Metering.ai

We went down the rabbit hole of understanding the customer needs from first principles. After speaking with 100s of SaaS companies and founders, we realized the major considerations for product, finance and customer success teams to implement a new pricing model based on usage and generate accurate invoices for their customers:

• Manual effort of atleast 20 hours every month to generate invoices
• Automating it requires engineering bandwidth which is extremely hard to get
• Time taken to launch a pricing strategy is extremely high (>3 months)
• Maintain complex excel spreadsheets and Google sheets to manage your pricing in an unsecure manner
• Unable to trigger workflows or set alerts based on rules (eg: change price plan when a customer crosses a usage threshold)

We realized the need for a tool that could solve for the above for a product/finance/customer success team without the need to involve other stakeholders. This was a pain they faced but more often than not, the solution required external help. This is why we decided to build a solution that solved the need of the end user and not the external stakeholder.

Metering.ai is built on the same foundation as Togai and provides the scalability and flexibility to

• Convert raw usage data in format into Stripe invoices
• Apply any type of computation and transformation (we support everything that Excel does)
• Automatically push this information to Stripe
• With absolutely NO code or engineering effort.