The subscription business model has been around for longer than most people might realize. Remember the old days when people had milk delivered to their door? That could be called a subscription service or subscription business model . You subscribed to have the milkman deliver milk directly to your door in return for payment. You’d…
DetailsWe are sure, that if you were on the lookout for billing and rating providers, you came across Chargebee. Many companies dealing with subscription and usage services sooner or later come to require a versatile rating and billing solution. Perhaps marketing niches caused their product catalog to expand, or maybe they began offering additional services.…
DetailsCompetition between companies has become much fiercer in the digital era. It’s not something anyone can – and should – get involved with. If you’ve been in business for a long time now, such as over 20 years, then you have to be extra careful of the industry “disruptors”. Some of the biggest companies in…
DetailsWhen you have been maintaining your Oracle BRM (Billing and Revenue Management) configuration for some time, you begin to realize that the amount of configured entities keeps growing. By this time, it is very likely that you also developed some customizations and integrated with additional solutions. The evolution of your environment leads to a complex…
DetailsImagine living in a world of subscription model economy where no one owns what they have. You lease, rent, subscribe and borrow things, but you don’t own them. This might sound like an exaggeration of where things may go, but some of that is happening to us right now – subscription model. Subscription based…
DetailsWhat is IoT billing? Before answering that, we need to understand what the Internet of Things (IoT) is. In one of our previously written articles, we explained everything about the Internet of Things. This time we will discuss about IoT billing, challenges, and keys to solving them. The connection between our smart devices and everything…
DetailsInternet of Things, commonly known by its abbreviated name IoT, is used to describe the numerous devices available globally that are capable of connecting to the internet via Wi-Fi or sensors. IoT is simply a vast network of devices with an internet connection. These devices are capable of gathering data for exchange and analysis. Almost…
DetailsTo get ahead of the ever-growing competition in the telecom industry, Telecom providers need to deploy a cutting-edge software solution to cover their Telecom billing process, which needs to support quote-order-cash business process. Telecom billing should be timely and accurate; this would ensure that your clients or subscribers are happy and retained. A bad customer…
DetailsWill the pay-as-you-go pricing model be the next big trend to hit major industries? As a subscription, media, communication, and IoT service provider, you must stay connected with industry trends and standards to remain relevant. Therefore, we have decided to analyze the consumption-based pricing model and what it would require to transit into a usage-based…
DetailsSubscription-based billing is considered to be a simple and effective pricing strategy, and there are a lot of advantages to using it. With that said, many businesses are opening their eyes to the more complex but also more flexible and creative, pricing package option, consumption-based billing. Consumption-based billing isn’t as popular as other kinds of…
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