Software service companies worldwide now see usage-based pricing as the way to accelerate revenue growth and increase revenue retention. If you want to implement metered billing based on usage data, you can quickly exploit m3ter’s data-first solution to set up metered data collections and use these to apply usage-based pricing plans to your products and services. To further improve your operational efficiencies, m3ter incorporates a billing engine, which is designed to easily integrate with and drive your 3rd-party invoicing systems.
The m3ter service consists of three core components:
A Metering Engine. Ingests fine-grained usage data at scale, then cleans, transforms, and persists that data in a form ready for use in common operational use cases.
A Rating Engine. Aggregates data, configures pricing of any complexity, and automatically computes bill amounts.
An Analytics Engine. A Data Explorer lets you query and review your data selectively to understand and respond appropriately to usage, cost, and revenue signals. Customer Insight and Pricing Optimizer intelligence tools provide actionable insights to drive sales productivity, increase business observability, and improve pricing design.
Next: Data Ingest into m3ter