With billwerk you can use periodical or prorated recurring billing or usage-based metered billing
With billwerk you can use periodical or prorated recurring billing, usage-based metered billing
billwerk takes care of and enters interim and final billing.
We know what to pay attention to when conducting financial accounting in Germany.
Automatically recurring billing
billwerk bills for you automatically: from set-up fees to test phases, metered billing, periodical components, or add-ons.
Data volume, service calls, hardware deliveries – everything that can be counted can be billed as “use” by billwerk, either at the end of the ongoing contract period or right away.
During a contract period change, an upgrade, or immediate cancellation, billwerk automatically takes on the interim or final bill or prorating.
Billing with your corporate design
billwerk creates recurring bills in your corporate design and reliably delivers them via e-mail, post, or in a downloadable format for your customer portal.
Manual billing and credit
For services outside of the subscription contract, create your bills or credits in the meantime – manually or via the billwerk API.
If a bill results in a credit balance for the customer, a credit item is automatically created. .
You consolidate tax rates for different countries, and billwerk automatically applies them to the billing. Reverse-charge processes for B2B customers in other EU states are possible.
Languages and currencies
Products and bills are simply translated into the desired languages, and the tax rates are added automatically. You can determine the prices of any number of currencies.
billwerk saves all billing and payment information of a contract account. With one click this information is sent to your financial accounting software via DATEV export. billwerk also optionally books to debtor accounts and forms deferred revenue.
Subscription Management & Recurring Billing with billwerk
billwerk is the Subscription Management & Recurring Billing software for your subscription business. Test billwerk with all features and functions without obgliation.
Find out more about Recurring Billing
Recurring Billing (or also Subscription Billing) is when a merchant or service provider (collectively referred to as Vendor) invoices a customer for certain goods or services according to a pre-defined schedule, i.e. recurring, and charges them (compare Recurring Payment or Subscription Payment).
In order to execute Recurring Billing measures, it is necessary that the customer authorises the vendor in advance to collect future recurring fees (invoice amounts) in this way (by credit card, SEPA Direct Debit Mandate, PayPal, etc., as appropriate). This process may be carried out until the customer withdraws the authorization again.
Any product or service that can be subscribed or rented on a regular basis, whether at fixed or variable prices/rate options (or a combination of both), is a subscription commerce or subscription business option. Typical examples of subscription business models include cable charges, mobile phone bills, gym membership fees, electricity bills, magazine subscriptions or even software-as-a-service, Internet service providers and many more.
For customers, subscription and recurring billing offer a variety of advantages. Among other things, it means higher liquidity and greater convenience. More convenience because the order, as well as the specification of payment data and the authorization for recurring billing, only has to be issued once. Higher liquidity because the costs for a product or service are often spread over months or even years.
Example 1: In the past, designers have had to pay up to 3,500 euros per license for Adobe Creative Suite, depending on the version. The amount was due immediately. For a version update, up to 1,000 euros were again due. Today, subscribers for the Adobe Creative Cloud pay around 70 euros (840 euros per year) per license.
Example 2: Buying or financing a washing machine used to be the only option for consumers. Either the liquidity suffered when paying immediately or at the end of the financing the machine was often already outdated. For some time now, consumers have had a third option: “Rent a washing machine”. OTTO’s mail order subsidiary OTTO Now offers a range of washing machines that can be rented in 3, 6, 12 or 24 months with full service.
Digital subscription models in particular are becoming increasingly popular with vendors. One of the reasons for this is the change in customer behaviour, with customers wanting to shift away from one-off purchases and towards continuous use. Not only customers benefit from subscription models, but also the vendors. They gain more insight into customer behavior and have the opportunity to customize their marketing and sales activities. In addition, subscription models give companies predictable revenue streams. In contrast to one-off purchases, you can plan for the long term.