Management of anything is a crucial part of any business, it is essential that all the things fall into place and is executing properly, and the same postulate follows for the subscription as well.
A subscription software will allow you to monitor and manage the subscriptions and billing that are being generated for your business, all sorts of invoices and the billings can be handled and send to the customers reporting them about the status of the plans they have opted for.
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Best Invoice Management Systems: Automate Billings & Subscriptions
The software collection that has been presented here is the one that will fulfill custom requirements of the user, all the automated billing and subscription software also gives a top-level security so that your data does not leak.
Some more enormous blogs are here. Just have a look at them –
So, without delay, let’s explore these services one by one:-
1. Pabbly Subscriptions
PabblySubscriptions didn’t just pop-up spontaneously in our mind while we were ranking it #1, it was after much deliberation that we got firm on this ranking.
Let’s us shed more light on why Pabbly Subscriptions and nothing else.
So move your subscription business from where it is to where you want it to be with Pabbly Subscriptions.
You cannot just stumble upon a smooth flow of your work. It requires an expert to keep work flowing flawlessly. You can have Pabbly Subscriptions as an expert in your subscription billing needs for a month at just $5.
The growth of your business will be the mixed effect of works that Pabbly Subscriptions will do for you.
Start adding value to your business by including Pabbly Subscriptions in your everyday business activities.
Pabbly Subscriptions generously offers you its excellent features and a lifetime commitment for a small amount of money that you invest in it.
- For a subscription business, the major problem lies in the manual management of payment and here Pabbly Subscriptions comes to rescue by automating all your recurring and one-time payments and also managing it all efficiently in one dashboard.
- You can effortlessly send countdown emails wit this dunning management feature of Pabbly Subscriptions. It automatically sends emails on the coming of plan expiration date.
- With Refund feature of this software, you can refund the amount of your customer without any trouble.
- For ease of payments, Pabbly Subscriptions supports multiple currencies, multiple payment gateways and also offers multiple payment options.
Pabbly Subscriptions offers you different pricing plans to choose from.
Starter:– Buy this plan at $5 per month and get access to all the efficient features like dunning emails, invoice billing, one-time or recurring payments and lot more features in store.
Rookie:- This plan will cost you $29 per month. And you also get to use the features like set-up unlimited plans & products, collect payments through multiple gateways like Stripe & PayPal, etc.
Pro:- For acquiring this plan, you need to pay $59 per month. Plus, you can send dunning emails, provide multilingual checkout page, invoice billing and a lot more.
Advanced:- If you want to avail of this plan. then you have to pay $99 per month. Also, you get various features like client portal, custom domain, affiliate system, etc.
Avangate allows you to develop a long-term recurring revenue by making your customer relationships more concrete, the software is leading digital commerce platform which would simplify all the subscription and billing related tasks of your business.
- The system provides a powerful management tool which gives CSR a single page providing a 360 view of customers’ subscriptions, entitlements, updates, renewals.
- The user will get advanced CRM features like campaign and lead management, customized email templates and tracking, help to reduce churn and increase retention.
- Deliver your customers phone support in nine languages which are English, French, German, Italian, Spanish, Japanese, Dutch, Romanian, Chinese.
Growth edition:– In the growth edition, the plan is like 3.99% per transaction + 0.99$ merchant account fees for the revenue limit upto $15000 per month.
For example:- If there is a $30 transaction, so the 3.99% of $30 would be $1.197 per transaction + 0.99$ merchant account fees at your business.
Standard edition:– In case of the standard edition there is no revenue limit unlike the growth plan and you would have to pay 4.9% per transaction + $2.5 merchant fees.
For example:- If there is a $30 transaction, so the 4.99% of $30 would be $1.497 per transaction + $2.99 merchant account fees at your business
Chargify gives you an amazing platform to handle all your subscriptions and the automated invoicing, the user can automate through 20+ supported payment gateways, which makes it easy for your customers to pay quickly and without any hassle.
- You can quickly launch with ready-to-use public signup pages and use their API to seamlessly integrate into your existing signup process.
- Give your business a level 1 PCI compliance security and keep your data intact, you can easily communicate with your customers to keep them informed throughout the customer lifecycle.
- Give your customers a self-service portal to upgrade/downgrade products, access billing history, and manage account related information.
Essential Plan:– The user has to pay $149/month + 1.2% of revenue that has been generated at his business.
Eg :- If the revenue generated is $10000 then 1.2% would be $120
So, $149 + $120 = $269
Advanced Plan :- In this case, the user will be required to pay $299/month + 1.2% of revenue generated.
Eg. Similarly, for this plan, the calculations would be:-
$299 + $120 = $419
Enterprise:– Need to contact sales to build a custom plan for your business.
Recurly provides you a platform that will manage your subscription billing and helps you reduce the churn rate and increase the revenue by 7%, the software also provides PCI level 1 security that will keep your data secure.
- There are multiple types of billing models that have been incorporated in the software like fixed recurring, one-time charge, hybrid, seat based, usage based.
- Create as many plans as you want and you may choose to offer a variety of different billing cycles and/or pricing tiers to provide adequate choice for your customers.
- Your customers can also add or remove add-ons after subscribing, and the software will handle the proration of mid-period payments and customer email confirmations.
Core :- The pricing for this plan would be $99 per month of the plan + 1.25% of the revenue generated + 10 cents per transaction.
Professional :- The pricing for this plan would be $299 per month of the plan + 1.25% of the revenue generated + 10 cents per transaction.
Enterprise :- Custom price plan need to contact the service provider.
Example :- For the core plan, if there is a revenue generation of $20000 and there is a total of 100 transactions that took place so for that the calculations will be:-
1.25% of $20000 = $250
10 cent per transaction, then 100 transactions will be 10*100 = $10
So, $99 + $250 + $10 = $359 is what you have to pay for the core plan and similar will be the case for Professional as well.
FastSpring is an ultimate invoice management system which will give customizable subscription management and recurring billing platform that will be perfect for your business.
- The software supports multiple types of subscription models which include free and paid trials, on-demand subscriptions, one-time setup fees, installment payment plans, and more.
- The system has a full platform for the diverse selection of features designed to improve subscription management and recurring billing.
- The tool is a powerful e-commerce platform too where you can test the entire lifecycle of an order before you go live.
“Pay As You Grow“ plan :- the plan offers low competitive rates in which you have to pay 5.9% per transaction + 95 cents for the account fees.
For example:- So if there is a transaction of $100 then the calculations would be like 5.9% of the $100 transaction will be $5.9 + 95 cents that goes as $ 6.85 that you would have to pay.
Business plan:- In the respective plan you will get optimized business, in which you will have monthly subscription plus transaction fees, the plan will give you additional premium services starting as minimum as $199 per month.
Enterprise plan :- In the enterprise plan, you will get multiple pricing structures with tiered volume discounts, the plan will include additional enterprise service for the business patch over 2 million annual sales.
Note:– Business and Enterprise plan are customized plans for which you need to get in touch with the providers.
Aria system is a great platform to handle your subscriptions and automate billing, revenue model of the system is so crafted that it allows you to offer products in new ways and expand your market to people.
- The system provides subscription and usage-based solutions that make it easy to upsell and cross-sell your products and provide the opportunity to transform every customer interaction.
- The software gives you a PCI compliant security, also, deeper insights into your products and customers help you easily identify trends and recognize opportunities.
- Automated enterprise-grade billing reduces human error and streamlines processes that will help you gain momentum in upgrading your business.
For the pricing details, you need to get in touch with the service providers.
7. Paid Labs
Paidlabs is an awesome billing software which allows you to handle automation billing for small and large-scale business, the system provides invoicing services which helps the user to get paid on time and keep a track of all the subscription as well.
- You can send invoices to your customers and handle your billing automation as well, the system handles the auto payment collections and metered subscriptions as well.
- Metered and usage billing is another feather in the cap of the software to the users which will give precise and accurate billing.
- An unparalleled reporting and accounting from the software providing customer level data and custom reports.
For the pricing details, you need to get in touch with the service providers.
8. One Bill
One bill is a stupendous software that will give you billing as a subscription software. It works on cloud-based and full lifecycle technology. In addition to this, this software gives you a fully functional solution that caters to the needs of the economic management.
- The system provides a hybrid solution supporting multiple business functions within the software or the connected systems.
- The software is fully capable and provides hierarchical billing, N-tier partner management, and automation.
- The system gives a full PCI compliance security in order to make your data secure and intact.
Light :- In the light plan of the software, you can choose either to pay $350 per month or else you can pay the 1.25% of the monthly revenue generated in your business.
Flex :- Likewise, in case of the flex plan, the user can pay $499 per month or else can pay 1.75% of the monthly revenue generation.
Enterprise :- On the same track in the enterprise plan you can either pay $599 or else you can pay 2.0% of the monthly revenue generated.
Scoro lets you manage and send invoices to your clients and also keep track of all the business results that you were not able to gauge earlier. Also, this software lets you schedule your business work and assign work as per the scoro planner.
- You can track both actual and billable time that has been spent on a project. Also, the user can set multi-currency custom rates.
- The software lets you manage and track the customer details through the Scoro CRM. Also, with the quoting feature, you can compile quotes and send them as PDF-files in just a few clicks.
- With the help of the reporting and dashboard of the software you can make decisions based on the stats. Plus, you can keep a track on your KPIs, actionable items, and conversions.
Plus plan :- In the plus plan you would be charged $22 per user per month.
For essential onboard charges i.e $ 899 , the calculations would be
For 5 users, $22 * 5 = $110 + $899 = $1009
Premium plan :- In the premium plan the charges would be $33 per user per month.
For 5 users, $33 * 5 = $165 + $899 = $1065
Ultimate plan :- For the ultimate plan you would be charged $55 per user per month.
For 5 users, $55 * 5 = $275 + $899 = $1174
For the setup or onboard charges:-
Essential :- $899
Standard :- $1699
Custom :- $3399
So, as a whole you be charged as per the plan you would take for the per user for a month. And you would have to pay additional charges for the respective onboard charges as per the plan you choose.
Saasoptics gives a modern approach to your financial management by streamlining your order to renewal processes. Along with this, you will get a proper insight of the entire subscription lifecycle.
- You can get all the records and reports on all key revenue numbers, including reportable revenue, deferred revenue and unbilled accrued revenue (AR).
- The software lets you optimized to meet all of your invoicing and payments needs and let you streamline your invoicing and payments.
- The tool delivers you complete subscription records with revenue, deferred revenue and invoicing, all scheduled in seconds.
Early stage:– The particular plan is for people who have a revenue generation of 1 million for 3 months. It will be of $150 which keep on increasing further proportionally as per the revenue generation.
Emerging:– The emerging plan is for businesses between $1 million to $50 million in revenue trailing for 12 months for $4000 and increasing further accordingly.
Enterprise:– In the enterprise, the plan subjects to businesses over $50 million in revenue trailing for 12 months for the pricing of which you need to contact the service provider.
Paywhirl gives you custom invoicing solutions for your business, you can easily manage your recurring billing and subscriptions. Further, the user can directly invoice through emails, phones and customer portals.
F eatures :
- The software gives customers a portal. Through this portal, they can manage their own payment methods on file, address information, custom questions, subscriptions.
- You can do the automatic payment scheduling through which you can charge recurring payments from your customers.
- Accept payments from anywhere either on your phone or tablet, by email or over the phone.
Business Pro :- In the Business Pro plan, you would have to pay $49 per month and 2.0% of the transaction.
So, for eg, if there is a single transaction of $100, then you would have to pay $49 + $2 (which is 2% of the transaction ) which will sum up to $51 as the total.
Business Plus :- In Business Plan, you would be required to pay $149 per month and 1% of the transaction.
So, similarly, on $100 transaction the sum would be $149 + $1 = $150
Business Ultimate :- In the case of Business Ultimate, the charges would be $249 and 0.5 % of the transaction.
Example, on $100 transaction the sum would be $249 + $0.50 = $249.50
So, we have reached the end of the 10 Best Invoice Management Systems: Automate Billings & Subscriptions believing that you would have got the right subscription catch for your business.
These tools will make subscription management task a lot easier than you have ever before and let you manage all the subscription-related task in a jiffy.
The features that are incorporated in the respective software are made such that they work in a self-propagating manner. That means financial and subscription processes will be managed on its own.
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