Usage metering is the method used in business models where customers are charged based on the usage of a product or service. It helps as-a-service companies to launch and optimize usage-based pricing by providing accurate and detailed usage summary records to the billing system, without the need to replace existing billing or other systems.

To do metering Usage data is a key, usage data is information about how, when and where a customer uses a service or product. Usage metering, on the other hand, is the process of monitoring, measuring and recording usage data. The data collected through usage metering can then be used to calculate charges under a usagebased pricing model.

Usage metering is a Usage Engine Extension purposely built to provide solution to complex usage-based billing problems which requires advanced usage-data management and metering capabilities. It empowers companies to easily launch and optimize usage-based measuring the usage of assets, transactions, and events over different time periods without any changes to existing billing systems.

Usage metering provides standard APIs as well intuitive graphical user interface which can be used to manage and access all metering related information. This empowers businesses with a faster product time-to-value, driven from vastly reduced technical complexity.

Usage metering enables users to create a metering solution based on individual business cases with a low-code experience. There are key features such as customer meter creation using APIs, various data ingestion method, usage event guiding, data grouping or itemization, billing periodicity, in-built data correction and other out-of-the-box components.
Since Usage metering is built on Usage Engine which contains all relevant data mediation capabilities such as correction, and verification, data quality can be guaranteed before processing and metering without requiring any additional integration tools.
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To do metering, the first step is to identify what what and how to measure.

The products and usage can be configured based on the metrics relevant to your industry, service, and customer, for example:

Subsections

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