When Swedish SaaS company Meetric first started using Niora, they were surprised at how quickly they were up and running – and how immediate the value was. Within a short time, the company moved away from time-consuming manual work in Excel to a fully automated process for contracts, invoicing and revenue data. The result: fewer errors, a clear financial overview, and more time for customers.
Meetric develops conversational AI tools that help organisations collect, transcribe and analyse meetings. Their vision is simple: companies should be able to understand what is said in their conversations and use those insights to make better decisions.
But when it came to managing their own revenue, the reality was far from simple.
We spent too much time in Excel. It was difficult to get a clear overview of contracts and figures, even though that data is among the most important we have
Vice CEO and Partner at Meetric
Searching for the right solution
The need for a more efficient process had been there for a long time. The challenge was that existing invoice billing software and subscription management tools on the market were either far too complex or too expensive for a company in Meetric’s stage.
I’ve always been looking for a solution, but it never felt worth the investment. The enterprise systems cost a lot, and we needed the right functionality without burning through our budget
Vice CEO and Partner at Meetric
When they came across Niora, the picture changed quickly. The platform promised exactly what Meetric had been missing: a smooth way to move from contract to invoice without manual work.
From contract to invoice in minutes
What made the biggest difference was Niora’s contract intelligence and automated invoicing. The system reads contracts – even with deviations – and generates the correct billing schedule automatically. At the same time, Meetric gets access to real-time reports on recurring revenue, including both annual recurring revenue (ARR) and monthly recurring revenue (MRR).
Onboarding was another positive experience.
They were eager, passionate about the product, and made sure we got started right away. Everything worked as promised. That’s unusual when it comes to invoicing software of this type, which normally takes months to implement
Vice CEO and Partner at Meetric
Efficiency that frees up resources
Where Meetric once spent days on invoicing, the process now takes just minutes. When the sales team generates a new contract, it is automatically sent to Niora, which interprets the terms and creates recurring invoices. The result is fewer errors, clearer statistics, and full control of the numbers.
The number of errors in our billing has dropped dramatically. That frees up an enormous amount of time, both for me and the team. And Niora has become our way of ensuring that the data actually matches reality, something we struggled with before
Vice CEO and Partner at Meetric
“For us, it’s all about increasing efficiency”
With fewer manual processes, the team can now focus on customers and product development. This leads to faster innovation and a better experience for users.
For us, it’s all about increasing efficiency. When we don’t get stuck in administration, we can focus on customers and keep developing the product. That’s what drives our growth
Vice CEO and Partner at Meetric
Another major benefit is better decision-making. With real-time insight into revenue, contracts, and key metrics, it’s easier to understand the company’s current position and what is needed going forward.
If you’re tired of Excel and missing important corrections, then Niora is the right choice. You get a lot of value for the money – and few people enjoy reading contracts and creating invoices manually. Niora is not a cost, it’s a solution that saves time
Vice CEO and Partner at Meetric