Pricing Studio
Optimize Revenue with Flexible, Agile Pricing Strategies
Our proprietary 4M methodology—Measure, Monitor, Model, Monetize—forms the backbone of our Pricing Studio, empowering businesses to create, test, and implement innovative pricing strategies with precision. By integrating this methodology, Pricing Studio enables you to measure the effectiveness of different pricing models, monitor performance in real time, model potential outcomes, and monetize your offerings efficiently. The result is a dynamic and agile billing platform designed to optimize revenue and drive business growth.
Experiment with Product and Service Bundles (Measure & Monitor)
Measure the impact of different IoT device bundles, data center resources, and API services using our intuitive drag-and-drop interface. Monitor real-time feedback and performance metrics to identify the most profitable combinations, ensuring your offerings are tailored to market demands.
Simulate Pricing Plans Across Multiple Metrics (Model)
Model various pricing scenarios, such as usage-based or subscription-based, for API call volumes or data center consumption. Simulate potential revenue outcomes, allowing you to predict the financial impact before implementation, reducing risks, and optimizing pricing strategies for maximum profitability.
Streamline Pricing Plan Approvals with Workflow Support (Monitor & Monetize)
Monitor and streamline the approval process for complex pricing strategies, ensuring all plans, including those involving IoT data and cloud services, are vetted and approved swiftly. This agility accelerates time-to-market and helps monetize new pricing models quickly, driving revenue growth.
Eliminate Errors with Automated Price Book Uploads (Monetize)
Automate price book uploads to ensure consistency and accuracy across all pricing channels, whether you're updating API rates or adjusting data center pricing. This reduces manual errors, enhances operational efficiency, and safeguards your revenue streams, supporting your monetization goals.