Vindicia updates CashBox billing capabilities

Vindicia, a provider of SaaS billing solutions, announced the upgrade of its CashBox offering which now features better invoicing and hierarchical billing to support digital merchants in the enterprise software, Software as a Service (SaaS) and B2B markets.

Previously CashBox included “prepay” models for merchants where customers may pay in advance of using a service. Today’s new capabilities extend the benefits of the CashBox solution to “post-pay” models, where customers typically pay for a service after they have used it.

With the updated version of CashBox merchants can present an aggregated, itemised invoice to customers and enable its payment. It means that merchants can now bill their customers for several services at the same time and accept payments for these services in a single bill.

CashBox offers the flexibility to manage all service attributes (e.g. prices, effective dates and entitlements) individually, or in groups or bundles.

It also enables pro-rated billing for billing or crediting partial charges to customers who join mid-billing cycle or request a refund for an unused portion of services during a billing cycle. CashBox also supports the concept of hierarchical billing across multiple groups within an organisation or even in a literal “parent-child” form in the game publishing realm.