What is Lotus?
Lotus is an open-source pricing and billing engine for businesses of any model, including usage-based, per-seat, and custom pricing. Use the real-time system to optimize, test, and deploy your pricing, and streamline metering, entitlements, and invoices.
Problem
Businesses with various pricing models, including usage-based, per-seat, and custom pricing, struggle to optimize, test, and deploy pricing strategies efficiently. Handling metering, entitlements, and invoices is also cumbersome and inefficient, leading to potential revenue leakage and customer dissatisfaction.
Solution
Lotus is an open-source pricing and billing engine that enables businesses of any model to optimize, test, and deploy their pricing strategies in real-time. It streamlines metering, entitlements, and invoices, making the entire billing process more efficient.
Customers
Business owners, financial managers, and pricing strategists across various industries looking to implement or refine usage-based, per-seat, or custom pricing models.
Unique Features
Its open-source nature allows for high customizability, support for a wide range of pricing models, and real-time optimization capabilities.
User Comments
Highly customizable and flexible
Support for diverse pricing models is a game-changer
Real-time optimization has significantly reduced billing errors
Open-source nature allows for community-driven improvements
Streamlined billing process enhances customer satisfaction
Traction
Due to the nature of the provided links, specific quantitative traction data could not be obtained. Please check the official website or Product Hunt page for the most current statistics.
Market Size
The global billing and invoice system market size is expected to reach $20.8 billion by 2026, growing at a CAGR of 13.6% from 2021 to 2026.
