Amberflo Metering Cloud is a metering service that tracks and measures the usage of a particular resource or service, in real-time. The key features of a usage-based metering service include:

‍Real-time Tracking: The service continuously monitors and records the usage of a specific resource or service in real-time. This allows for accurate and up-to-date information on consumption patterns.Granular Measurement: Usage is measured at a granular level, providing detailed insights into how much of a resource is consumed. This granularity allows for precise billing and resource optimization.

Variable Pricing: Instead of fixed pricing plans, users are charged based on the actual usage of the service. This flexible pricing model is advantageous for both service providers and consumers, as it aligns costs with actual consumption.‍

Scalability: The model is well-suited for scalable services where usage can vary significantly. It allows businesses to scale their operations up or down based on demand, and users only pay for the resources they use.‍

Cost Transparency: Users can easily understand and track their usage, promoting transparency in costs. This transparency is beneficial for budgeting and cost management.

‍Automation: Usage-based metering services often integrate with automated billing systems. This automation streamlines the billing process, reducing manual intervention and ensuring accuracy.
Customized Reporting: Users can access detailed reports on their usage patterns, helping them make informed decisions about resource allocation and optimization.‍

API Integration: Many usage-based metering services offer APIs (Application Programming Interfaces) that allow seamless integration with other systems, enabling businesses to incorporate usage data into their workflows and applications.‍

Security and Compliance: These services often incorporate robust security measures to protect usage data and ensure compliance with relevant regulations.‍

Hyper Scalable and Highly Available:  These services often incorporate robust security measures to protect usage data and ensure compliance with relevant regulations.

Key Benefits

Close deals faster with accurate quoting and approvals 

• Increase revenue while saving costs by eliminating expensive solutions and integrations
• Fast time to deployment. No complex integrations needed
• Rapidly monetize AI/ML based products and features
• Fully automate quote to revenue cycle with realtime usage metrics and insights
• Eliminate remediation issues and increase customer satisfaction

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With the launch of Amberflo Quoting Cloud, businesses now have access to an advanced Configure, Price, and Quoting (CPQ) service that simplifies the sales process for those using usage-based pricing models. By combining Quoting Cloud with our existing Metering and Billing Cloud platform, Amberflo enables businesses to fully embrace and optimize usage-based pricing strategies and business models.