Best Subscription Management and Billing Software 2023
Today, when the subscription economy is booming, publication companies are finding more effective ways of monetizing their content. Since reader habits are evolving and ads can’t be relied upon as the sole revenue source, publishers need to achieve two goals with a single solution: keeping readers engaged and revenue flowing
Running nonprofit clubs like student associations and community groups requires both passion and sustainability. For club admins, the major challenge lies in the latter i.e. sustainability. To keep the donations coming in and members engaged, admins often have to handle a lot of behind-the-scenes work. This includes trying to hold
Gift subscriptions create a win-win for both merchants and customers. Their charm lies in their unique capability of delivering recurring gifts. It allows the recipients to enjoy products or services at regular intervals. Plus, receiving a series of gifts can sound way more exciting than receiving one-time surprises. Gift subscriptions
Invoicing may appear simple on the surface, but that’s actually a very crucial as well as complex part of revenue management. This is doubly true for SaaS subscription services that have to deal with recurring revenue. Their invoicing procedures can either help them deliver great billing experiences, or can stagnate
The B2B subscriptions world is full of complexity. It’s harder to navigate compared to the B2C that offers relatively simpler services and has easier operations. A B2C subscription usually means a gym membership, Spotify or subscription boxes. But B2B subscriptions aren’t simple like that. They revolve around factors such as
Members are the lifeblood of any organization, and while you may want to bring in new members, one of the most common issues associations face is low membership renewals and payments. Mostly, users are busy and forgetful, and paying for an annual membership can become a hassle for them. The
Relying on ad-revenue has become old-school. Magazine businesses are shifting toward smart paywalls instead. Paywalls helps convert casual readers or visiting users into full-time subscribers. There are a number of paywalls that exist in the market today, such as hard, soft and metered. But out of these, dynamic paywall stands
Customers aren’t happy with rigid subscription plans anymore. They don’t want to be locked into a certain tier which they can’t change unless they cancel subscription and re-subscribe. Such rigidity is a recipe for churn. It also acts as an upsell blocker since customers might opt against upgrading at all
Billing management is the lifeblood of subscription businesses, as their success hinges upon successful recurring payments. However, inefficient payment flows have made the process messy, error-prone, and overly reliant on manual surveillance. With manual operations, invoices, renewals and retries, etc. are often all over the place. But AI native billing
Pricing products and services right is the key to maintain profitable margins while attracting more subscribers. For subscription companies, particularly, pricing is not merely about billing customers, but also intelligent expansion. One dollar too much can turn off subscriptions, and one dollar too little can devalue services. On the contrary,
Customers subscribing to different products from the same business? Great for revenue—but a headache for the management team. Why? Because the more separate subscriptions or add-ons are bought, the more invoices need to be created for each item. At least by the rules of traditional invoicing. But consolidated invoicing changes
Subscriptions promise recurring revenue, while one-time purchases promise simpler operations. Both have their own perks, as well as shortcomings and implementation challenges. So how do you decide upon the right model for your business? This blog will address that in detail. After all, implementing the appropriate model is monumental to
