What does financial model, billing cycle, and spend last billing cycle mean?
This helps you track each application's business model so that you can differentiate between the different types and prioritize your tasks accordingly.
Applications that automatically collect payment from you to continue having access to the platform.
Applications where you pay once and have access to the platform or licence forever.
Platforms that don't necessarily have any recurring payments, but you have employees who have access, so they can purchase assets (e.g. marketing materials, freelancer time etc.)
Pay as you go
Applications and platforms that are based on “credits” or how much you consume of an application, e.g. email sending platforms
This helps you define how regularly an application will bill your company for access to their platform.
Your application bills you once per year
Your application bills you once per month
Your application will only ever bill you once
When an application bills you on a different frequency that doesn't fit into the above, e.g. you make multiple payments per month
Spend last billing cycle
This is how much LicenceOne has detected that you spent on your application on the previous billing cycle.
Real-world examples and explanations
|Spend last billing cycle
|LicenceOne detected that you spent $20 last month (billing cycle)
|LicenceOne detected that you spent $500 last year (billing cycle)
|LicenceOne detected that you paid $50 for access to this application and that you should never expect to be billed again
Updated on: 22/03/2023