Learn the jargon with our 500+ word glossary
Account-Based Marketing (ABM)
ABM (Account-Based Marketing) is a strategic B2B marketing approach that aligns sales and marketing teams to target high-value accounts with personalized campaigns.
Account-Based Selling (ABS)
Account-Based Selling (ABS) is a strategic B2B sales approach that focuses on high-value accounts rather than individual leads. By leveraging AI-driven insights, personalized outreach, and CPQ automation, businesses can accelerate deal closures and drive long-term revenue growth.
Accounts Receivable (AR) Invoice
An Accounts Receivable (AR) Invoice is a billing document sent to customers for goods or services rendered, ensuring timely payments and cash flow stability. It serves as a legal obligation and a key component of financial tracking.
Accounts Receivable Collections
Accounts Receivable Collections refers to the process businesses use to recover outstanding payments from customers who purchase goods or services on credit. Effective AR collections ensure steady cash flow, minimize bad debt, and improve financial stability. This guide covers the AR collections process, strategies for efficiency, common challenges, and how automation enhances collections. Learn how ServicePath’s CPQ solution can help streamline AR management and optimize cash flow.
Accrual Basis Accounting
Accrual basis accounting records revenues and expenses when they are earned or incurred, not when cash is exchanged—providing a more accurate financial picture essential for forecasting, compliance, and SaaS revenue management.
Accrued Revenue
Accrued Revenue refers to revenue earned but not yet received, recorded as an asset on the balance sheet before cash payment. Common in SaaS, construction, and professional services, accrued revenue ensures accurate financial reporting and aligns with GAAP and IFRS standards.
Ad-Hoc Documents
An ad-hoc document is a custom-generated, on-demand document tailored to specific business needs, such as sales quotes, contracts, and compliance reports. Unlike standardized templates, these documents provide agility, accuracy, and real-time customization.
Adaptive Quoting
Adaptive Quoting leverages AI, automation, and real-time data to generate optimized quotes tailored to customer needs, pricing trends, and deal conditions. Unlike static pricing, it enables dynamic adjustments, accelerating sales cycles and maximizing profitability.
Advance Billing
Advance billing is the practice of invoicing customers before services are delivered or products are provided. Common in subscription-based and professional service industries, advance billing supports cash flow predictability and reduces payment delays. It plays a critical role in SaaS, managed services, and CPQ processes where recurring revenue and project milestones require upfront payment agreements.
Advanced Pricing Engine (APE)
The Advanced Pricing Engine (APE) in servicePath™ CPQ+ empowers businesses with AI-driven pricing optimization, real-time adjustments, and predictive analytics. Designed for complex pricing models, APE enhances quote accuracy, revenue forecasting, and deal modeling, ensuring dynamic and competitive pricing strategies.
Agile Billing
Agile Billing is a flexible, automated billing approach that enables businesses to adapt pricing, subscriptions, and invoicing to customer usage and market demands. It supports dynamic pricing models, improves revenue recognition, and enhances scalability.
Agile Sales
Agile Sales is a modern sales methodology that applies agile project management principles to the sales process, emphasizing flexibility, collaboration, and continuous improvement. It enables sales teams to adapt quickly to market changes, enhance customer interactions, and optimize sales strategies.
AI Financial Modeling
AI Financial Modeling leverages artificial intelligence and machine learning to automate, enhance, and scale traditional financial modeling processes—improving accuracy, risk analysis, and decision-making in real time.
AI for Sales
AI for Sales leverages artificial intelligence to automate and optimize sales processes, improving efficiency, lead prioritization, customer engagement, and forecasting. AI-powered tools like chatbots, predictive analytics, and CPQ solutions enhance decision-making, increase conversion rates, and streamline workflows.
AI-native CPQ
AI-native CPQ is Configure-Price-Quote software built with artificial intelligence at its core—not bolted on—so sales teams get real-time guidance, precise pricing, and automated workflows that learn from every quote.
AIDA Model
The AIDA Model is a proven marketing and sales framework that guides prospects through four key stages—Attention, Interest, Desire, and Action—to drive engagement and conversions.
Air Gap
An air gap is a cybersecurity strategy that physically isolates a computer, network, or system from unsecured external networks—most commonly the internet—to prevent unauthorized access or data breaches. Air-gapped systems are essential in environments requiring maximum security, including defense, critical infrastructure, and regulated industries.
Alpha
In private equity, the term Alpha refers to the excess return on an investment beyond its benchmark, often driven by operational improvements rather than market trends.
Annual Recurring Revenue (ARR)
Annual Recurring Revenue (ARR) is the predictable revenue a company expects to generate from active subscriptions over a 12-month period. It excludes one-time fees or variable charges and is a key metric for evaluating the health, growth, and valuation of SaaS businesses. ARR gives leaders a clear view into renewal performance, upsell momentum, and long-term revenue predictability.
API-First
API-First is a development approach where application programming interfaces (APIs) are treated as first-class products. In the context of SaaS and CPQ, it means designing systems to be easily integrable from the ground up—enabling faster connections with CRMs, ERPs, billing systems, and custom workflows. API-First ensures scalability, flexibility, and a better developer experience across your tech stack.
Approval Workflows
Automated, rule-driven processes that streamline your business operations by routing documents, proposals, and tasks through predetermined approval stages. This ensures that each critical decision is reviewed by the appropriate stakeholders, reducing delays, minimizing errors, and bolstering compliance—all key to accelerating your sales cycle and maintaining operational excellence.
At-Risk Customers
At-risk customers are individuals or businesses showing signs of disengagement, decreased usage, or potential churn. Identifying and proactively managing these customers with AI-driven insights, predictive analytics, and customer success strategies helps businesses reduce churn and maximize retention.
Automated Bundling
Automated Bundling refers to the use of rules-based logic within a CPQ system to automatically group compatible products, services, or features into predefined or dynamic packages. This streamlines complex configurations, reduces errors, and ensures sales teams present optimal solutions—tailored to customer needs, pricing structures, and business goals.
Automated Discounts
Automated Discounts are dynamic pricing strategies where discounts are applied based on predefined rules, enhancing efficiency, reducing errors, and improving sales performance. These discounts can be based on customer segmentation, bulk purchases, promotional campaigns, or AI-driven pricing models.
Average Order Value (AOV)
Average Order Value (AOV) measures the average amount spent per order, helping businesses optimize pricing, upselling, and bundling strategies to maximize revenue. By increasing AOV, companies can improve profitability without acquiring new customers.
Average Selling Price (ASP)
Average Selling Price (ASP) refers to the average price at which a product or service is sold over a specific time period. In a B2B SaaS context, it helps track deal size trends, segment customer value, and guide pricing and packaging decisions. ASP is a key metric for evaluating sales performance, market positioning, and revenue strategy.