Effective ERP Solutions
Automate Subscription Billing and Revenue Recognition With BillFinity Extension
Finance and operations leaders spend hours each month manually reconciling invoices, chasing down revenue recognition schedules and troubleshooting billing errors that delay month-end close. The BillFinity extension eliminates this burden by automating subscription billing, revenue recognition and payment processing entirely within NetSuite.
Strategic Information Group deploys and supports this Built for NetSuite extension (Bundle ID 280740), which operates within your existing platform without fragmented middleware.
NetSuite Extension for Subscription Management That Runs on Autopilot
Manual subscription renewals drain finance teams and create billing errors that frustrate customers and delay revenue recognition. The BillFinity extension automates the subscription lifecycle from sale through renewal and uplift.
Evergreen Billing That Never Misses a Cycle
Subscriptions continue automatically until the customer cancels or reaches a contract end date. Configure billing frequencies from weekly to annual with built-in logic for month-end dates and leap years. Set contract end dates with auto-hold functionality to prevent unintended renewals past agreement terms.
Automated Uplift Management
Schedule percentage or fixed-amount price increases at the header or line level. Set uplift dates or recurring frequencies and let the system apply changes automatically.
Real-Time Visibility Into Subscription Performance
Stop exporting data to Excel to answer critical business questions. The BillFinity extension includes 19 reports that deliver MRR, ARR and churn metrics in real time.
These include:
12-Month Billing Forecast
12-Month Planned Recurring Revenue
Active, Cancelled and New Subscription Details
Active, Cancelled and New Subscription Trends
Subscriptions By Item and Subscriptions By Term
Upcoming Contract Renewals and Upcoming Billings
Subscription Payment Method Exception
Subscriptions On Hold
Recently Updated Subscriptions
These reports eliminate manual reconciliation and give finance leaders the visibility needed to close books faster.
NetSuite Extension for Invoice Auto Payment and Revenue Recognition Automation
Chasing customer payments and manually tracking deferred revenue creates bottlenecks that delay financial close. The BillFinity extension automates payment collection and revenue recognition through native NetSuite integration.
Automatic Payment Processing
When auto pay is configured, BillFinity can automatically create a payment against an approved renewal invoice using the customer’s default or selected payment method. Configure fees by payment type using percentage rates or minimum dollar amounts. Payment method exception reports help your team spot invalid or missing payment methods before auto payment runs.
Three Revenue Recognition Paths
Choose the recognition method that matches your business model:
NetSuite Advanced Revenue Management (ARM): Supports complex revenue recognition workflows tied to ASC 606 and IFRS 15 requirements.
BillFinity Amortization Schedules: This NetSuite extension for amortization schedule recognizes deferred revenue ratably over subscription terms.
Recognize upon invoicing: Recognizes revenue immediately for service-based models.
By supporting multiple paths, this NetSuite extension for revenue recognition automation helps reduce reliance on separate revenue management tools and shorten month-end cycles.
NetSuite Extension for Advanced Revenue Management and Usage-Based Billing
Subscription businesses with complex pricing models need tools that handle usage charges, mid-cycle adjustments and bulk operations without custom development.
Usage-Based Billing (Premium Edition)
This NetSuite extension for usage-based billing tracks consumption with minimum and maximum quantity thresholds. Set the included quantities so customers are billed only for usage beyond their plan limits. When configured, usage details can attach to invoices, with billing grouped by summed quantity and averaged rates.
Mid-Cycle Changes and Bulk Operations
Add subscription lines mid-cycle with automatic proration based on days remaining. Import subscriptions and subscription lines in bulk via CSV with external ID mapping to preserve historical data.
External CRM Integration (Premium Edition)
Sync subscriptions with Salesforce and other CRM platforms. External Subscription IDs match add-ons to existing subscriptions, while External Upsell and External Renewal flags help route add-ons and renewals to the correct subscription.
Deploy Quickly With Ongoing Support From Strategic
Deployment starts inside your NetSuite environment. Strategic's NetSuite ERP implementation team configures billing frequencies, subscription mappings and automated workflows. Post-deployment, SIGServ Total Care for NetSuite provides 24/7/365 monitoring and support, relieving your IT team of maintenance burdens while costing less than a full-time specialist.
Strategic brings over 30 years of ERP experience to every implementation and serves as a current NetSuite partner and reseller. The team earned the Fall 2025 NetSuite Spotlight Award for Medical Devices and Equipment and the 2026 NetSuite Spotlight Award for Life Sciences.
Let Strategic Automate Your Subscription Billing
Empower your finance team with fully automated subscription billing. Contact Strategic to request a demo of the BillFinity extension today.
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