Here are a list of billing challenges faced by businesses.
No record management of the customers sign-ups, trials, activations, upgrades and downgrades for their services.
Lack of timely payments at any frequency on a monthly basis, quarterly, annually, semi-annually or as acquired by the company.
Lack of management of multiple tiers of pricing plan.
Recognizing failed transactions on different level of services at different periods.
Unable to track discounts and promotions for your services for new signups and upgrades.
Receiving payments from across the globe.
Subscription billing helps in sending bills to customers on a periodic basis, improving productivity of the invoicing process.
The subscription billing controls the frequency, the type of billing, usage or product expiry.
This helps in retaining long term clients.
Achieve better client management and retention.
Auto-billing profiles help in automatically receiving client payments online.
The feature is useful in getting paid as and when the invoices becomes due.
Auto Credit feature helps in adjusting for payments received in advance.
Subscription billing can be customised to integrate with existing CRM software.
Payments: see the amounts billed and paid.
Item: Analyse item reports and share them with clients/ report lists total no of each item invoiced for, item name and more.
Recurring: A control mechanism for all recurring reports.
Expense: Detailed reports to forecast expenses and manage business finances better.
Tax: Outstanding payment taxes and all other such reports.
Invoice: Can view outstanding, received payments reports.
Currency: Proper record maintenance in definite currency options.