Best Subscription Management and Billing Software 2023
Revenue recognition is a reflection of the accrual accounting principle. Accrual accounting states that revenue must be counted when it is earned, rather than when payment is received at your end. Cash is not equivalent to revenue. Revenue is earned only when a company fulfills its obligations toward its customer.
A paywall is a virtual barrier which restricts a user’s access to digital content and services. It is set up by online platforms such as e-magazines, e-journals, online newspapers, lifestyle apps and others to streamline their services. Paywalls are meant to incite users into making a one-time purchase or buying
Ever wondered how much money you would be able to save if you could automate your billing processes? NetSuite is here to make your dreams come true. Integrate NetSuite with your favorite subscription management software to minimize human intervention and let your operations run on auto-pilot! How Does NetSuite Work?
The idea that a company generates revenue at the time it receives cash is far outdated. Even more so for the businesses in the Software-as-a-Service industry. Instead, the accrual accounting principle known as “revenue recognition” is now under the spotlight. Revenue recognition determines when a certain company should record its
Customer satisfaction plays a pivotal role in company success. Businesses nowadays, especially SaaS companies, are on the hunt for tools that can help them streamline their workflow and improve client interactions. Zendesk is one such tool that can enhance a company’s overall efficiency with its customer engagement software. In this
The 2000s were all about making payments through credit and debit cards. The 2010s were a period of uncertainty with multiple alternative payment methods entering the fray. Now, as we approach the middle of the 2020s, it has become obvious that the payments industry is undergoing significant changes. This decade
Cash payments consisted of 20% of total payments made worldwide in 2021. Flash forward to 2023, and this figure fell to a meagre 15%, showing a 23% decline. While cash and cheques are touted to slow their decline in 2024, things are generally not looking too good for this traditional
Artificial Intelligence or AI has been an industry-wide transformative force. With AI it is now possible to execute complex tasks that once required human intervention. Working with large quantities of data, AI can help improve company performance by offering accurate trend predictions. In this blog, we will discuss AI customer
Have you heard of the term decoupling? According to the 2023 McKinsey Global Payments Report, the digital world is about to enter a whole new era of decoupling that will bring about many changes in the payments space. This era will be marked by payments made in an economy separated
Monday.com is a collaborative cloud-based project management platform used to build various structures and applications. As a project management tool it’s very versatile and can manage workflows quite effectively to boost productivity. Its customizability plus user-friendly design and interface allow for both simple to complex task management. In this blog,
NetSuite is Oracle’s cloud-based ERP (Enterprise Resource Planning) software, designed to help companies manage their financial tasks, handle supply chain operations, optimize workflows, and more. In today’s ever evolving business landscape, such a tool is necessary for the growth and success of any company. In this blog we will discuss
QuickBooks is arguably the most popular accounting software on the market. Designed to efficiently process payments and automate financial processes, this software offers another valuable feature to streamline business operations: QuickBooks recurring ACH payments. This feature provides a seamless customer experience by scheduling ongoing customer payments to optimize cash flow
