Context
Next Matter helps organizations manage complex workflows across critical areas such as Compliance, Customer Service, and Operations. Headquartered in Berlin with a team of around 40 people, the company has raised $16 million from OMERS Ventures, Crane Ventures, and BlueYard. Next Matter partnered with Northlane to redesign its pricing strategy to unlock growth and scalability within its workflow management platform.
Challenge
The initial packaging and pricing strategy was designed to attract early customers and collect feedback, but it limited sustainable growth. The focus on customer acquisition hindered long-term monetization, and the existing model undervalued the platform’s capabilities. Workflows varied widely in value, making it difficult to apply a consistent monetization approach. A multi-metric pricing model was needed to better capture the value across diverse use cases and customer profiles.
Solution
Northlane developed a tailored pricing strategy introducing scalable platform fees and aligning monetization with customer adoption. Users were positioned as adoption enablers to encourage upgrades, and end-user tiers were leveraged for fee-based monetization and land-and-expand growth. The new structure included monetized overages for high-volume workflows, POC offerings for Growth and Enterprise tiers, and transparent pricing to support flexibility in enterprise negotiations.
Results
- 3–5x increase in landing contract size
- Unlocked natural expansion, resulting in NRR boost
- Improved team confidence and conviction in discussing pricing