What is OpenMeter?
Welcome to OpenMeter!
OpenMeter was founded on a simple concept: Building your pricing and billing for usage-based SaaS products is complex and requires serious engineering resources that should be invested into your product instead. We deliver a monetization tech stack you can easily integrate with your services, combined with a user interface that allows you to quickly ship new products and iterate on pricing. In other words, OpenMeter is designed for developers and is loved by product teams.
This documentation helps you understand:
- Metering: The APIs that enable Usage Metering data collection and how we organize that data
- Pricing: Our UI from which you can quickly build product pricing systems AND, custom pricing for individual customers or special deals
- Billing: Details on creating invoices, integrating with Stripe for payment, and informing your backend accounting of billing details.
- Insights: Coming soon, insights that empower your Customer Success and Sales teams to understand when and why specific users are ready for upsell or in danger of churning.
What is OpenMeter
OpenMeter provides flexible Billing and Metering for AI and DevTool companies. It also includes real-time insights and usage limit enforcement.
The goal of the platform is to:
- Make metering and data collection easy and handle any scale of ingest
- Launch new products and iterate on pricing quickly without code changes
- Billing and invoicing that is easy to integrate with your application
- Maximize your company's revenue by providing usage and upsell insights
Revenue Monetization Engine
The foundation of OpenMeter is the OpenMeter Revenue Monetization Engine (the OpenMeter RME).
The OpenMeter RME continuously correlates each customer's usage with their product purchases in real-time to derive insights that help your revenue team engage customers to maximize value from your product. The concept is that the more value the customer derives, the more they will use, and the faster they will need to increase their purchases. In other words, not only are we solving the technical challenge of collecting usage metrics and billing the customer, we are also creating a business platform for maximizing revenue per customer.
The ORM uses stream processing, combining the power of Go, Kafka, and ClickHouse to provide scalable data ingestion and rapid usage aggregations. The Engine then creates the billing per the product and pricing models you have structured via the OpenMeter UI. Insights are actively derived and pushed into your sales and marketing tools to empower your revenue teams with information needed to maximize upsell potential and minimize customer churn. Bills are then sent via Stripe and logged.
OpenMeter is an OSS project that can be found on GitHub.
What is OpenMeter Cloud?
OpenMeter Cloud is a managed, SaaS offering by the original creators of OpenMeter. OpenMeter Cloud is enterprise ready and SOC2 Type 2 compliant.
Get started with OpenMeter Cloud today by signing up at OpenMeter Cloud.
Join our Community
If you have questions about anything related to OpenMeter, you're always welcome to ask our community on GitHub Discussions, Discord, and X.