Usage-Based Pricing (UBP) is a pricing model where customers are charged based on their consumption of services or products, rather than a flat rate. This approach can complement or substitute the traditional recurring subscription models commonly seen in SaaS businesses. Typically, vendors offer a base subscription package and incorporate additional usage elements, like overages or usage-based add-ons, to provide more flexibility and alignment with customer usage patterns.

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However, billing operations and management for UBP are often done manually, introducing risk of errors with consequent revenue leakage. Manual billing process also place heavy and tedious operational demands each billing cycle for teams across Billing Operations & Finance, Product, and Sales. This is where m3ter can help.