As more and more businesses are turning to the cloud for an easier and more effective monetization system, IDC recently forecasted the billing market to total $21.9 billion in 2015. As this market continues to grow, ISV customers are in need of an effective end-to-end billing solution in the cloud. To meet these demands, MetraTech, a provider of billing solutions, along with Microsoft announced Metanga, MetraTech’s multi-tenant SaaS based billing solution on Microsoft Windows Azure at GigaOM’s Structure in June.
Metanga now offers Microsoft customers with the shortest path to cloud-based billing solution to service monetization. The solution will enable the management of customer enrollment, product catalogs, pricing, promotions, invoicing, customer self-care and payment capture for customers, providing an end-to-end billing solution that empowers faster, easier and more effective monetization. It comes with SOAP and REST APIs.
The SaaS-based solution comes with a typical pricing model between $10 and $60 per month based on storage and transfer volume.
I had the chance to interview Curt Raffi, Product Marketing Manager at GigaOM’s Structure event in San Francisco in June:
Here is a quick product demonstration of their billing solution:
Metanga is the multi-tenant, cloud-based service of MetraTech, the leading provider of agreements-based billing and compensation software. MetraTech is backed by technology investment leaders including Accel Partners, Bessemer Venture Partners, Prism Venture Partners, and Vesbridge. Its on-premises or managed service MetraNet solution powers billing for market leaders like Microsoft, Depository Trust & Clearing Corporation, and the City of Chicago.
MetraTech puts years of award-winning industry experience solving the world’s most challenging billing problems behind its Metanga solution. Geared toward fast growing, entrepreneurial organizations, MetraNet and Metanga offer scalable, end-to-end enrollment, account management, dynamic pricing, product management, billing and customer self-service tools.
The Agreements Based Billing and Compensation solutions you need to monetize your subscription or consumption based model via the delivery mechanism of your choice.