Usage & Data
Pricing Usage Data
Processing Raw Data
The evolution of the Internet of Things (IoT) and maturing underlying technologies are giving businesses new and unique ways to communicate, connect and collect data like never before. With businesses bringing in unique offers and contracts to tap into and attract their customer base, there is an ever-increasing need to capture and monetize this data effectively.
With the ever-growing popularity of subscription and usage-based products and services, more and more software businesses are choosing recurring billing over one-time purchases. Even online retailers like Amazon are not left behind allowing you to set up recurring purchase items based on your chosen schedule. A recurring payment is a repeating transaction that reoccurs on a specific date range, and it enables businesses to automatically charge their customers’ accounts periodically on an agreed schedule. Businesses first obtain permission from the customer to charge their account, after which these payments are automatically processed until the customers cancel their service or opt-out of recurring billing. Accepting recurring payments accelerates your sales and augments the cash flow in the business.
LogiSense provides cloud subscription and usage-based billing solutions for customers all over the world, specializing in upper mid-market and enterprise deployments. LogiSense helps customers complete their quote-to-cash process with flexible, integrated, and automated billing solutions for the Internet of Things, Communications, and Software markets.
The biggest advantage of an API first platform is that you are able to connect that system into your other applications in a manner that meets your needs which then creates opportunities for business optimization and automation.
At LogiSense, we focus on building the best billing platform for B2B SaaS, IoT, and Communications industries. We understand how crucial providing a positive customer experience is for you. Today we are excited to introduce updates to our product which were made with the customer experience in mind.
As a SaaS business, I am sure you are familiar with the dreaded churn and the impact it has on your business's bottom line. Every business wants to reduce its churn rate as much as possible. The first step to significantly eliminate churn is to understand churn and how it occurs. This guide will discuss the key definitions of churn, its types, and tips to combat both voluntary and involuntary churn.
For the majority of companies looking to grow their business, customer acquisition is the primary method of focus. Large percentages of marketing budgets are targeted to activities to increase leads and improve overall brand awareness.
The Software as a Service (SaaS) industry has grown tremendously over the last few years. Customers prefer a blend of subscription and usage-based pricing, which allows them flexibility, control and transparency to adjust to changing needs and circumstances. It's also well-liked by businesses, as it provides them the opportunity to scale their business and remain competitive with new and ever changing product offerings and modes of monetization.
As a SaaS business, creating invoices and billing can feel like a huge task if you are still using manual or legacy billing processes. There are a lot of items to be tracked like recurring revenue, usage data, paid and unpaid invoices, etc., that can become overwhelming if your billing system is not equipped to handle the complexities associated with recurring payments.
Are you facing problems keeping your SaaS customers happy? Do you think you are suffering from lower organic growth? Are your customers churning?