Subscription businesses have two different ways to manage recurring payments:
Manual
Good for businesses just starting out but makes scaling and customized offerings difficult. Lots of opportunity for human error or things to fall through the cracks.
Automated
Great for startups or rapid growth businesses looking to scale. Reduces time spent on billing and likelihood of human error. Improves customer satisfaction and can reduce churn.
Signs You Need a B2B Payment Automation
Your team spends more than a couple of hours each month creating and processing invoices.
Customers are frustrated with late or error-ridden invoices.
Your team is too overwhelmed simply getting invoices out to deal with the backlog of outstanding invoices.
Billing mistakes, however small, cause big issues for your team and customers.
You don’t have a clear line of sight into metrics like new, expansion, or contraction MRR.
Feature Checklist for Your Research:
- Recurring subscription billing management
- Built-in payment gateway
- Flexible payment methods in multiple currencies
- Recurring subscription billing management
- Automated revenue recover / Dunning management
- Real-time analytics and reporting
- Integrations with major business software
- Rest API tools and webhooks for more custom integration needs
- Robust accounting capabilities
- Proration automation
- Reseller management and account access
- Customer self-service portals
- Flexible revenue recognition settings
- Track and project current and future revenue
Turn Your Billing Pains into Endless Opportunities
We know a software purchase can be a big decision, and we want to help you make sure you’re choosing the right solution for your business.
