Business Model

1. Overview

TokenTact operates as a Software as a Service (SaaS) company, providing invoice and payment management solutions to businesses of all sizes. Our primary goal is to deliver a user-friendly, efficient platform that helps businesses create, send, and track invoices, manage payments, and streamline their financial operations without the complexity typically associated with traditional accounting systems.

2. Revenue Streams

TokenTact generates revenue through the following primary channels:

2.1 Subscription Plans

Our core business model is based on monthly and annual subscription plans. We offer multiple tiers to accommodate different business needs:

  • Basic Plan ($9/month): Designed for individual entrepreneurs and freelancers, providing essential invoicing functionality with up to 20 invoices per month.
  • Pro Plan ($29/month): Geared toward small businesses with additional features for automated reminders, advanced reporting, and up to 3 users.
  • Business Plan ($79/month): Our premium offering for larger businesses, including unlimited invoices, API access, multi-currency support, and unlimited users.

Annual subscription options are available at a discounted rate compared to monthly payments.

2.2 Professional Services

We offer optional professional services to our customers, including:

  • Implementation & Setup: Assistance with initial platform configuration and data migration from other systems.
  • Training: Personalized training sessions for teams to maximize the value of our platform.
  • Custom Development: Development of specialized features or integrations for specific business needs.
  • Consulting: Expert advice on optimizing financial processes and invoice management strategies.

2.3 Add-On Features

Certain advanced features are available as add-ons to our core subscription plans:

  • Advanced Financial Analytics: Enhanced reporting capabilities and financial business intelligence tools.
  • Extended Storage: Additional storage capacity beyond the standard allocation.
  • Premium Integrations: Connections to specialized accounting platforms and financial services.

3. Customer Acquisition

We acquire customers through several channels:

  • Content Marketing: Educational blog posts, guides, webinars, and case studies that demonstrate our expertise and platform capabilities.
  • Search Engine Optimization (SEO): Optimizing our website to rank for relevant invoice and payment-related search terms.
  • Digital Advertising: Targeted advertising campaigns on platforms where potential customers are active.
  • Referral Program: Incentivizing existing customers to refer new businesses to our platform.
  • Free Trial Offers: Allowing potential customers to experience our platform before committing to a subscription.
  • Strategic Partnerships: Collaborating with accountants, financial advisors, and complementary service providers.

4. Customer Success and Retention

Customer retention is a critical component of our business model. We focus on:

  • Exceptional Support: Providing responsive, knowledgeable customer support through multiple channels.
  • Continuous Improvement: Regularly updating our platform with new features and enhancements based on customer feedback.
  • Educational Resources: Offering comprehensive documentation, tutorials, and best practices to help customers maximize value.
  • Success Management: Working with larger customers to ensure they achieve their financial goals using our platform.

5. Data Privacy and Security

TokenTact is committed to maintaining the highest standards of data privacy and security. We do not sell customer data to third parties. Our revenue comes exclusively from the services described above, not from monetizing user information.

We implement industry-standard security measures to protect customer financial data and comply with relevant data protection regulations in all jurisdictions where we operate.

6. Future Growth

Our business model supports sustainable growth through:

  • Product Development: Continuing to enhance our platform with innovative features that address evolving customer needs.
  • Market Expansion: Targeting new geographic markets and industry verticals.
  • Strategic Acquisitions: Selectively acquiring complementary financial technologies to enhance our offering.
  • Enterprise Solutions: Developing more robust solutions for larger enterprise customers with complex invoicing requirements.

7. Contact Information

If you have any questions about our business model, please contact us at:

TokenTact
2550 Victoria Park Avenue, Suite 700
Toronto, ON M2J 5A9
Canada

Email: [email protected]
Phone: +1 (416) 987-2345