How It Works
Gone with complicated homegrown billing systems.
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Simplifying
Usage-based Pricing
Customer Wins. They only pay for what they use. Can grow into your product. Business wins. Easily onboard customers. Effortlessly grow accounts. Maximize how you monetize.
The Monetization Journey
Our system turns usage data to $, so we can help you maximize monetization for usage-based plans.
- Get real-time revenue and usage of your customers
- Properly audited revenue and usage data for purposes of accounting.
- Find out when customer usage starts to drop.
The Monetization Journey
Our system turns usage data to $, so we can help you maximize monetization for usage-based plans.
- Get real-time revenue and usage of your customers
- Properly audited revenue and usage data for purposes of accounting.
- Find out when customer usage starts to drop.
The Monetization Journey
Our system turns usage data to $, so we can help you maximize monetization for usage-based plans.
- Get real-time revenue and usage of your customers
- Properly audited revenue and usage data for purposes of accounting.
- Find out when customer usage starts to drop.
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Manage the Customer experience
Provide a branded experience to customers to view usage and manage their subscription. Seamlessly transition customers between price plans. Configure notifications for usage thresholds and payment events.
Learn More
Automate usage-based billing
Automatically generate customizable, usage-centric invoices with your company’s logo. Charge customers with your preferred payment provider.
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Iterate on Pricing
Test new pricing strategies by backtesting new plans against real customer data. Empower x-org collaboration by providing visibility into pricing decisions. Run analysis to optimize and discover new value metrics.
Learn MoreSimplifying
Usage-based Pricing
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1 Send Usage
View real-time usage with Octane's powerful APIs. Integrate in minutes with our drop-in metering system.
2 Convert to Revenue
Octane turns usage data to revenue and helps you maximize monetization for usage-based plans.
3 Send Invoice
Charge customers with your preferred payment gateway. Automatically generate customizable invoices with your company’s logo.
Let's Get Started
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Step 1 Alignment
Pick Metrics
Usage based billing per customer starts by metering applications and infrastructure. Meters can range from CPU usage to number of API requests. It is important to pick the right value metrics that are profitable for your business and valuable to your customers.
Step 2 Foundation
Create a Price Plan
Describe the metered price plans you want to charge your customers with.
Step 3 Customize
Connect to your Ecosystem
Easy integration with popular payment providers (Stripe, Paddle). Setup alerts when customer usage starts to drop (Slack).
Step 4 Insights
Monitor Usage
Understand your profitable meters by analyzing customer usage.
Step 4 Improvements
Roll Out Changes
Roll out new price plans to new and existing customers with ease. Iterate on price plans without writing code.
Step 5 Personalize
Keep Plans Fluid
Make changes to a single or segment of customer’s subscription. Offer usage-based trials and discounts.
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Step 1 Alignment
Pick Metrics
Usage based billing per customer starts by metering applications and infrastructure. Meters can range from CPU usage to number of API requests. They need to be clear to be used accurately in analysis and price plans.
Contact us for metrics in your industry
Step 2 Foundation
Create Meters
Measurements are handled differently depending on the associated meter definition. The most significant distinction is the relation to time, which is the reason for the two meter types: counters and gauges.
Gauge Metering
A fluctuating value (i.e., can increase and decrease over time). With gauges, the time between measurements is as important as the measurements themselves. Often times, it is the integral (i.e., area under the curve) that represents true usage.
Example: Number of active users, storage provisioned, number of running job.
Counter Metering
A monotonically increasing value (i.e., expected only to increase over time).
Example: API requests, files uploaded, inbound/outbound network traffic, function invocations.
Step 3 Setup
Register Customers
Register your customers with a single line of code.
Step 4 Customize
Assign Price Plans
Subscribe customers to a price plan. Through subscriptions you can customize a customer's billing cycle, price plan components, discounts.
Step 4 Measure
Send Usage Measurements
Send measurements corresponding to the meter from anywhere using Octane's REST API directly or client SDKs..
Step 4 Test
Monitor Data
After you create meters and start streaming data to Octane, you can view usage along the customer dimension.
FAQ
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