M3ter is a pricing operations platform that automates the transformation of complex customer usage data into accurate billing line items, enabling real-time invoicing for B2B software companies. It addresses billing challenges caused by intricate pricing models and revenue leakage, streamlining the quote-to-cash process while enhancing cash flow and customer satisfaction.
Funding
$33.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
B2B software companies face challenges in accurately billing customers due to complex pricing models, usage-based billing, and intricate product usage data. This complexity leads to billing operational challenges, revenue leakage, blocked sales teams, poor customer experience, and slow time-to-market for new features or products.
Solution
M3ter is a pricing operations platform designed to automate the transformation of complex customer usage data into accurate billing line items, supporting usage-based and hybrid pricing models. The platform ingests, enriches, and stores complex usage data, enabling the implementation and iteration of any pricing model. M3ter integrates with existing CRM and ERP systems, such as Salesforce and NetSuite, to complete and unify the quote-to-cash process. By automating billing processes and providing real-time revenue insights, M3ter helps companies streamline billing, prevent revenue loss, and improve customer satisfaction.
Target Audience
M3ter targets finance and billing operations, product, engineering, and sales and customer success teams within B2B software companies that utilize complex pricing models and usage-based billing.
Features
- Robust infrastructure for processing high volumes and velocity of usage data with minimal pre-processing requirements.
- Flexible architecture that fits into existing systems and stores unaggregated data for experimentation and audit capabilities.
- Powerful pricing engine to define how usage is measured and apply complex aggregation rules.
- API-first, extensible framework with pre-built object mappings for integrations with Salesforce, NetSuite, and other systems.
- Automated connections to existing data sources for seamless data flow.
- Real-time bill recalculation capabilities.