What Is Telecom Billing and How to Choose Billing Software for IoT Devices
by Jim Greco on May 15, 2025 10:31:16 AM
A seamless telecom billing cycle is essential to earning customer loyalty and maintaining a profitable business. Billing for telecom services is not just about collecting monthly payments and reconciling accounts, it's an opportunity to demonstrate your brand’s exceptional service and …
Are Telecom Expense Management Systems a Fit for IoT Business Models? A Deep Dive
by Jim Greco on Apr 25, 2025 10:58:43 AM
Telecom expense management reduces a company’s expenses by integrating billing automation and data analytics into a single portal. In the telecom, cellular connectivity, and IoT management industries, access to data-driven metrics and transparent cost assessments are essential for sus …
Top 14 Challenges with IoT Billing and How to Solve Them
by Jim Greco on Apr 21, 2025 8:15:00 AM
IoT enables OEMs to transform devices into solutions, delivering ongoing value and generating new streams of recurring revenue. But when it comes to monetizing these offerings, billing is rarely simple. Unlike traditional products or even many SaaS models, IoT billing brings its own s …
What Is an IoT Platform?
by Frank Greer on Feb 5, 2025 1:00:00 PM
Deploying an IoT solution brings significant value to businesses, but it also introduces complexity. From connecting devices to managing data, the multilayered architecture of IoT projects can be a challenge to navigate. Without a centralized IoT platform, you’re left piecing together …
IoT Monetization: 5 Best Strategies to Monetize Your IoT Solution
by Ralph Heredia on Jul 25, 2023 4:11:48 PM
In the past, OEMs primarily focused on selling physical products, but this approach is no longer sustainable for IoT products. The inclusion of connectivity and cloud software in IoT devices introduces ongoing costs for OEMs. As the demand for connected devices and data continues to r …
An Introduction to Monthly Recurring Revenue (MRR)
by Jim Greco on Jun 9, 2023 12:22:08 PM
The Internet of Things (IoT) is rapidly expanding with opportunities for new connected devices. However, the ongoing connectivity and hardware costs associated with IoT devices can pose a significant challenge for OEMs trying to monetize their products. Adopting a recurring billing mo …
What is Consolidated Billing? Benefits + Examples
by Jim Greco on May 4, 2023 12:19:42 PM
Consolidated billing allows multiple bills for the same customer to be combined into a single invoice. This approach offers great simplicity and flexibility in billing and payments for both businesses and consumers. While consolidated billing is a popular strategy for any business pro …
What Is a Billing Solution and How Can It Grow Your Business?
by Jim Greco on Mar 21, 2023 12:35:54 PM
In the world of cellular IoT, a streamlined billing solution is vital to managing and monetizing an IoT product. The IoT industry has unique requirements, such as massive-scale deployments of thousands of devices (some with different subscription start dates) and multiple relationship …
How to Sell a Subscription for Your IoT Product
by Ralph Heredia on Jan 9, 2023 12:44:09 PM
Although several different pricing models can effectively capture IoT value, one of the most popular is the subscription model since it allows businesses to monetize the value for the initial purchase and for ongoing use. Selling a subscription for an IoT product has several unique el …
What is Subscription Billing Software?
by Frank Greer on Jan 4, 2023 12:10:20 PM
Standard pricing approaches don’t fully harness the potential of IoT businesses that want to allow their end customers to activate their own devices and select their own data plans. New monetization strategies are helping OEMs capture as much value as possible while benefiting custome …
6 Great Examples of IoT in Retail
by Frank Greer on Jan 17, 2022 8:00:00 AM
Adoption of the internet of things is growing exponentially across many sectors, and that includes retail. In fact, over 70% of North American retailers have expressed an interest in reinventing their supply chain with IoT-enabled solutions. When you think of the hundreds of thousands …
Guide to IoT in Transportation (+Examples)
by Frank Greer on Sep 20, 2021 11:56:34 AM
The Internet of things (IoT) is improving the safety and efficiency of both public and private transport, benefitting municipalities and businesses operating in the transportation industry. The market growth projections for IoT in transportation are astounding, though not surprising, …