Billing is one of the most critical components for any business but it is one that has advanced to an entirely different scale than in years past. Back in the day, organizations could flourish with legacy-based billing solutions implemented as the models were much more simplistic and the market was not nearly as optimized.
It is virtually impossible to run a successful business without data. The importance it holds is irreplaceable. Yet, at the same time, huge volumes of data will be meaningless without application. Corporations need to utilize data analysis tools to process this information to ensure the utmost value is being provided from the data that is collected.