Solvimon

We're proud to announce that TrueLayer, Europe's leading Open Banking provider, has selected Solvimon as their end-to-end monetization platform. In only two months, we migrated of all their bespoke pricing plans and thoroughly stress-tested the platform before going live. TrueLayer will leverage Solvimon's Quoting, Metering, Pricing and Billing modules to streamline its quote-to-cash process and we're excited to support their future expansion and monetization goals!

Is your business prepared for the global shift towards #eInvoicing? By 2026, numerous countries across the EU and beyond will mandate electronic invoicing for B2B transactions, with several already enforcing regulations for specific transactions. The requirements vary by country. Some mandate sending invoices to both the customer and local tax authority, while others require routing through the tax authority before reaching the customer. This trend, part of a broader EU initiative to standardize and digitalize invoicing processes, aims to enhance efficiency and tax compliance. However, it also presents an opportunity for businesses to streamline their own invoicing procedures. eInvoicing enables system-to-system invoicing between businesses using a common electronic format. This eliminates the need for manual handling of PDFs, allowing for direct syncs between different ERPs. Solvimon, through its integration with Avalara, offers a comprehensive solution to navigate global eInvoicing requirements. Our platform ensures your business stays compliant with evolving regulations while benefiting from the increased efficiency in your invoicing workflows.

We're #hiring an Implementation Manager. Apply today or recommend someone that may be interested 📌

Customers are loving Solvimon’s Data Exports. It makes it extremely fast and easy to synchronize data directly to their data warehouse or storage bucket. Whether it’s #BigQuery, #Snowflake, #S3, #Redshift, or #Azure — we can quickly transform data formats and push it to a preferred table in minutes.

Is #OpenAI's GPT-4o mini a game-changer for AI economics? Sam Altman just unveiled GPT-4o mini, OpenAI's most affordable AI model yet. Here's why it matters: 💰 99% cost reduction compared to models from just 2 years ago 🏎️ Opens the door for new business models and pricing strategies 🔑 A potential Moore's Law emerging for AI models This breakthrough will likely lead to more accessible AI, new innovative applications, and shift in how AI companies will compete and differentiate.

"We love doing manual invoicing and revenue audits" ...said no one ever. An effective finance team wants to optimize resource allocation, control costs, and drive strategic initiatives, rather than menial work that can be automated. Want to learn how we make this possible for fast-growing fintech and SaaS businesses? Get in touch!

Where do you want your top engineers? 🤔

We’re excited to share that our customer SEON has fully migrated their billing over to the Solvimon platform. This includes all of their bespoke contracts for enterprise customers and e-invoicing for the Hungarian tax authorities. It's a pleasure to work with such an ambitious and energetic team!

Automating your billing process isn't just about cutting costs... 🕒 The average annual cost for a finance FTE is $120,000. Our customers have freed up to 6 FTEs by enabling their finance teams to automate menial tasks. 🚰 Preventing human errors has mitigated more than 5% in EBITDA revenue leakage, as well as reducing billing disputes and avoiding awkward customer conversations. 🌍 Growing your business globally introduces a wealth of complexity in billing entities, currency exchange rates, and regulatory compliance. Having a billing system prepared for growth helps you navigate these challenges seamlessly.

The frequency with which companies experiment with their pricing varies significantly. It often depends on the maturity of the offering, market dynamics, customer feedback, and the capabilities of your billing system. There is no one-size-fits-all answer to how often you should experiment with pricing. However, the frequency typically decreases as a company matures and establishes its position in the market. How often does your business adapt its pricing strategy?