Business
DealHub.io Acquires Usage-based Billing Company Subzee
Global Banking & Finance Review®
Company
Austin, United States, June 27th, 2023, FinanceWire
Austin, United States, June 27th, 2023, FinanceWire
DealHub.io, today announced the acquisition of Subzee, a billing platform specializing in managing usage and recurring pricing models, expanding its leading CPQ into a complete Quote-to-Revenue platform. The new offering empowers Sales and Finance teams to seamlessly manage the entire revenue lifecycle, addressing all revenue streams including recurring, one-time, milestone, consumption and PLG.
As the adoption of new pricing schemes, such as usage-based pricing, continue gaining momentum, organizations are struggling to incorporate these new models into their existing revenue streams. This has increased the complexity of generating accurate billing schedules and forecasts, as well as effectively tracking SaaS metrics, revenue recognition and sales compensation. With DealHub’s new billing capabilities to process and consolidate consumption data from multiple sources, and automatically associate relevant subscription plans and rates, this becomes a breeze.
“PLG, self-service portals and usage-based pricing have rapidly emerged as key revenue streams, yet existing billing solutions are unable to effectively incorporate them into their revenue flows.” stated Eyal Elbahary, DealHub’s CEO. “We chose to incorporate Subzee due to its proven ability to provide CFOs a single source of truth across all revenue streams.”
About DealHub.io
DealHub offers the most complete Revenue Growth Hub that improves Sales-to-Revenue efficiency, predictability and growth. DealHub’s unified CPQ, CLM, Subscription Management, and Billing stack, powered by guided selling playbooks, transforms antiquated, siloed, manual processes into streamlined, insight-driven, actionable and engaging revenue flows. Leveraging DealHub’s DealRooms, sellers and buyers can digitally collaborate on every aspect of a deal, spanning all sales stages, and deliver a B2B self-service buying experience.
For more information, visit dealhub.io or follow DealHub on LinkedIn.
Usage-based pricing is a pricing model where customers are charged based on their actual usage of a service or product, rather than a flat fee. This model is increasingly popular in software and subscription services.
A Quote-to-Revenue platform is a comprehensive system that manages the entire revenue process, from generating quotes to recognizing revenue, ensuring efficiency and accuracy in financial operations.
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