All Usage-Based Billing Systems Are Not Created Equal; The MTZ360 Monetization Cloud Is Built for Monetization Leaders - PR Web

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Monetize360 MTZ360 Monetization Cloud
LOS ALTOS, Calif. (PRWEB) March 01, 2022
Monetize360, the financial technology company bringing best-in-class, no-code monetization solutions to market, today announced MTZ360 Monetization Cloud. The company’s flagship product is purpose-built for usage-based billing, offering a no-code “drag & drop” platform that gives customers a nearly endless number of pricing scenarios, all while delivering one of the fastest time-to-market in the industry.
The market is shifting to usage-based
Billing and monetization are increasingly recognized as valuable functions within the enterprise. Forrester Senior Analyst, Lily Varon, authored a January 2022 report entitled, “Empowered Buying Requires Powerful Billing Technology" in which she wrote, “Firms need the ultimate flexibility to simply configure and reconfigure the monetization strategies and accurately map to and manage their increasingly diverse and dynamic revenue supply chain — including its customers, partners, products, channels, and business models.”
MTZ360 Monetization Cloud is particularly well-suited for financial services, insurance, healthcare and SaaS companies or any company offering digital products or services where consumption or usage-based billing models are being deployed.
“CFOs and finance teams are expanding their tech stack to become more adaptive and resilient. At the same time, product teams are looking to better monetize their products and services. As such, some estimates suggest that 40% of companies are already, or plan to, experiment with usage-based billing this year. Don’t let your pricing and business strategy be limited by your current billing system. In the usage-based billing world, our end-to-end MTZ360 Monetization Cloud stands far above the rest,” said Jayaram Bhat, CEO of Monetize360.
The value MTZ360 Monetization Cloud delivers
With MTZ360 Monetization Cloud, customers can automate their financial processes and quickly monetize their products and services, via simple drag-and-drop interfaces. No custom development, no costly time delays. If a legacy system is in place, or a company is migrating from simple subscription pricing models to more effective usage or consumption-based models, Monetize360’s MTZ360 Monetization Cloud seamlessly integrates with virtually any existing billing infrastructure.
The machine learning-based price modeling and simulation engine forecasts any potential pricing scenario, which improves outcomes for sales teams and benefits the bottom line. The ability to customize pricing all the way to the individual deal offers customers a significant competitive advantage when compared to organizations that are locked into system-wide models.
Retrofitting legacy systems delivers subpar outcomes
Older or legacy billing solutions require a lot of customization to deliver usage-based billing and even then the solutions are clunky and require significant know-how and extensive developer time. This makes the projects very expensive in terms of both time-to-market and actual costs. Total estimates are 4-6 times the cost of the software itself, with project timelines stretching into years to deliver, and next to no agility.
“While other companies are trying to force-fit usage-based billing capabilities onto their legacy systems, MTZ360 Monetization Cloud is a future-forward product. Today, we are supporting world-class finance and product teams. And, our underlying infrastructure is designed with future generations of billing needs (IaaS, PaaS, IoT, Web3, etc.) in mind,” Bhat added.
Key Benefits of MTZ360 Monetization Cloud:

Key features of MTZ360 Monetization Cloud
Intelligence Hub: The center of Monetize360’s no-code approach to monetization, the Intelligence Hub streamlines deployment of even the most complex pricing and billing scenarios, without the need for development time or expense.

Pricing Studio:

Billing Studio:

Analytics:

Where to find us:
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About Monetize360: We're proud to be the financial technology company bringing the best-in-class, no-code monetization solutions to market. Our customers automate routine financial processes and quickly monetize their products and services, in even the most complex scenarios. No pricey custom development, no arduous onboarding required.
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