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IoT Monetization Models Explained

For fast-growing companies, recurring billing and subscription management strategies help accelerate growth while generating recurring revenue. The Internet of Things (IoT) is revolutionizing the way we do business. The interconnectedness of IoT devices can create incredible new revenue streams and products, offering the potential to add value and generate income that only those who are quick to adopt new technology will be able to capture. 

Tim Neil
Apr 26, 2022
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Power of Automated Collections & Dunning

As an early-stage company, you probably track invoices manually with spreadsheets. But as your company grows and adds subscription and usage-based billing models and more customers, the number of invoices you have to track increases exponentially, as does the time required to manage them. Without an automated system in place to keep track of overdue invoices and automate your collections, you'll lose money.

Sunny Wu
Apr 5, 2022
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How to create a successful SaaS pricing strategy?

You've grown a loyal customer base, and your goal now is to find the right pricing strategy. But how much should you charge them? Should you charge them by the month, or according to their usage? When it comes to pricing, there isn't a magic formula that will work for all SaaS products. Your pricing strategy will depend on a variety of factors including sales cycle length, price sensitivity of your market, competition, and more.

Ryan Susanna
Mar 22, 2022
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5 Proven Ways To Streamline Your Collections Process

Payment processing is an integral component of running a business, and yet many companies continue to struggle with tracking payments and collecting them efficiently. Many modern businesses are still burdened by inefficient, outdated methods for collecting payments. 

Sunny Wu
Mar 8, 2022
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Challenges of usage-based pricing and how to overcome them

The usage-based pricing model just feels right. Some reports suggest public SaaS companies with usage-based pricing models forecast 38% more revenue growth than their contemporaries. Usage-based pricing models also align the value of the product with your billing interactions and make you more efficient at acquiring new customers by lowering the cost of entry and allowing them to grow over time. These models also prevent customer or ARR churn from dragging you under.

Adam Howatson
Feb 8, 2022
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5 Benefits of Automated Billing Mediation

Mediation is the process of transforming raw data usage information into information we can use to calculate charges, proactively address billing errors, prevent inaccurate invoices, and notify customers about usage thresholds. 

Chris Brown
Feb 1, 2022
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The Ultimate Guide to Billing within the Quote to Cash Process

Billing can be complex. And revenue control in billing is an important part of ensuring your customers are happy, your business succeeds, and the rest of the business functions well. Business solution providers are looking to remove friction from the selling motion, get paid faster, get paid more accurately, and be assured their customers are paying on time. The good news is that this can all be achieved with a comprehensive quote-to-cash strategy for B2B billing.

Ryan Susanna
Jan 18, 2022
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How to Boost Your Recurring Revenue with Usage-Based Pricing

Revenue from licensing fees has been a longstanding business model for enterprises. In recent years, the recurring billing model has helped businesses drive greater revenue compared to the traditional one-time payment model. 

Ryan Susanna
Nov 30, 2021
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5 Must-Have Traits For An Intelligent Billing Platform

Subscription-based businesses are enjoying an unprecedented level of success. They have been successful because they can scale easily in response to changes in demand, and retain customers for long periods of time; thus supporting a relatively predictable stream of revenue. As the amount of customer data continues to increase and subscription services become more complex, accurate and reliable billing becomes increasingly difficult. SaaS businesses still largely rely on outdated billing systems that have been repackaged to fit their needs for the short term which limits their growth potential. These billing systems do not provide the flexibility that modern businesses selling subscription services need and leaves a lot to be desired. 

Chris Brown
Sep 15, 2021
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