RX Billing
Automated and effortless billing.
A fit-for-purpose billing system must bill accurately every time, ensure complete compliance to energy market regulations, and enable your business to offer innovative new products and services to customers. Brave RX Billing does all this and more.
Brave RX Billing is a powerful SaaS billing engine that automates the entire meter-to-cash life cycle. It’s designed exclusively for the Australian energy market, helping you stay flexible and supporting your growth along the way. This scalable solution also offers an easy upgrade path, future-proofing your billing engine to accommodate regulatory and business change.
How RX Billing works
At its heart is a seamless interface between the billing engine, the Meter Data Store (MDS), and Standing Data Management components. There are four key functions of RX Billing.
1. Retrieve
Continuously retrieve up-to-date meter readings and market data from central stores.
2. Send
Easily bulk send invoices on time as needed.
3. Remind
Smart dunning chases outstanding accounts to improve cash flow reliability and simplify forecast planning.
4. Investigate
Quickly search, tag, manage and validate data against possible discrepancies.
Benefits
Ensure consistent revenue payments
Our billing software supports the entire billing life cycle and helps prevent revenue loss due to inconsistencies and inaccurate data. It’s scalable and adjusts to your growing business.
Compliant
RX Billing meets all current energy market compliance requirements, including CDR, concession management, payment plans, family violence flags, and life support processes and more.
Increase billing accuracy
Ensure accuracy and reliability with streamlined onboarding processes and up-to-date market data. Combined with a highly sophisticated bill validation module that will minimise errors.
Increased revenue flow
Keep track of customer payments with our specialised receipting and reporting system. Manage embedded networks and off-market services to maximise revenue potential while ensuring the flexibility of your billing system.
Timely access to data
Access data quickly and accurately through our reporting dashboard, allowing you to make well-informed decisions. Our dashboard provides data on sales, performance, competitor analysis and compliance insight.
Features
Comprehensive billing compliance
Including concessions management, welcome packs, hardship policies, Better Bills guidelines, Life Support registry, CDR, and best offer calculations.
Seamless sales onboarding
RX Billing software is scalable, and offers seamless onboarding processes for new customers.
End-to-end billing
Handle billing from start to finish. From customer billing to invoicing and consolidated billing from meter reads at scale.
Powerful integrations
Use Brave APIs to connect with various integrations, including Energy portal, VPP management, data warehouse, revenue assurance, and reporting server.
Specialised billing
RX Billing covers unique needs such as NEM tariffs, site-specific, CFD, spot price, bidirectional, embedded networks, unmetered, and consolidated billing.
Energy Market coverage
We provide coverage across all NEM jurisdictions, including NT expansion.
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Get in touch with us and find out more.