Manage Consumption for Usage-Based Products

Track and manage consumption data, rate consumption accurately, and generate invoice-ready summaries for billing. Consumption management provides standard flows that you can schedule to run. You can also create usage and ratable summaries as needed. The ad hoc summary generation helps account executives generate reports to forecast consumption of a resource or resolve customer disputes.

• Consumption Management Records
  Usage Management creates certain object records that the Consumption Management process uses to track and manage the grant consumption. You can use these records to view and understand how the process manages the provided grants.
• Buckets and Drawdowns
  A bucket acts as a digital wallet that holds a customer's available grants or entitlements. Consumption Management creates usage entitlement buckets after the product is sold and assetized. When usage summaries are created, Consumption Management performs a drawdown to deduct the consumed units from these buckets. If the usage exceeds the available bucket balance, the remaining quantity is accounted as overage.
• Consumption Management Lifecycle
  Consumption management lifecycle is the structured process that tracks, monitors, and processes consumption data for consumption-based products and services. The process also manages grants and entitlements that help your users understand how the drawdowns take place for each usage resource and identify the overages.
• Manage Consumption-Related Summaries
  While the consumption management process automatically generates and updates consumption-related summaries, you can also generate them manually. Generate and view ad hoc summaries to support customer investigations or audits.
• Unified Usage Dashboard
  A single, consolidated source of truth for post-sale usage management. Track consumption, negotiated rates, and grant balances, and ensure data integrity across your records. Depending on how your products are structured, you can access this unified experience from either an accounts or an asset record page.
• Consumption Management Considerations
  Here are the key things to consider when you use Consumption Management for your organization.