eVapt Monetization Platform : Billing & Metering
Cloud Computing businesses are generally dynamic and involves high transaction's. Some applications will have simplistic scenarios of a one time sale, others will have usage based charges and others recurring in nature. This process involves risks of over-pricing some customers and under-pricing others. And it is also important to align the physical usage with billing in order to protect the customers from over-rate charges. eVapt Billing module is highly flexible to address various business models of service providers to achieve their revenue acceleration, revenue assurance and improved operational efficiency. Billing module of eVapt handles Pricing, Metering, Rating, Charging, Taxation and Discount management.
- Charges and billing cycles
- Discounts and Commissions
Charges and Billing cycles
Accurately applying charges and ensuring that there is no revenue leakage is very critical to a service provider. eVapt has a mutually exclusive, collectively exhaustive definition of different types of charges ( recurring and non-recurring charges, usage charges, one time charges) to ensure that all relevant charges are considered while billing the customer. From the customers viewpoint, it is possible to opt for a convenient billing cycle and understand the bill presented easily, due to its easy-to-understand charge classification.
eVapt supports the following models:
- Pre-paid, Advance and Post-paid billing models
- Flat-rate and usage-based billing to support On-demand content, Cloud Infrastructure, SaaS and PaaS providers.
A flexible rating engine allows the service provider to bundle services in a highly innovative way and increase the sales push by adding promotional schemes. They would also wish to differentiate their offerings by being able to rate and bill for their complex service mix. This feature is enabled by the metering and rating functionality in eVapt. Say, for billing the Data Center service, the rating engine would enable the user /application administrator to define different prices for Disk Storage Consumption, bandwidth Consumption, CPU Hour utilization.eVapt's flexible and extensible rating engine allows service providers to gain from the aforesaid advantages.
Unit Rate Plan: Charges for each usage event (CDR) can be calculated with no relation to other CDRs. i.e. price per unit is constant.
Incremental rate plan: Price per unit varies depending on the total usage
Time based rate plan: Day of the week, day of the year and time of the day are taken into consideration to define different rate plans (Off peak, holidays, business hours etc)
Discounts and Commissions
Global reach allows you to enter into new markets and create greater business opportunities. During this you may plan for competitive discounts and commisssions inorder to retain a better long term relationship with service providers, customers or partners. Evapt system helps in defining discounts and commissions to different customer types, partners or to an individual.
Service providers operating in multiple geographies need to handle complex tax structures to meet the local statutory requirements. Taxation feature of eVapt enables the service provider define different taxes like VAT, Service tax, Entertainment tax, Tax on Tax, etc based on business requirments.