Simplify Billing Processes with Account Hierarchy
Whether you’re dealing with family plans, or enterprises segmented across geographies, leveraging account hierarchies with SubscriptionFlow can streamline your billing cycles, and provide greater visibility into the data usage and transaction history of each account.
Why Go for Account Hierarchy?
SubscriptionFlow’s account hierarchy is the solution for organizations with complex structures. Conveniently designate subscription accounts used across a company as ‘child’ accounts. Consolidate all of them under the organization’s main account i.e. the ‘parent account’. This division offers more clarity into the payment responsibilities, and allows for smart billing configuration based on the needs of each account.
- Allows you to tailor invoices to cater to each account’s needs and schedules
- Unifies all the invoices to generate one comprehensive invoice which is sent to the parent account, and its copies sent to child accounts
- Offers increased visibility into each account’s usage data
- Efficiently sorts out parent and child accounts, clarifying payment responsibilities
- Gives you the control to modify the account details when necessary
- View documentation: “How do you set up the account hierarchy”
Unleash the Power of Streamlined Billing with Account Hierarchy
Enhance the invoicing of multi-locational accounts, and ensure that the payments associated with the parent and child accounts are a 100% error-free. Make account hierarchy management easy by organizing the billing of each account type.
You can assign the consolidated invoice of the child accounts to the parent account. This would make the parent account responsible for paying. Alternatively, you can bill each child account according to its individual service usage. In this case as well, the consolidated invoice would be sent to the parent account. You can choose which account to bill. The rest of the accounts would receive invoice copies. Your choice would be based on what your customer prefers, boosting customer satisfaction.
Why SubscriptionFlow?
SubscriptionFlow’s SaaS billing and subscription management system caters to the special needs of SaaS businesses.
- Give Structure to Billing Operations
- Enhance Financial Insights
- Stop Revenue Leakage
Give Structure to Billing Operations
No one is happy about their billing operations being all over the place, creating uncertainty around data usage, and payment allocation. With SubscriptionFlow’s account hierarchy solution, get your customer company’s operations organized. Create a clear division between the parent and child accounts, and get rid of having to deal with invoices from multiple departments, or multi-locational functions of the company. Offer invoice automation, and eliminate the risk of delays in the payment process. Increase visibility, and give your clients access to accurate financial reporting.
Enhance Financial Insights to Better Inform Decisions
By consolidating multiple child accounts under one parent account, get a holistic picture of a company’s service usage. Through the organization’s unified invoice, gauge which of your products or services are being utilized the most. Get advanced reports and analytics via our up-to-the-minute dashboard. Identify trends and preferences to better inform your marketing strategies. Manage your resource allocation more efficiently, and lead your business toward growth.
Stop Revenue Leakage
Account hierarchy simplifies the billing of large organizations. Your customers don’t have to worry over uncertainty regarding payment responsibilities. You won’t have to manage invoices scattered across the company’s different functions. Optimized invoicing prevents outstanding bills and errors in the payment process. It results in cash flow optimization. You proactively patch any holes that could result from disjointed invoicing, and prevent revenue from leaking out.
Apply Benefits to All Customer Accounts
Extend the parent account’s subscription perks such as discounts, coupons or refunds to all the child accounts. You are empowered to be inclusive with your service benefits to encourage customer loyalty, and reduce churn. By providing perks equally to all accounts, regardless of size, make all your customers feel that they are equally valued. It boosts the chances of customer retention.
Smart Taxation and LTV Assessment
With SubscriptionFlow’s systematic payment hierarchy, streamline your taxation processes. Ensure that the parent account invoices are compliant with tax regulations, and reflect the taxable income accurately. Moreover, by tracking the service usage across the parent and child accounts, you get improved insights into the customer lifetime value (LTV) of each account to formulate more profitable strategies for your business.