A billing system migration process does not have to be as hard as people are making it. It’s typically one of the riskier projects a company will embark on – and hopefully, only go through it once – but it can be easier. Our Global Services team has years of experience working through billing...
The Usage Economy has arrived—and companies that aren’t driving or adapting to the changing business landscape are going to be left in the dust. Usage-based transactions (or consumtpion-based billing), as the name suggests, are centered around customers paying for what they use. If you subscribe to...
Revenue from licensing fees has long been a staple for enterprises. Recently, recurring billing models have driven greater revenue compared to traditional one-time payments. Initially, customers welcomed subscriptions with flat monthly fees for core features. However, they now demand higher...
The Internet of Things (IoT) is rapidly expanding, with predictions of 27 billion devices connected by 2025, transforming both consumer and B2B sectors. This growth is not only introducing innovative devices into homes but also revolutionizing traditional machine-to-machine (M2M) communications,...
Selecting the right billing solution is crucial for enterprises looking to streamline financial operations, boost customer retention, and ensure compliance. This guide outlines the essential criteria for evaluating billing solutions. Selecting the right billing solution 1. Boosting Customer...
Subscriptions have simplified the customer buying process, but many companies are now opting for usage-based pricing for more customer-oriented services and revenue growth. Platform providers in IoT, Communications, Cloud, and Software need to handle complex billing for millions of customers...
Industry reports often assume that all connected devices operate 24/7, but this isn’t always the case. Large verticals we take for granted have peak seasons and off-peak seasons. For example, the film industry spikes with summer blockbusters, making it an ideal time to gather data on seating,...
Managing IoT contract commitments can be challenging, but understanding these complexities is crucial for success. Here’s how to navigate them effectively. Understanding IoT Contract Complexities IoT contracts are intricate due to diverse requirements such as ramp-up schedules, various states of...
According to the latest IoT industry reports, the global IoT market is expected to reach $1.1 trillion by 2026, driven by increasing adoption across various sectors such as healthcare, automotive, and smart cities. Monetizing IoT effectively requires innovative strategies tailored to this rapidly...
Your customers want to pay a fair price for products and services—and they want to receive value that’s commensurate to that cost. Choosing the ideal usage-based pricing model for your product is a great way to keep those two wants in alignment. If you’re unsure how to choose the right model in the...