The dollar value of the New or Renewal Subscription Bookings amount invoiced on the date defined by the contract terms, i.e., the Billings Date. In Enterprise SaaS companies with a high Average Selling Price, the Billing Date typically starts on the first of the month following the month of the Bookings Date but also may be delayed for several months while the customer waits on new budget dollars from a subsequent fiscal year or has tied payment to certain milestones. In B2C SaaS companies the Billings Date is usually the date that the customer provisions the product by registering and entering a credit card number.

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