Extending your platform with royalty-bearing capabilities from other companies attracts new customers and helps retain existing ones. But the higher your volume of royalty-bearing transactions, the more time you must spend consolidating telemetry and calculating the amounts due. And, unless you have a reliable method of gathering usage metrics, the process can be fraught with error.
End-to-end analytics are the key to eliminating errors and automating the process of royalty calculation. Create a workflow that records every instance of your customers using another company’s capabilities and that calculates the total amount owed. By combining detailed telemetry data with a transparent calculation process, you can process payments automatically and generate reports that document the amount paid and the telemetry.
With Alteryx, you can:
- Automatically record each time your customers use a partner’s capabilities at the transactional level
- Aggregate the telemetry data to calculate the royalties you owe each week, month or quarter
- Generate reports showing amounts due for using another company’s product and prove to your partners the value of combining your products