How Summance works
Every deal Summance bills follows the same four stages: a contract sets the terms, usage events get rated against those terms, an invoice adds up what's owed, and a payment closes the loop. Driftmetric's contract, for example, is $0.02 per API call above a 50,000-call monthly minimum: usage events tally the calls, the invoice totals the overage, and payment reconciles back to that invoice.
Contracts
A contract sets the terms Summance runs on: what to bill, when revenue is recognized, and what each customer owes, calculated automatically once the contract is in place.
Read the guide →Usage Events & Rating
Usage streams in from your product; rating turns it into money.
Read the guide →Invoicing
An invoice is built from a contract and the usage rated against it.
Read the guide →Payments
A payment closes the loop - it reconciles back to the invoice that earned it.
Read the guide →