In today’s subscription-driven business landscape, recurring billing software plays a pivotal role in the success of a business as it ultimately ensures seamless revenue generation and customer satisfaction. Numerous businesses, such as streaming platforms, e-commerce businesses, fitness centers, and utility companies, tend to use subscription management software in order to automate their subscription workflows. Given the quite recent outbreak of the pandemic, the business front was quick to adapt to the ever-changing needs of its customers. The need for businesses to adapt and transform their services to include recurrent payments, refunds, and sufficient adjustments has become more critical than ever.
Delve deeper into our comprehensive review of recurring billing software, where we analyzed numerous options while comparing their features, pricing, services, and integration capabilities. Moreover, discover how our powerful recurring billing platform has been instrumental in empowering organizations to boost revenue and foster customer loyalty.
Continue reading to find out what subscription management software you find best.
Why Opt for a Recurring Billing System?
A recurring billing system offers a multitude of benefits for businesses that may want to streamline their subscription management and recurrent billing. Here’s a list of benefits for why your business may want to opt for a recurring billing system:
- Flexible Pricing and plans: Businesses can easily opt for multiple pricing options or subscription tiers which may be more in line with their customer base
- Customer Retention and Satisfaction: With the help of subscription management software, businesses will be able to mold their services according to the needs of the customers. This adaptation to the customers’ needs may lead to a great degree of personalization which may prove to be a competitive edge in the industry.
- Integration with other systems: The subscription management software can easily integrate with other business systems such as CRM or marketing tools. This integration ensures a seamless smooth data flow and an overview of customer interactions.
- Analytics: The subscription management software provides valuable insights about trends and customer behavior that is helpful for retention strategies.
- Scalability: Lastly, if your business is planning on expanding then it definitely requires a recurring billing system to streamline the handling of the influx of customers.
Continue reading to find out how we reviewed the best recurring billing softwares in the market.
A Comparison: Best Recurring Billing Softwares
1. Chargebee
Price: Starts at $249/month
Free Trial: No
Products:
- Subscription management
- Recurring billing and invoicing
- Recurring payments
- Accounting and taxes
- SaaS reporting
- Enterprise billing
- Integrations
One of Chargebee’s key strengths is its diverse billing options. More notably, it offers support in 100 local currencies which makes cross-border transactions seamless. This subscription business streamlines the revenue operations for customers while simultaneously ensuring that its integration with other existing platforms is made easy.
2. SubscriptionFlow
Price: $99
Free Trial: No
Products:
- Subscription Orchestration
- Usage-Based Billing
- Tax & Compliance
- CRM for SaaS
- Recurring Payments
- HPP & Checkouts
- Churn Management
- Retention Management
- Reporting & Analytics
In light of the changing needs of the customer base, SubscriptionFlow offers an efficient and real-time recurring billing system. SubscriptionFlow rose to the surface during the pandemic’s challenging times and quickly became a reliable ally in the industry. SubscriptionFlow empowers businesses to process subscription billing requests seamlessly while simultaneously ensuring uninterrupted operations. In short, the wide range of features offered by Subscription Flow coupled with its unmatched customer support truly helped businesses flourish in this competitive landscape.
3. Wave
Price: Free
Free Trial: N/A
Products:
- Accounting
- Invoicing
- Payments
- Payroll
Waves moved its plugins to subscription-only plans which caught the attention of its customers. Moreover, there is no need for a credit card sign up which makes the entire process hassle-free. The simplicity and the easily integrable options for this subscription platform have made their way to the platforms of small business owners. In essence, Waves is a more affordable and friendly-user subscription billing system for start-ups and freelancers.
4. Zuora
Price: Not Listed
Free Trial: Yes
Products:
- Billing
- Revenue
- Payments
- Configure, price, quote (CPQ)
- Analytics
Zuora is a one of its kind automatic billing system as it streamlines inventory options. Currently, Zuora’s extensive customer support has made it possible for the platform to expand globally. Moreover, they have access to over 20 payment methods and 40 payment gateways which makes it an ideal partner for businesses that aim to expand and optimize their subscription-based ventures.
5. Chargify
Price: Starts at $599
Free Trial: No
Products:
- Billing
- Subscription management
- A/R management
- Data and analytics
- Integration
Chargify is committed to enhancing businesses’ subscription experiences. In order to do so, it provides customers with a wide range of tiered plans that come along with efficient tools and insights.
6. Zoho
Price: Starts at $49
Free Trial: Yes
Products:
- Recurring billing
- Subscription management
- Recurring payments
- Subscription metrics
- Subscription automation
- Developer API
- Usage-based metered billing
- Dunning management
- Hosted payment pages
Moving on, Zoho provides a comprehensive solution to a wide array of customers such as small business owners and international clients. It primarily includes 5 main subscription packages which include an array of ‘basic’, ‘ standard’, ‘professional’, and ‘enterprise’ plans. With its diverse set of features, Zoho primarily appeals to start-ups within the industry. Indeed, Zoho does have the ability to propel smaller businesses further up the growth ladder.
7. Recurly
Price: Starts at $249 plus 0.9% of revenue
Free Trial: No platform fee during the first year, and the first $40,000 of revenue is free
Products:
- Subscription management
- Recurring billing
- Recurring payments
- Intelligent retention
- Analytics
- Partners and integration
Lastly, Recurly makes use of machine learning technology which helps clients optimize their profits in the long run. This feature definitely gives Recurly a competitive edge over other alternatives within the subscription billing system industry. In essence, this helps customers thrive in the ever-evolving subscription landscape.
Conclusion
To sum it up, businesses that are looking for a wide range of options in terms of customizations, affordability, customer support, and most importantly the wide range of features available, should opt for Subscription Flow.