Cloud billing has become a fast evolving trend which is being adopted by vendors all over the online world. It is a form of usage based billing in which the user is required to pay a monthly fee which is fixed, along with charges for any additional usage. This kind of cloud billing system have been popularized by mobile phone companies which charge the users on the basis of their usage. In other words this system can be explained as where the service's value is determined according to the service's usage. The importance of metered cloud billing solutions can be understood from the reasons mentioned below.
Metering makes cloud billing for utility, irrespective of its size. This system can benefit everyone, from the start-ups to well established companies offering their services over the internet. Working seamlessly with your current billing system, metering can make this task easier.
By integrating the latest and advanced automated metering as well as account packages, it offers flexibility of using the cloud based services. Companies can opt for the best one from plenty of packages which are being offered in the market these days.
The usages based billing models are being developed with tremendous efforts. With a properly integrated and installed metered billing system, the company can ensure regular and even flow of revenue, as well as offer its clients better flexibility in terms of pricing.
This is the reason why metering is crucial for cloud billing, as without metering it will become utterly difficult to keep a track of the usage of each customer.
When it comes to packages there are plenty of options available to vendors in relation to cloud billing.
They can adopt any plan which suits their needs and offers convenience to their users. Whether it is pay per month or pay per usage, they can offer their clients an easy and simple solution to deal with the billing process.