Host Umair Javed, CEO tkxel, chats with Jayaram Bhat, CEO & President, Monetize360, about how Monetize360 is bringing the best-in-class, no-code pricing and billing solution to the fintech market and how it helps companies to implement agile billing and revenue management solutions.
1. The cost of running the outdated systems & software is one major concern. This spending mainly included ageing legacy systems, which posed efficiency, cybersecurity, and mission risk issues.
2. In the pricing and billing space, there are products that were built for perpetual license and subscription, but now they don't have the ability to handle complex usage-based pricing. These inflex systems are driving the move from legacy systems to modern systems.
3. The shift from a monthly-based subscription model to usage-based pricing can cause an initial drop in revenues but strategically It would make the end-users more liberated and willing to use the services knowing that they would be charged for the usage only.
4. Monetize360’s usage-based pricing model is a self-configured platform designed for large implementations, enterprise levels & scalability.