Day to day operations of subscription businesses can be tedious and stressful. But now you don’t have to do these boring things manually. Subscription Management Software is the solution
In this blog, I have covered 5+ Best Subscription Management Software which automates entire subscription journey including
- One time & recurring payment
- Client communication
- Managing dunning and delinquent accounts
- Create & send an invoice to your customers
- And also provides important key metrics that will help you to understand your business health.
Below you will find 5 best recurring billing management software which offers a Free trial period, so you can take a little bit of the product and decide which tool has the best taste.
Have a look at some more interesting & informative blogs –
Let’s explore all these software without much ado:-
1. Pabbly Subscriptions :-
Pabbly is easy to use subscription billing software which comes at an extremely affordable lifetime purchase price. It helps you know advanced Stripe as well as PayPal metrics.
Plus you can handle an unlimited number of customers, invoices and get access to all advanced features with 24/7 live chat support all these services at no additional charge.
Just by following a simple three-step process you can create attractive checkout pages for your product without writing a single line of code.
Pabbly Subscriptions Attributes:-
- Top Payment Gateways
Pabbly Subscriptions allows you to accept payment via different payment gateways like PayPal & Stripe, it also supports multiple currencies which simplifies the transaction process.
- Advanced Dunning Management
Dunning management is a renown feature which helps you reduce churn rate as it sends reminders to customers about payment failure or due payments.
- Create Unlimited Invoices
With Pabbly Subscriptions software, you are permitted to create and deliver unlimited invoices to customers for payment collections.
Pabbly Free Trial:-
Enjoy the seamless features of Pabbly Subscriptions with a free trial for 14 days.
Besides that, you can opt for any of the following plans :
- Starter: This plan will cost you $9 every month. Also, you can collect one-time and recurring payment.
- Rookie: For this plan, you need to pay the amount of $29. Plus, you can setup unlimited plans, products & collect revenue with no limits.
- Pro: The cost for this plan is $59 every month. Moreover, you can also send dunning emails, invoice billling, etc with ease.
- Advanced: If you want to opt for this plan than you need to pay $99 per month. And you get access to advanced features like client portal, custom domain and a lot more.
Rebilly is a perfect solution for SaaS business which automates all your online transaction and has all the features that you need to manage your subscription business efficiently.
Besides, it works with a number of payment gateways including PayPal, Stripe, Braintree, Authorize.Net, WorldPay, RPNpay and many others.
- Alternate Payment Methods
Rebilly provides a variety of payment methods including cash, check, wire, bitcoin, barter, and others so that your customer always find their preferred payment options.
- Actionable Insights
This platform gives you deep insights into your customer transaction and behavior that will help you to understand your customers completely.
- Dunning Management
This recurring billing software automatically handles all your payment failures and send a notification to your customer about the failed transactions.
Rebilly’s Free Trial:-
Rebilly offers multiple plans namely Pioneer, Entrepreneur, Executive, & Enterprise plan. All these plans come with 90 days free trial so you can explore the entire platform and decide what you’d like to purchase.
Let’s take a look at the Rebilly’s Premium Plans:-
- Pioneer Plan:- It is a Free plan where you can manage up to $1000 revenue in a month. If your business generates more than $1000 in revenue then you have to switch your plan.
- Entrepreneur Plan:- Entrepreneur plan allows you to manage $50,000 revenue in a month and will cost you $149 per month along with $0.10 per transaction fee.
For instance:- Suppose, your business generated $20,000 in revenue in a month and there is the total of 100 transactions that took place then the amount you have to pay is-
Base price ($149) + $0.10 per transaction (100)
$149 + $10 = $159
- Executive Plan:- Under the executive plan, you would be charged $1497 per month along with $0.10 per transaction fee where you can manage $150,000 revenue in a month.
Similarly, the total amount you have to pay is-
$1497 + $10 = $1507
- Enterprise plan:- Enterprise plan is for those businesses who have generated more than $150,000 in a month and its cost start from $3000.
Rebilly also builds a plan according to your business needs.
Recurly is an amazing recurring billing management software which gives you a rich interface to manage your subscription. With this software, you will be able to manage your recurring payments, subscription, client communication, order management, payment failure and many more things.
Recurly supports multiple payment processors such as PayPal, Stripe, WorldPay, Authorize.Net, Vantiv, Payeezy, etc.
- Plan Management
You can create as many subscription plans as you want and set different billing frequencies, currencies or pricing tiers to provide adequate choice for your customers.
- Handle Customer Subscription
This recurring billing software takes care of automated customer subscriptions, proration of payments, as well as the management of payments to customers according to their plan.
- Subscription Chart
Subscription chart gives you a comprehensive view of your plans like how your plans are performing, which is the most popular plan, top five plans by subscription and growth trends over time.
Recurly’s Free Trial:-
Recurly provides three different pricing tiers Core, Professional, & Enterprise plan with 30 days free trial period, so you can explore all the features and functions of the software and after the trial period, you can easily decide which plan is perfect for your business.
Have a look at Recurly’s pricing tiers.
- Core Plan:- The core plan is for those businesses who have to manage simple online payments. This plan will charge you $99 per month plus 1.25% of revenue plus 10¢ per transaction.
Suppose, your business has generated $20000 revenue in a month through 50 transactions, so for this the calculation will be:-
Base price ($99) + 1.25% of the revenue ($20000) + 10*50
$99 + $250 + $5 = $354
So, you have to pay $354 for the core plan.
- Professional Plan:- This is the most popular plan for growth-oriented businesses which charge you $299 per month along with 10¢ per transaction fee and 1.25% of the revenue.
Similarly, the calculation for the professional will be:-
$299 + 1.25% of revenue ($20000) + 10*50
$299 + $250 + $5 = $554
So, you will be charged $554 for the professional plan.
- Plan For Enterprise:- Enterprise plan is a custom plan for those businesses who have volume pricing and white-glove services. For pricing details, you have to get in touch with the Recurly sales team.
Chargify is wondrous subscription & recurring profit maximization tool which solves all your complex subscription task easily and give you comprehensive reports on your business activities.
This software can be integrated with all major payment gateways such as Stripe, Paypal, Authorize.Net, Braintree, and others.
- Customer Communication
Automate customer communication throughout the entire customer lifecycle, from customer sign up to subscription cancellation.
- Self-Service portal
Chargify provides a self-service facility to your customer through which your customer can upgrade or downgrade their products, update their personal information, access their billing history, and much more.
- Analytics & Reports
Get to know your business growth over time through analytics reports which show you monthly recurring revenue, average revenue per customer, average revenue per plan, customer lifetime value etc.
Chargify’s Free Trial
Chargify comes with three different plans including Essential, Advanced and Enterprise. All these plans offer 30 days free trial to their customer so you can visit the entire platform before you commit to a paid subscription plan.
Let’s have a look on the Chargify’s Paid Plans:-
- Essential Plan:- Essential plan will charge you $149 per month along with 1.2% of revenue fee.
For example:- Suppose, you have generated $10000 in a month then total amount you have to pay is:-
Base price ($149) + 1.2% of revenue ($10000)
$149 + $120 = $269
- Advanced Plan:- In the advanced plan, you would be charged $299 per month with 1.2% of revenue fee.
Similarly, you have to pay for the advanced plan is:-
$299 + $120 = $419
- Enterprise Plan:- It is a custom plan, to build a custom plan you have to contact the Chargify sales team.
Chargebee is a secure and reliable recurring billing software which handles complex recurring billing scenario and subscription task.
Moreover, it also supports different payment gateways like PayPal, Stripe, Authorize.Net, Braintree etc.
- Create Beautiful Invoices
This system automatically creates elegant and comprehensive invoices to your customers by tracking the transaction history.
- All Data In One Place
Chargebee’s dashboard shows you all the valuable key metrics including MRR & CMRR, refunds, transaction trends, signups & activations, churn, plan & addon MRR etc. that will help you to understand your business health.
- Stay Updated
This subscription billing software keeps you informed about every single business activities so you will never miss something that is important for your business.
Chargebee’s Free Trial:-
Chargebee offers three different plan Go, Rise, & Scale plan with 30 days free test drive so, you can test the working of the software and see how this software empower your subscription-based business.
- Go Plan:- In Go plan, you can manage up to $25000 revenue in $99/mo. If you exceed this limit then you have to pay 0.5% of extra revenue.
Eg. Suppose, your business has generated $30000 revenue in a single month then total amount you have to pay is:-
Base price ($99) + 0.5% of overage revenue ($30000 – $25000 = $5000)
$99 + $25 = $124
- Rise Plan:- Rise plan allows you to manage $50000 revenue in a month and will charge you $299 per month along with 0.6% of overage revenue fee.
Similarly, for the extra revenue, the calculation will be:-
Base price ($299) + 0.6% of overage revenue ($55000 – $50000)
$299 + 0.6*$5000 = $329
So you have to pay $329 for the rise plan.
- Scale Plan:- Under the scale plan, you have to pay $599 per month for $75000 revenue. For extra revenue,
Hiveage is an online recurring billing & subscription management platform which simplifies all aspects of subscription and gives payment analytics reports that you need to run your business smoothly.
Furthermore, this software offers more than a dozen of payment processors including PayPal, Stripe, Authorize.Net, Braintree, Razorpay, Securepay, Wepay, etc.
- Flexible Scheduling
By using this software, you can easily charge your customers on a daily, weekly, monthly, or yearly basis.
- Manage Staff Member Access
With the help of this software, you can grant different levels of access to your staff members, manager, and contractor.
- Track Your Invoices
With Hiveage’s clear invoice status labels, you can easily track which of your invoices are saved as drafts or sent to the customer, and seen by a customer or not etc.
Hiveage’s Free Trial:-
Hiveage offers you both monthly and yearly plans along with 14 days free trial and you can also extend the free trial period from 14 to 42 days by promoting Hiveage on social networking sites like Facebook, Twitter, Google, and Linkedin.
- Starter Plan:- Starter Plan will charge you $19 per month ($15 on annual basis) where you will get all features with 2 staff member access, 250 recurring profiles, 50 auto-billing profiles and 1 GB file storage.
- Basic Plan:- The basic plan costs you $39 per month ($29 on annual basis) and provides you all features along with 5 staff member access, 500 recurring profiles, 100 auto-billing profiles and 2 GB file storage.
- Studio Plan:- Under studio plan, you would be charged $69 per month ($59 on annual basis) and will get all features, 10 staff member access, 1000 recurring profiles, 250 auto-billing profiles and 4 GB file storage.
- Company Plan:- Company plan will charge you $99 per month ($79 on annual basis) and gives you all features with 20 member staff member access, unlimited recurring profiles, 500 auto-billing profiles and 8 GB file storage.
I hope this article helps you to find out the best subscription management platform for your business.
Above I have mentioned 5+ best subscription management software which offers free trial pack, so you can test all the software for free and get to know how the software works and how you can benefit from it.
For more related information, you can also go through the following blogs:-
- 10 Most Popular Subscription Tools For Billing, Plans & Product Management
- Best SaaS Billing Software & Recurring Payment Management
- 10+ Subscription Billing Software For Flawless Management
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