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Lago founder here. FWIW we love what Baptiste did with Microinvoice! I can only speak for what we've experienced first hand, in our prev. company (a $5B B2B fi
by AnhTho_FR 4y ago
Lago founder here. FWIW we love what Baptiste did with Microinvoice!
I can only speak for what we've experienced first hand, in our prev. company (a $5B B2B fintech) we spent a lot of time around billing x invoicing in pdf :
- When billing is complex (lots of fees, different billing cycles, usage based consumption)
- And you need to have a clear "invoice presentation" to avoid triggering questions (that is maintained while you iterate on pricing, launch new products or countries)
the "template isn't really a solved problem", and our eng. team did rebuild the system in-house. We would have avoided it if it could have been possible and looked at every possible option, in-depth.
We've seen similar needs for marketplaces or vertical saas as well.
However thanks for the feedback, we could have done a better job at explaining why it can be a pain in specific use cases! And I was the 1st person to say, when I first discover the painpoint "there must be an existing solution for that, please don't build anything in-house".
- longrod 4y ago> When billing is complex (lots of fees, different billing cycles, usage based consumption) So does Lago have a template for all these use cases? What happens when a new unique case comes up? Is Lago flexible enough to handle all the cases? Current and future ones? How is that different than having a flexible template? What actually is the problem with that?
- Rafsark 4y agoWe make the whole fee calculation easy to do. If you have a paying feature, the charge related to it can be implemented in few minutes. We handle automatically the upgrades, downgrades, invoices, subscription dates and boundaries, and a lot of prebuilt charge model (graduated pricing, percentage pricing, package pricing…). We adapt to any pricing use case easily!
- HelloNurse 4y agoInvoices contain VAT and even more complex taxes and charges. How much of your calculations is tied to specific cases like a USA company billing another USA company? What's your story for international customers and/or international operations?