spec: FinOps Framework 1.0
focusVersion: "1.0"
provider: Speechmatics
providerId: speechmatics
created: 2026-06-12
modified: 2026-06-12
url: https://www.speechmatics.com/pricing

billingModel: usage-based
billingCycle: monthly
currency: USD
invoicing: postpaid
notes: >
  Speechmatics uses a consumption-based billing model. Free monthly allowances
  are included in all paid plans. Metered usage beyond the free allowance is billed
  at per-minute rates. A 20% volume discount automatically applies to usage exceeding
  500 hours per month per transcription type on the Pro plan. Enterprise customers
  negotiate custom rates and volume commitments.

focusColumns:
  - column: ServiceName
    value: Speechmatics Speech Intelligence API
  - column: ServiceCategory
    value: AI and Machine Learning
  - column: ProviderName
    value: Speechmatics
  - column: Region
    value: eu2, us, custom (Enterprise)
  - column: ChargeType
    values:
      - Usage
      - Credit
  - column: BillingCurrency
    value: USD

meters:
  - name: Batch Transcription
    unit: minute
    description: Audio minutes submitted for batch (asynchronous) transcription via REST API.
    price: 0.005
    priceUnit: per minute
    currency: USD
    freeAllowance: 2400
    freeAllowanceUnit: minutes
    freeAllowancePeriod: monthly
    plans:
      - Pro
      - Enterprise
    notes: >
      Price is $0.005/min for Pro. Enterprise pricing is negotiated. Free allowance
      of 2,400 minutes/month applies to both Free and Pro plans.

  - name: Real-Time Transcription
    unit: minute
    description: Audio minutes processed via WebSocket streaming real-time transcription API.
    price: 0.0067
    priceUnit: per minute
    currency: USD
    freeAllowance: 2400
    freeAllowanceUnit: minutes
    freeAllowancePeriod: monthly
    plans:
      - Pro
      - Enterprise
    notes: >
      Price is $0.0067/min (~$0.24/hr) for Pro. Enterprise pricing is negotiated.
      Free allowance of 2,400 minutes/month shared with batch on Free and Pro plans.

  - name: Text-to-Speech
    unit: character
    description: Characters converted to speech audio via the Text-to-Speech API.
    price: 0
    priceUnit: per character
    currency: USD
    freeAllowance: 1000000
    freeAllowanceUnit: characters
    freeAllowancePeriod: monthly
    plans:
      - Free
      - Pro
      - Enterprise
    notes: >
      1 million characters (~20 hours of audio) free per month on all plans.
      Additional usage pricing available on request.

discounts:
  - name: Volume Discount
    type: automatic
    threshold: 500
    thresholdUnit: hours
    thresholdPeriod: monthly
    discount: 20
    discountUnit: percent
    plans:
      - Pro
    notes: >
      Automatic 20% discount applied to usage exceeding 500 hours per month
      per transcription type (batch or real-time) on the Pro plan.

  - name: Startup Program Credits
    type: credits
    amount: 50000
    currency: USD
    plans:
      - Startup Program
    notes: >
      Qualifying early-stage companies receive $50,000+ in Speechmatics API credits
      plus dedicated support. Contact Speechmatics to apply.

principles:
  - name: Consumption Visibility
    description: >
      Usage and spend can be monitored through the Speechmatics portal, with per-project
      usage tracking via the Management API to attribute costs across teams or products.
  - name: Free Tier Access
    description: >
      A generous free tier (2,400 minutes/month speech-to-text, 1M characters/month TTS)
      enables developers to evaluate and prototype without incurring charges.
  - name: Automatic Volume Discounts
    description: >
      Pro plan customers automatically receive a 20% discount once usage exceeds 500
      hours/month per transcription type, rewarding growth without requiring contract changes.
  - name: Cost Predictability (Enterprise)
    description: >
      Enterprise customers can negotiate fixed commitments or caps to achieve predictable
      monthly spend, including on-premises deployment to eliminate per-minute cloud charges.
  - name: No Storage Charges
    description: >
      Speechmatics does not store audio files, transcripts, or configuration data after
      processing, eliminating storage cost components from the billing model.