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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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saas billing

Billing & Monetization

SaaS Billing Best Practices: What You Need to Know

Showing no signs of slowing, a recent Statista report forecasted that the software as a service (SaaS) market is expected to grow at an annual rate of 7.33% (CAGR 2024 - 2028),...
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?...
Usage-Based Billing Software

Billing & Monetization

A Comprehensive Guide About Usage-Based Billing Software

A popular billing model, usage-based pricing (also referred to as metered services or pay-as-you-go pricing) is a consumption-based pricing model that allows customers to pay only for what they consume. Largely used...
subscription models

Subscription Management

Uncovering the Benefits of Subscription-based Business Models

The subscription economy is booming, and with good reason. Whether a consumer or business, you can purchase a subscription for virtually anything – from clothing and coffee to software and data storage....
annual subscription

Billing & Monetization

Monthly vs. Annual Subscription Model: Which Works Best for Your Business?

There are numerous billing frequencies available (bi-monthly, monthly, quarterly, etc.), subscription-based companies typically offer an annual subscription or monthly payment plan. Many will give customers a choice between the two, but have...
unbilled receivables

Accounts Receivable

Understanding the Impact of Unbilled Receivables on Your Bottom Line

Common among subscription-based software-as-a-service (SaaS) businesses, unbilled receivables is revenue the company has earned, with invoices sent in arrears. Simply put, unbilled receivables equates to the amount of revenue that is billable....
tier pricing

Billing & Monetization

Your Ultimate Guide to Tier Pricing

While comparable, tier pricing and volume pricing are calculated differently and used to achieve different business objectives. A favorite among software-as-a-service (SaaS) companies, a tiered pricing model refers to a step decrease...
billing system architecture

Billing & Monetization

8 Benefits of Flexible Billing System Architecture

On the surface billing is an easy concept to understand, however there are numerous independent applications that work in unison to create the billing system architecture. Each of these components provide the...
workflow automation

Business Process Management

The Importance of Workflow in Automating Billing Processes

Depending on your needs, workflow can be simple or it can be extremely complex. However, one thing is certain – when it comes to workflow automation, there are some misconceptions. Take for...
cloud based subscription management

Billing Platform Architecture

16 Benefits of Cloud-Based Subscription Management

Cloud services continue to evolve for businesses large and small (no matter the industry). This environment features many benefits like improved performance and high availability, business continuity, centralized data security, and cost...
saas pricing models

Billing & Monetization

An Overview Of SaaS Pricing Models

The software-as-a service (SaaS) market is worth about $3 trillion and could reach $10 trillion by 2030 McKinsey estimates.  With growth projections at extraordinary levels, getting your pricing strategy right is even...
debt management and collections system

Business Process Management

What Is A Debt Management & Collections System?

By 2Q2023, consumer debt reached an eye-watering $16.84 trillion – an increase of 4.5% from the previous year. U.S. credit card debt and other types of revolving loans surpassed $1 trillion in...