services or beauty subscription boxes, rely on billing cycle management to handle recurring payments from subscribers.
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Whether you're a large-scale enterprise, early-stage startup, or somewhere in between, our modular platform enables enterprise scale for all with the widest breadth of financial products.
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