Meter properties

Meter properties are additional pieces of information that provide context to an event. They can be used for a variety of purposes, including:

Product definition

A meter may retrieve events from a single source but contain event data for multiple products. Meter properties can be used to identify these products and assign them to the appropriate product category.

Conditional pricing

Meter properties can be used to define pricing rules and differentiate pricing based on the property. This allows you to create individual invoice lines with different prices based on the specific properties of the event.

Revenue and margin allocation

Even if meter properties are not used to separate pricing, you can use them to split out the revenue and margin by defined properties. This can be helpful for understanding the performance of different products.

Types of Meter Properties

Meter properties are a useful tool for providing additional context to events and for enabling more sophisticated pricing and revenue management strategies.

Properties can be in the form of:

• A set of predefined values (ENUM),
• Any value (STRING),
• A number (NUMBER)

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Updating an Enum type active property

Once a property is active, Solvimon does not allow removing the enum values defined anymore, as they might be linked to usage data. Adding new values is possible.

Making a meter property a usage metric

Meter properties only have two types of calculation metrics to make them a usage metric that can be connected to a product:

• Unique i.e. Counts the number of events with unique meter property values that are ingested for the specified billing period of the subscription schedule
• Rolling Unique i.e. Counts the sum total of events with unique meter property values that are ingested throughout the schedule for that subscription

Example meter properties

Here are some examples of different properties together with their type and possible values: