“Simplifying Consumption-Based Billing: The Impact of OpenMeter on Enterprise Monitoring”
In enterprise software-as-a-service (SaaS), usage-based pricing, a pricing model in which customers are charged only when they use a product or service, is gaining ground.
According to a report from VC firm OpenView, ~60% of SaaS businesses offer some form of usage-based pricing today.
But while usage-based pricing has its advantages, it can be tougher to keep tabs on from a billing perspective.
There, he ran into blockers collecting usage-based pricing data from different providers and infrastructure and aggregating and analyzing this usage together.
“Competitors in the usage-based space only cater to the revenue teams with a closed-source, billing-first approach,” he said.
