Introduction
Billing with Vayu
With Vayu, companies can streamline and optimize their billing processes, regardless of the complexity of their pricing models or how dispersed their billing data is across various platforms.
Modern businesses offer a wide variety of pricing options including usage-based pricing, fixed fees, subscription costs, tiered pricing, discounts, promotions, and more. Companies aim to provide pricing that suits their customers’ needs, aligns with the products being used, and is sensitive to variations across geographies or subsidiaries.
Vayu’s vision is to make embracing total pricing flexibility fast, easy, accurate, and hassle-free, and Vayu provides just that.
Integrating with Vayu is straightforward and takes just a few hours through a simple RESTful API integration. Once integrated, Vayu’s platform can receive events of all kinds from your BI, CRM, and ERP systems. Any event, from any source, can be a billable event. How it’s billed is entirely up to you and can be configured using Vayu’s intuitive low-code/no-code interface, ensuring that commercial terms from diverse platforms are accurately reflected in your invoices.
Setting up pricing plans, templates, and contracts for specific customers can be done quickly and easily using the manual option within the Vayu platform. Alternatively, you can simply pull this data from your existing systems.
Once a billing plan is set up, all invoices are generated automatically at the designated times. You’ll gain real-time insights into customer usage and its effect on billing, with the flexibility to make adjustments at any time.
Architecture Principles
Vayu is designed to provide companies with complete autonomy over their pricing and billing.
Developer or data resources are only required for the initial integration. After that, product and sales teams can freely manage pricing models, while finance teams have the ability to bill customers accurately and effortlessly, regardless of the complexity of the data or pricing model.
What Developers Need to Know
The Vayu API is focused and direct: it is for logging in and for sending events. It takes two lines of code for your company to start being able to bill for metered events at scale.
Events Metering Flexibility
Event data can be from any source and can be unstructured. Events can be sent in real-time or in batches.
Scale
Vayu is built for scale, no matter how many events or how many different types of events you want to send and use for billing. The platform can digest and process millions of events per day.
No-code / low-code
Working with the event data (creating customers, subsidiaries, pricing models, invoices, etc.) can all be done by finance teams with absolutely no need for developer involvement.
Auditable
Vayu’s platform is built for high visibility and transparency, making auditing as easy as possible.
To review how easy integration with Vayu really is, take a look at our API reference documentation.
What Finance Professionals Need to Know
Vayu’s platform is designed to require minimal developer involvement. After just a few hours of work from your engineers or data team, you’ll be up and running. From there, the finance team will have complete control and flexibility over billing.
Intuitive
Vayu’s platform is intuitive and easy for everyone to use - no coding necessary. You can create customers, subsidiaries, pricing templates, contracts, invoices and more with ease.
Customizable
No matter how many different pricing models you need, you can easily manage them all and effectively bill your customers. Whether you need to combine tiered pricing with fixed fees, or a subscription base with usage-based pricing, Vayu makes it simple. Managing multiple subsidiaries with varying pricing and billing needs is effortless.
Automated
Once it’s set up, you’re good to go. Billing and invoicing will no longer be a headache, but rather a seamless and automated process. All that’s left for you to do is review and approve.
Flexible
With Vayu, it’s easy to renew contracts with new terms or update ‘live’ contracts with new products or discounts. Your billing can seamlessly adapt to your customers and their needs.
Accurate
Vayu leverages data from wherever you have it stored, to ensure that your billing always accurately reflects your customers’ usage. You can review their usage and its impact on billing at any time.
To see how easy it is to set up a pricing plan with Vayu, take a look at our platform guide.