As the digital landscape continues to evolve, Microsoft is staying ahead by upgrading its Invoicing and Reconciliation V2 API to a newer, asynchronous version. This change promises a faster, more efficient way for Cloud Solution Providers (CSPs) and Managed Service Providers (MSPs) to access their billing and reconciliation data. However, this transition also means that businesses need to act swiftly to adapt before the old API is decommissioned on September 30th, 2024.
The current synchronous API has served CSPs and MSPs well, but it comes with limitations—such as the need to maintain long connections and process large batches of data, often 2,000 line items at a time. These challenges not only slow down the billing process but also create potential points of failure, which can be particularly frustrating during peak periods.
The new asynchronous API addresses these issues head-on. By leveraging Azure blobs for data storage and retrieval, it allows for more streamlined and reliable data processing. You won’t need to keep connections open for hours, nor will you have to loop endlessly through batches of data. Instead, the new API handles these tasks more efficiently, enabling you to access your billing and reconciliation data faster and with fewer headaches.
However, this migration isn’t just a simple flip of a switch. Businesses need to update their systems and processes to ensure they remain compliant and continue to function smoothly. For those who are unaware of the change or are yet to prepare, the September 30th, 2024 deadline is fast approaching.
Exivity understands the challenges CSPs and MSPs face when it comes to managing complex billing processes, especially during significant system upgrades like this one. That’s why we’ve been proactive in preparing for the Microsoft API transition, ensuring that our customers experience a smooth, hassle-free migration.
Here’s how Exivity can help:
We’ve already developed and tested new data extraction templates that are fully compatible with the new asynchronous API. Our existing customers can simply apply these templates to their Exivity environment, ensuring that their data extraction processes remain uninterrupted and compliant with Microsoft’s new standards.
Exivity offers a highly customizable and automated billing solution that integrates seamlessly with Microsoft’s billing APIs. By automating the data extraction and billing processes, CSPs and MSPs can significantly reduce the time spent on manual tasks, minimize errors, and improve overall operational efficiency. The new API, combined with Exivity’s robust platform, ensures that you can manage even the most complex billing scenarios with ease.
The true value of billing data lies in the insights it can provide. Exivity equips you with powerful reporting and analytics tools that help you delve deeper into your data, spot emerging trends, and make well-informed decisions. This becomes particularly crucial during the API transition, as it ensures your billing data remains accurate and highly relevant to your business needs.
With the September 30th, 2024 deadline approaching, CSPs and MSPs need to prepare for the migration to Microsoft’s new Invoicing and Reconciliation V2 API. Exivity’s ready-made solutions and expert support ensure a smooth transition, keeping your billing processes efficient and compliant.
If you’re new to Exivity, now’s the perfect time to explore how our platform can streamline your billing.
Book a free demo today to see how Exivity can simplify your operations and keep you ahead of the curve.