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consumption based pricing model software

Billing & Monetization

Consumption-Based Pricing Model Software: 14 Benefits You Don’t Want to Miss

Consumption-based pricing (also referred to as usage-based pricing) charges based on what you use or consume. This usage-based pricing model charges customers only for the resources consumed. For instance, let’s assume a...

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AR aging

Accounts Receivable

Your Guide to Accounts Receivable Aging Reports & How to Calculate AR Aging

Does your organization extend credit to customers? Do members of your accounts receivable team find themselves overwhelmed with the task of determining which customers have uncollected debt? An accounts receivable (AR) aging...
value-based pricing

Billing & Monetization

What Is Value-Based Pricing?

We’re all familiar with the value-based pricing example – think Mercedes, Gucci, Christian Louboutin, Rolex, and Louis Vuitton. While typically associated with luxury items, that’s not always the case. For instance, Starbucks,...
consolidated billing

Accounts Receivable

What Is Consolidated Billing? Best Practices & Benefits Uncovered

Popular among software-as-a-service (SaaS) organizations, billing consolidation is a methodology that merges multiple transactions or subscriptions into a single invoice. This approach simplifies the process by consolidating multiple financial transactions. It’s also...
volume pricing

Billing & Monetization

What is Volume Pricing?

Volume pricing is a pricing structure where the cost per product decreases (aka volume discounts) as the quantity of products purchased increases. Essentially, volume pricing works by offering varying pricing thresholds that...

Billing & Monetization

Understanding Customer Acquisition Cost in Business and How to Calculate It

Are you starting a new business or launching a new product? Then you should know what your customer acquisition cost (CAC) is. Simply put, the definition of CAC is the cost of...
consumption based pricing

Billing & Monetization

What is Consumption-based Pricing?

TechTarget defines consumption-based pricing – also referred to as pay-as-you-go billing, metered billing or usage-based pricing – as a service provision and payment scheme in which customers pay according to the resources...
what is revenue management

Billing & Monetization

What is Revenue Management?

Also referred to as yield management, revenue management can be described in extremely simplistic terms (selling the right product, to the right customer, at the right price, through the right channel) or...
what is enterprise billing

Billing & Monetization

What is Enterprise Billing: An Overview

Enterprise billing refers to an advanced and sophisticated system designed to meet the complexities of large-scale businesses across all billing processes like invoicing, payment processing, dunning, collections, revenue recognition, taxation, credits and...
ai invoice processing

Accounts Receivable

Revolutionizing Accounts Payable: The Power of Automated AI Invoice Processing

As business technology evolves, artificial intelligence (AI) is poised to make significant contributions in all areas of finance. Automated AI invoice processing is transforming the way organizations manage their finances, leading to...
AI in finance

Billing & Monetization

The Impact of AI in Finance: How Machine Learning is Changing the Industry

The finance industry is experiencing a paradigm shift driven by the rapid advancements in artificial intelligence (AI) and machine learning (ML). These technologies are not just buzzwords. At the forefront of this...
dynamic pricing strategy

Billing & Monetization

A Dynamic Pricing Strategy Drives Marketplace Success

Pricing – get it wrong and the growth and profitability you visualized for your business will quickly become yesterday’s pipe dream. Get it right and your company will thrive – enabling you...
quote to cash process

Business Process Management

The Quote-to-Cash Process: Your Comprehensive Guide

You just closed the biggest deal in the history of your company, one that crushed the competition and enabled you to exceed your revenue goals. So, the hard work is done, right?...