Billoid, an invoicing solution created by the Cologne-based Zendri UG, was officially launched at the end of March 2014. It provides networks and agencies that use the performance tracking software HasOffers platform with a customised way to invoice their advertisers and affiliates. The solution pays special attention to compliance with tax legislation worldwide and recurrent requirements, like tax form management or on-time payments by advertisers.
Zendri, the startup behind Billoid, was founded in 2012 and specialises in developing web and mobile solutions, as well as B2B apps. So far, the young company is completely bootstrapped.
Zendri recently published a case study showing the remarkable results they achieved for their long-time client KissMyAds, a mobile performance marketing network from Germany. After cooperating in a closed beta phase before the official launch of Billoid, KissMyAds reported an immense time saving in the billing process of 87.5% through the combination of the performance tracking software HasOffers by TUNE and Billoid.
KissMyAds required a highly scalable and flexible solution due to the growing number of invoice documents that had to be managed every month. In addition, the complication of regional tax laws were becoming very time consuming and tedious for staff to contend with.
“We have designed Billoid to solve frequent challenges performance and affiliate networks have to deal with in their everyday business,” said Jens Wessel, Founder and CEO of Zendri, the startup behind Billoid. Tailored for the HasOffers platform, Billoid provides a seamless process to generate tax compliant invoices and custom payment conditions, while taking custom rules of the network into consideration.
With Billoid, KissMyAds achieved automatic compliance with credit notes and invoices with international tax regulations, as well as increased timeliness of advertiser payments by 15%. KissMyAds was able to streamline the billing process with the help of Billoid, cutting the time needed for the monthly invoicing process from three days down to three hours.
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