#USA #New York #Stigg #AI Management #Received.ai

Stigg Enhances its Platform with the Acquisition of Received.ai

In a significant move to bolster its capabilities, Stigg, a pioneer in infrastructure for the AI economy, has officially acquired Received.ai, a startup renowned for its expertise in billing infrastructure designed specifically for usage-based invoicing and contract management. This acquisition marks a pivotal step towards integrating contract automation directly into Stigg’s platform, thereby simplifying billing and contract management for companies operating in the AI and enterprise SaaS sectors.

Streamlining Processes through Unified Solutions

The merging of Stigg and Received.ai enables customers to manage usage-based contracts, generate invoices seamlessly, and maintain their entitlements—all from a single platform. Previously, businesses often faced challenges as they transitioned from traditional pricing models to usage-based models that rely on credits and consumption. The disconnect between available entitlements and actual billing practices has led many teams to experience disruptions, inefficiencies, and even financial losses.

As Stigg's new capabilities go live, existing clients can benefit from features that facilitate contract management, allowing them to automate the creation of live entitlements and invoices without needing extensive custom engineering. This streamlining is crucial for businesses looking to transition from a per-seat pricing system to more sophisticated contractual agreements that reinforce real-time usage and compliance.

New Features and Improvements

Stigg’s integration of Received.ai introduces several key functionalities. These include:

• - Automated Provisioning of Entitlements: As soon as contracts are signed, the system automatically provisions entitlements without any additional input from users.
• - Flexible Invoicing Options: Clients can now leverage dynamic billing schedules, prorations, and credit logic that align with specific contract dates.
• - Formula-Based Pricing: This feature allows teams to conduct complex pricing structures using spreadsheet-grade calculations at invoice time, enabling greater flexibility without the minutiae of hardcoded rates.
• - Consolidated Invoicing: Clients can expect one clear invoice per customer that encompasses multiple products and usage metrics, simplifying their financial processes.

Crucially, these new features are designed to work alongside existing invoicing solutions like Stripe, NetSuite, and Airwallex, ensuring a smooth transition for clients who are already familiar with these systems. For AI startups that haven't yet established their payment infrastructure, Stigg now provides a comprehensive solution from entitlements all the way through to invoicing, effectively eliminating the need for multiple vendors.

Leadership and Future Transition

Shai Betito, the founder and CTO of Received.ai, steps into a new role as the VP of Engineering at Stigg, where he will oversee the integration of the two platforms. His insight into real-time usage and continuous contract management will be invaluable as Stigg aims to harness the full potential of the combined technologies. According to Dor Sasson, Co-Founder and CEO of Stigg, this merger signifies a transformative phase that will enhance the user experience while maintaining the integrity and efficiency of the invoicing process.

>> "With Received.ai integrated into Stigg, we're charting a course where usage, enforcement, credits, governance, and invoicing function cohesively on a unified layer,” Sasson stated.

As of now, the contract management and invoicing functionalities are available in public beta, following significant demand from customers who eagerly awaited these capabilities. Broader availability is anticipated as Stigg looks to roll out updates and improvements throughout 2026.

Conclusion

Stigg's acquisition of Received.ai presents a strategic advancement for companies navigating the complexities of AI and enterprise SaaS landscapes. By merging their existing systems and resources, they are setting a new standard for how organizations can effectively manage entitlements and billing processes, ultimately fostering greater efficiency and profitability. The transition promises to redefine interactions between AI companies and their financial frameworks, ushering in a new era of streamlined contract and invoicing management.