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5 Benefits of Automated Billing Mediation

Mediation transforms raw usage data into actionable information for calculating charges, addressing billing errors, preventing inaccurate invoices, and notifying customers about usage thresholds.

Billing for usage involves converting raw data into invoice-ready information, enabling businesses to bill by usage, consumption, or pay-as-you-go models.

Complex billing systems face challenges in data mediation, especially as data sources increase. A flexible billing system that interfaces with disparate data sources and handles complex mediation requirements is essential for accurate and efficient billing. 

Chris Brown
Oct 2, 2024
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IoT Monetization Models Explained

For fast-growing companies, recurring billing and subscription management strategies accelerate growth and generate recurring revenue. The Internet of Things (IoT) is revolutionizing business by creating new revenue streams and products. Companies quick to adopt this technology can capture significant value.

Tim Neil
Oct 1, 2024
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Benefits & Best Practices For Accepting Recurring Payments

Accepting recurring payments offers numerous benefits for SaaS businesses, including predictable revenue, enhanced customer experience, and improved cash flow. However, implementing an efficient recurring payment system requires adherence to best practices to maximize these advantages.

Ryan Susanna
Oct 1, 2024
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Mediating Usage Feeds with Powerful Configurations and Transforms

As organizations grow and handle diverse usage feeds, managing and maintaining these feeds becomes costly. Simplifying this process requires a flexible set of rules to ensure data conforms to the billing system's format. LogiSense offers powerful tools to update these rules easily, either through a user interface or API calls, facilitating smooth integration of new feeds.

Chris Brown
Sep 24, 2024
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Growing Customer Acquisition: Can Your Billing Platform Make an Impact?

In today's competitive landscape, customer acquisition is paramount for SaaS, Telecom, and IoT businesses. An often-overlooked tool in this endeavor is the billing platform. A robust billing system can significantly enhance customer acquisition by providing flexibility, scalability, and a superior customer experience.

Chris Brown
Sep 23, 2024
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Challenges of Usage-Based Pricing and How to Overcome Them

The usage-based pricing model is highly effective, with reports suggesting public SaaS companies using this model forecast 38% more revenue growth. This approach aligns product value with billing, lowers entry costs, and supports customer growth, reducing churn.

Adam Howatson
Aug 30, 2024
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Managing Import/Export of Data

Effective data management is crucial for maintaining operational efficiency and ensuring data integrity. Here’s how IT leaders can optimize their data import/export processes and how LogiSense can support these efforts.

Tim Neil
Aug 27, 2024
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How To Succeed with Usage-Based Pricing?

In today’s dynamic marketplace, consumers demand maximum value from products, driving companies to innovate their pricing models. The rise of the subscription and sharing economy emphasizes transparency, customized pricing, and real-time tracking, impacting the B2B SaaS industry significantly. Customers now prefer paying only for what they use, finding it more affordable with lower initial commitments.

Organizations adopting usage-based pricing can attract a broader customer base, outperform competitors, boost revenue, enhance customer retention, and foster stronger customer relationships. Embracing this model ensures alignment with market trends and customer expectations.

Chris Brown
Aug 24, 2024
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API First Design

API-first design has become a crucial strategy for modern software development. By prioritizing APIs at the beginning of the development process, organizations can ensure seamless integration, scalability, and efficient operations across various platforms. Here’s why API-first design is essential for IT leaders.

Chris Brown
Aug 23, 2024
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