Benefits of Split Billing capabilities in the Automotive Sector

The Automotive industry is a complex ecosystem involving multiple stakeholders and diverse use cases, we outline here scenarios where split billing is utilised to ensure accurate cost distribution and financial accountability among all involved parties.

  • Fleet Management: Companies managing large fleets of vehicles can allocate connectivity costs between different departments, clients, or geographic regions. For example, a logistics company may split the billing between operational costs and client-specific charges.

  • Connected Car Services: Automakers can differentiate costs associated with various connected services such as navigation, entertainment, diagnostics, and safety features. This allows them to bill customers separately for each service based on usage.
  • Usage-Based Insurance (UBI): Insurance providers can offer usage-based policies where connectivity costs are split between the insurance company and the vehicle owner, based on driving behavior and mileage data collected via IoT devices.

  • OEMs and Suppliers: Original Equipment Manufacturers (OEMs) and their suppliers can allocate costs between development, manufacturing, and post-sale services. This can include software updates, diagnostics, and remote monitoring.
  • Ride-Sharing and Mobility Services: Companies offering ride-sharing or mobility-as-a-service (MaaS) can split billing among different users, drivers, and corporate clients. For instance, connectivity costs can be divided between personal use by drivers and business use by corporate clients.
  • In-Vehicle Infotainment: Automakers and service providers can separate billing for different content and service providers within the in-vehicle infotainment system. This allows for precise billing based on the type and extent of service usage.
  • Telematics and Diagnostics: Connectivity costs can be split between real-time diagnostics, predictive maintenance services, and telematics data required by various stakeholders such as fleet managers, OEMs, and third-party service providers.
  • Public Sector and Smart City Initiatives: When vehicles are part of broader smart city projects, costs can be allocated between municipal services, public transportation systems, and private entities involved in the project.

Stacuity features

These scenarios illustrate the importance of split billing in managing the diverse and dynamic connectivity needs within the automotive IoT ecosystem, ensuring accurate cost distribution and financial accountability among all involved parties.

Stacuity’s CMP and API functionality offers multi-tenant, hierarchical, real-time, and split billing features.

Benefits of Split Billing capabilities in the Automotive Sector

The Automotive industry is a complex ecosystem involving multiple stakeholders and diverse use cases, we outline here scenarios where split billing is utilised to ensure accurate cost distribution and financial accountability among all involved parties.

  • Fleet Management: Companies managing large fleets of vehicles can allocate connectivity costs between different departments, clients, or geographic regions. For example, a logistics company may split the billing between operational costs and client-specific charges.

  • Connected Car Services: Automakers can differentiate costs associated with various connected services such as navigation, entertainment, diagnostics, and safety features. This allows them to bill customers separately for each service based on usage.
  • Usage-Based Insurance (UBI): Insurance providers can offer usage-based policies where connectivity costs are split between the insurance company and the vehicle owner, based on driving behavior and mileage data collected via IoT devices.

  • OEMs and Suppliers: Original Equipment Manufacturers (OEMs) and their suppliers can allocate costs between development, manufacturing, and post-sale services. This can include software updates, diagnostics, and remote monitoring.
  • Ride-Sharing and Mobility Services: Companies offering ride-sharing or mobility-as-a-service (MaaS) can split billing among different users, drivers, and corporate clients. For instance, connectivity costs can be divided between personal use by drivers and business use by corporate clients.
  • In-Vehicle Infotainment: Automakers and service providers can separate billing for different content and service providers within the in-vehicle infotainment system. This allows for precise billing based on the type and extent of service usage.
  • Telematics and Diagnostics: Connectivity costs can be split between real-time diagnostics, predictive maintenance services, and telematics data required by various stakeholders such as fleet managers, OEMs, and third-party service providers.
  • Public Sector and Smart City Initiatives: When vehicles are part of broader smart city projects, costs can be allocated between municipal services, public transportation systems, and private entities involved in the project.

Stacuity features

These scenarios illustrate the importance of split billing in managing the diverse and dynamic connectivity needs within the automotive IoT ecosystem, ensuring accurate cost distribution and financial accountability among all involved parties.

Stacuity’s CMP and API functionality offers multi-tenant, hierarchical, real-time, and split billing features.

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