With TimelyBill's multi-currency feature, telecom companies can set-up different billable currencies per organization.
TimelyBill allows you to establish unique pricing models for international customers and manage all aspects of billing and payment processing.
Our software applications multi-tenant structure enables telecoms to run Multiple orgs from within a single instance of TimelyBill. Using experience as our guide, we have determined that the best way to treat multiple currencies is to set them up in separate organizations. This ensures all transactions in that organization are processed in the desired Currency. It also enables finance to determine when and where to factor in conversion rates*.
Billing customers and processing payments in local currencies is essential for selling your services globally.
Here are the typical steps for setting up a multi-currency environment in TimelyBill:
STEP 1: Segment Your OrganizationsSTEP 2: Define Your Product Catalog and Pricing Model
STEP 3: Design Your Customer Communications
STEP 4: Gather and Export Report Data
STEP 5: Convert to a Different Currency (as Necessary)
TimelyBill's multi-tenant capability along with our template-based document handling enables telecoms to run Multiple Orgs. This architecture makes it possible for international selling, billing and payment collection using multiple currencies.
* This component does not cover exchange rate fluctuations. TimelyBill does not manage currency conversions. You must configure your product pricing to reflect the actual rates you want to use.
