Many enterprises conduct business by collecting a prepaid amount from their customers for the future purchase of products, services, or usage consumption.

Conga Billing's wallet functionality supports such practices by enabling the Billing administrator to:

• Set up one or multiple wallets
• Track wallet balance in real-time based on products or services sold against the wallet
• Track wallet balance in real-time based on usage consumed against the wallet
• Manage wallet balance automatically based on asset amendments

Real-time wallet updates enable the billing admin to maintain and view the wallet balance in real-time. It avoids conflicts of insufficient funds when there are multiple orders that are not invoiced against a wallet. It also shows real-time balance updates for usage products.