Dynamic Billing

Define your own creative pricing models with ease

Request a Demo 14-Day Test Drive

Get The Most Out of Your Unique Business Model

Pricing is the most powerful lever for driving or destroying the operating margins of a company. With the most effective pricing strategies and tactics in place, you can increase your return on sales if done right.

Request a Demo

Set and change the price of your products with ease

Price your products to reflect cost plus value

Caution! Don’t charge more than what’s fair

Deliver Creative Pricing Strategies to
Grow Your Bottom Line

There are times when pricing your products can be as straightforward as setting a flat monthly price or billing base on the usage. Other times you might like to be a bit more creative and charge based on a combination of factors or with formulas. Only BillingPlatform offers the ability to create dynamic pricing. Whether that be appling mathematical or logical operators or functions, dynamic pricing lets you get the most revenue out of your products.

Formula-based Pricing

Calculate the price for a product based on a formula that can take multiple conditions or attributes into account, using the same concepts as formulas in Excel.

Examples: pricing based on physical dimensions such as length and width or pricing based on distance traveled plus time of use.

Time-based Pricing

This model uses effective dates and/or times of day the service is used to determine the rate to charge.

Examples: charge based on time of day – charge more during rush hour than using the service mid-day or pay more for streaming service from 8:00 pm – 10:00 pm than during other times during the day.

Demand-based Pricing

Also referred to as surge pricing, this model allows the price to fluctuate based on customer demand.

Examples: charge more for an airline ticket 3 days in advance of take-off or charge more for a parking spot as availability declines.

Event-based Billing

Event-based billing allows businesses to automatically send invoices in response to specific events that are defined based on usage or other related account or product changes.

Segregate like usage charges into separate, smaller invoices that can be routed to different payers in real time to create a more continuous flow of revenue.

Example: bill based on acceptance of a project, delivery of a specified number of widgets or percent completion.

Additional Resources

Billing & Monetization

Get Paid As Soon As Possible with Invoice…

Subscription-based, usage-based, tiered, freemium, flat-rate, fixed-price, bundled, feature-based, release-based, hybrid, and more. One thing you can...

Blog

Removing Boundaries With Formula Based Rating

Traditional Rating Traditionally, rating is defined as a rate applied to a quantity or interval. A...