Last Updated on December 20, 2022 by Arif Chowdhury
Subscription management and billing for a large number of customers may be a time-consuming and inefficient procedure. Thus, subscription billing software is essential for any organization.
If you have a large customer base, you must consolidate all your customer’s information into one place, including contact information, payment information, and the ability to create invoices.
Is it safe and efficient to do everything with a pen and paper?
No, I don’t think so. Not at least in today’s digitalized world.
Suppose you want to effectively manage the vast amounts of data produced by company transactions. You’ll require subscription management services with billing automation; it will assist you in consolidating your data and handling every element of your business client management.
Data extraction will be flexible due to making it simpler to extract data and saving time in payment administration, detailed reporting, payment processing, and invoicing activities.
Besides, keeping the customer retention rate high is nearly impossible without a cloud-based payment gateway nowadays.
What is the best subscription management software?
We’ve compiled a list of 7 subscription management software based on our extensive research, and each listing includes a description of the features and a pricing range for each product.
Comparing the top subscription management software for eCommerce may help you choose the most refined product that suits your business needs.
Quick Note: For revenue management, subscription software is essential for a large organization. Revenue recognition and recurring revenue management can automate with subscription software.
1. Pabbly
How to keep track of subscriptions? With this subscription management software, you may make infinite money and have many customers.
Furthermore, there will be no additional fees. You are free to utilize the system for as long as you want.
Pabbly Subscriptions management allows you to build multiple products and plans. It’s possible to offer these plans and products through checkout pages and keep track of customer and subscription data separately.
Only a combination of these two strategies offers a dedicated affiliate management system for regular payments.
Pabbly Subscriptions, on the other hand, can take care of all your subscription payment needs while keeping within your predetermined budget. You can do anything with it, receive subscription fees from clients, manage all subscription databases from a single dashboard, monitor detailed statistics from professional reports automatically generated by software, and the list goes on.
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Here are some of the best things about Pabbly:
A dashboard for affiliate management.
A built-in tool lets you keep track of your affiliates. Pabbly Subscriptions’ built-in affiliate management feature makes keeping track of your mates simple.
Portal for client and customer.
Customers will access their account information and subscriptions and edit their subscription details via the program’s integration.
Detailed analytic report.
A dashboard on the site shows you detailed metrics like how many subscribers in the last month and current month, how many canceled their subscriptions, etc., in real-time.
Management automation.
You may generate an invoice for your client’s recurring or one-time purchase. Pabbly Subscriptions saves you time by handling the tax calculations for you.
Pricing option.
The price will change depending on how many months you want. Consider a low-cost monthly or yearly membership package if you increase your income without limiting your customer base.
With Pabbly, you pay a monthly set fee of $39 to generate an infinite amount of sales income and an unlimited number of clients without incurring any transaction fees.
Although the annual membership costs $199, the first six months are free. As a result, you wind up saving 50%.
2. Billsby
The Billsby subscription billing system is a feature-rich, customizable, and simple-to-integrate solution with everything you’ll need to operate your company, including a level system; it will help you identify the most profitable clients to the least.
Billsby’s intriguing features include the following:
Flexible invoice option.
Invoices from Billsby feature an account management sidebar rather than a static PDF for customers who desire greater control over their accounts. For example, missed payments may be charged to the client’s card, or they can contact your customer service team to make other arrangements.
Embedded payment option.
Billsby’s integrated checkout, which includes several essential features such as subscription plan selection options and custom fields, makes it simpler for clients to purchase with their favorite choices.
Follow-up payment.
You may address missing payments in a variety of ways with Billsby. You can also choose how customers who wish to cancel their subscriptions are reunited with you.
Pricing option.
Billsby’s pricing is unusual among subscription management systems. It includes all capabilities at every price level, so there’s no need to upgrade to a costlier plan to obtain the features your company requires.
Because there is no monthly plan with Billsby, you will not be charged if you make money. However, during the risk-free trial time, you will be charged once you’ve generated $5,000 in income utilizing Billsby’s services, so it’s worth checking out.
After that, you’ll only owe a charge of 0.4 percent of your net earnings. If your company generates $10,000 in monthly revenue, Billsby will charge you $40 monthly.
However, even if you don’t want any third-party logo or brand in your email content or invoices, you may use their white label option for a bit of a fee if you want to remove their branding altogether.
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3. Skio
Skio allows you to sell subscriptions to your clients fast and with a simple process, even if you have a custom offer for them with various plans and prices.
To quickly build up complex price systems for your service, you should try out their application.
Customers may easily manage their subscriptions on any device, including smartphones, tablets, and desktop computers.
Skio is a Shopify-specific subscription-based e-commerce platform. As a result, you’ll save time since you won’t have to deal with customer complaints or manually monitor subscriptions.
Your time is better spent operating your company than dealing with subscribers.
Some key features.
- Customers will be pleased to transfer payment providers since they won’t have to deal with payment issues or card changes.
- You may include customer loyalty programs and discounts with post-paid bills.
- Customers will be able to see their account information when they check in.
- A headless customer interface, which can serve almost any number of clients, saves time and money on administration.
Pricing options.
Skio is available for a monthly fee of $299. Each subsequent transaction will be subject to 1% and a flat fee of 20 cents. In addition, the interest rate fluctuates based on the amount of money the organization earns.
The company’s website lists a few restrictions that prohibit specific potential customers from taking advantage of the free trial.
4. Recharge
A recharge is a must-have tool for anybody looking to increase revenue, acquire new clients, or improve relationships with current customers.
These subscriptions act as a global connective tissue. They serve more than 35 million consumers across the world. In addition, you can quickly build secure payment sites for invoicing subscribers using ReCharge’s simple user interface.
Using Recharge, businesses may keep and increase client loyalty by offering subscription-based services.
A subscription-based company can easily keep tabs on its performance while rapidly growing worldwide by using subscription management solutions.
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Additional features.
- The automation management option allows order talking and processing from customer and delivery, recurring payments, recurring billing, and automatically managing subscriptions. Thus it becomes much more manageable.
- If you have a solid international payments infrastructure, you can reach more consumers across the globe.
- Allow subscription offers as soon as feasible, giving you the advantage of converting your clients.
- You can maximize revenues by considering customer lifetime value and engagement while making decisions.
Pricing options.
You may choose one of the two pricing plans for your business.
- Standard plan: It has no monthly fees (pay-as-you-go model), costs 1%, and a 10c flat fee per transaction.
- Pro plan: Monthly cost $300; transaction cost 1% and 19c flat fee.
To help you expand your company and make more money, you may utilize a Pro plan to gain some excellent insights into metrics, reporting, and analytics that can assist you.
5. FastSpring
FastSpring’s subscription management software is the best tool for managing recurring charges. As a result, many large corporations, including Microsoft and Adobe, use it.
Below are some features you will get from FastSpring:
Lightning-fast setup option.
Simple to set up, you can create as many pricing plans as you need with only a few clicks using FastSpring subscriptions.
Don’t want to build your own? Then choose a premade template.
In addition, their software enables practically any subscription model, such as a free plan, a trial option to try out their paid plans, and others.
Foolproof financial security system.
Various issues are covered in this area, such as integrating coupons and discounts, refunding overpaid customers, and customizing clients’ care notes and plan settings. It also included a safeguard against fraudulent payments.
Pricing options.
Grow plan: This has a dynamic costing model; you will pay 5.9% and a flat fee of 95c per transaction.
Business Plan: A monthly fixed cost of $199; apart from it, you have to pay a fee per transaction.
Enterprise Plan: It has unique features such as CRM software integration. However, to learn about pricing, you have to contact them.
6. Chargebee
Chargebee’s robust platform simplifies subscription and billing management. With Chargebee, you not only have complete control over your client subscriptions, but you also have access to valuable data that may help your business develop.
With Chargebee’s sophisticated capabilities, you can build customized subscription plans for each consumer and promote them by cross-selling options.
Some features that make them unique.
- The software will inform customers about upselling, cross-selling, and bundling possibilities before making an order, thus increasing your overall sales.
- Control subscriptions and recurring income obligations, as well as your ability to react quickly to any problems that may occur to ensure that you fulfill your promises.
- Provide your members with a safe membership experience by offering a secure, dependable payment system.
- It is possible to connect with an actual individual while receiving consumer payments, enabling you to collect money upfront and minimize disputes. As a result, your chances of not being paid are down, and your cash flow goes up.
Pricing.
Chargebee’s four plans come with various options, so you can choose the one that’s right for you.
Here are the pricing models they offer:
- Launch plan: for three users, no monthly cost until you reach your first revenue mark of $100K.
- The rise plan is best for ten users; the monthly cost is $249.
- Scale plan: for 25 users, the monthly cost is $549.
- Enterprise plan: for a large organization with a custom solution, call them to quote a price.
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7. Zuora
You can keep track of all your clients and subscribers using Zuora’s subscription management solution.
They have been merging their software with the most valuable functions and third-party integrations for a long time.
Customer data, such as real-time invoicing and subscriptions, may help marketers make more informed decisions about their overall marketing strategy. It will result in more profits as well as greater engagement with clients.
Key features.
- Develop new charging models, integrate income streams and keep subscriber relationships strong with this software.
- By automating your time-consuming revenue procedures on autopilot, you’ll be ready to go live with your books every time.
- Zuora offers the most extensive dataset and in-depth market expertise to optimize subscription revenue, improve payment processing faster, and decrease churn.
- Take advantage of their various features, such as speed and flexibility. Also, you can use their SDK and APIs in any eCommerce platform you want. Therefore, it will help you to grow your business fast.
Pricing.
Zuora’s website does not provide any pricing information. However, customers are invited to join up for a free trial of Zuora to see how subscriptions may benefit their business operation.
Conclusion.
With subscription management software, you can accomplish impossible things. However, every brand has its strengths and weaknesses, and you must find out which will suit your business needs.