In today's business world, more and more companies are moving to a subscription-based model. This shift has caused many companies to reevaluate their subscription management processes.
When you think about your e-commerce business, subscription services should be the top priority to ensure the satisfaction of the customers by giving them a great user experience and securing payments.
There are a lot of tedious tasks that come with managing subscriptions, and it is hard to keep up manually. Luckily there's an easy way out – you just need the right software for this!
With subscription management software, it is easy to manage customer subscriptions. You can automatically generate invoices, track payments, and more without any hassle.
In addition, subscription management software can provide businesses with valuable insights into customer behavior and trends. Ultimately, this type of software can help businesses boost their bottom line by reducing administrative costs and improving customer retention.
To help you choose the right software for your business, we've compiled a list of the best subscription management software that is available on the market that might fit your business needs and will help you to boost your ecommerce journey.
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Chargebee is a subscription management software that helps businesses automate their recurring billing, invoicing, and payments. It is a perfect fit for e-commerce businesses. The software can streamline your operations with a simple interface that provides all necessary tools like auto-pay functionality so users never miss their monthly charge.
It offers a wide range of features, including customer portals, automatic dunning, tax calculation, and support for multiple currencies. It also integrates with a number of popular accounting and CRM software solutions such as Shopify, Salesforce, and Zapier.
Chargebee is a comprehensive platform that provides many features to help companies manage their customers and payments. Some of the best ones include product catalogs, managing dunning, policies for cancellations, revenue recognition, and more. It also offers great customer support through its responsive system that is more appealing to clients.
Here is the list of features offered by Chargebee that you should know about:
- A 360-degree revenue reporting to analyze accurate forecast business growth with insight-driven dashboards to keep your business on track
- Enterprise-grade security to secure subscription experiences and scale to new markets with agility
- Automate subscription workflow such as managing taxes, recurring payments, quote-to-cash, and accepting payments locally and globally to save time and give your customer a great experience
- Test and deploy your experiment across your subscription workflows such as entering new market segments, deploying the big strategy, and rolling out new pricing to capture opportunities
- Increase functionality by upgrading finance and accounting, revenue and marketing, support and engagement, CRM, and inventory and logistics
Chargebee offers subscription-based pricing plans that allow businesses to choose the plan that best suits their needs. They offer a free plan and paid versions, and you can get a custom quote by contacting their sales.
Launch – $0.00
- Secure checkouts with an A/R aging report
- Issue credit notes and allows dunning
- Create a customer portal
Rise – $249.00 per month
- Access everything from the launch plan
- Custom domain with multi-lingual support
- CRM and accounting integration
- Automate sales tax and advanced analytics
Scale – $549.00 per month
- Access everything from the rise plan
- Manage user role and multiple payment methods
- Smart dunning and creating advance invoices
- Automation on chargeback and receive priority phone support
Enterprise – custom
- Access everything from the scale plan
- Get dedicated CMS and quotes
- Contract terms with account hierarchy
Chargify’s Billing is a game-changing tool that helps you stay aligned with the competition. With event billing, you can get deep information into your recurring revenue and allows quote-to-cash automation with ease. You can also automate the customer billing process, track customer subscriptions, and manage recurring payments.
Chargify also offers a host of features to help businesses optimize their subscription plans and grow their business. For example, businesses can use Chargify to set up subscription tiers, offer discount codes, and track customer churn.
In addition, Chargify provides businesses with valuable insights into their customer base, including detailed reports on subscription activity and customer lifetime value.
Chargify is a subscription management software that helps businesses manage their recurring billing and subscriptions. It offers a wide range of features, including automatic billing and renewals, customizable subscription plans, coupons and discounts, and more.
Here is the list of features offered by Chargify that you should know about:
- Data analytics to monitor accurately revenue, products, and customer trend in real-time
- Manage subscriptions with comprehensive billing structures to increase customer satisfaction, retention, and growth
- Customizable billing models to monetize offers and align the pricing strategy that gives you a competitive edge
- Configurable revenue recognition that applies in the go-to-market model plus pre-built financial reports with accounting standards
- Integrate with other systems such as HubSpot, Salesforce, NetSuite, QuickBooks, and Zapier to ensure a smooth operation
Chargify offers monthly and annual billing cycles, and its pricing is based on the number of active subscribers you have. It also has a customizable pricing option based on the needs of your business.
Essential – $599.00 per month
- Built billing model and manage sales tax
- Flexible invoice presentment with analytics
- Automate credit card retires with smart dunning
- Access to customizable email templates and integration to Xero and QuickBooks
Growth – talk to an expert
- Access all features from the essential plan
- Investor-grade subscription reporting with summary visualization
- Consolidated journal entries and unbilled AR details
- Access to automated revenue recognition from customer, contract, and item
Scale – talk to an expert
- Access all features from the growth plan
- Stream solutions with multi-site functionality and event-based billing
- CRM and ERP integration to Salesforce, HubSpot, and NetSuite
- Get dedicated support from the account manager, strategic business review, and priority support
Sage Intacct is the leading provider of cloud-based accounting and financial management software. Trusted by thousands of organizations worldwide, Sage Intacct is the only financially focused cloud ERP solution that automates Financial Consolidation, Reporting, Intercompany Eliminations, and Multi-Entity Management out of the box which is applicable for managing the subscription process of your customers.
This natively multi-tenant solution is perfect for organizations with complex financial consolidation requirements, multiple entities or units, or who simply want to take advantage of the benefits of the cloud.
With Sage Intacct, you can consolidate your financials quickly and easily, while still maintaining full flexibility and control over your data.
You can also create custom reports and dashboards to give you visibility into your business at any time. And, because SageIntacct is a cloud-based solution, you can access your data from anywhere, at any time.
Sage Intacct is a cloud-based subscription management software that offers features such as automated recurring billing, revenue recognition, and contract management. It also provides real-time visibility into subscription spending and health, so businesses can make more informed decisions about their subscriptions.
Here is the list of features offered by Sage Intacct that you should know about:
- Revenue recognition to track and manage their revenue and expenses
- Allows businesses to automate their billing process, so they can save time and resources
- Contract management to keep track of their contracts and manage them more effectively
- Real-time subscription visibility with a dashboard that gives them a clear overview of their subscription spending and health
- Integrates with various third-party applications, so businesses can manage their subscriptions and increase flexibility
Sage Intacct offers pricing that is based on the number of users, the type of subscription, and the features that are needed. You can contact them to request custom pricing and discuss your specific needs with them. There are also discounts available for non-profit organizations and government agencies.
Recurly is one of the most popular subscription management software in the world. It helps businesses to automate and manage their recurring billing processes, making it a much more efficient and streamlined process for everyone involved.
With Recurly, you can dive deep into the power of subscription management by using a range of tools to determine expected revenue and discover customer insights. You'll also be able to automate billing for your subscriptions with ease thanks to their optimization engine for revenue-powered machine learning technology which helps decrease churn rates while increasing monthly revenue by up 12%.
Recurly is a subscription management software that offers robust features for businesses of all sizes including recurring payments, invoicing, coupons and discounts, and customer management. Recurly also provides businesses with detailed reports and analytics on their subscription data.
Here is the list of features offered by Recurly that you should know about:
- Integrate with other systems to manage and optimize your subscription strategy
- Streamline and scale recurring billing and payment processes and manage subscriber lifecycle with no hassle
- Manage experiments for successful use of plans, billing models, and item catalogs to evolve and improve your business
- Intelligent retention including life cycle management tools to increase your customer lifetime value and recover more revenue
- Data analytics to view subscriber retention trends, financial metrics, the performance of the promotional campaign, and more
Recurly is a subscription management software that helps businesses manage and monitor their subscriptions. The company offers three pricing plans: Core, Professional, and Elite with different access to features depending on the necessary tools needed by your business.
Core – $199.00 per month
- Access to multiple gateways and subscription plan management
- Get product and promotion insights with automated data import
- Integration with Zendesk, Mailchimp, iOS, and Android SDKs
- Secure checkout flows with limited advance analytics and coupons, gifting, and promos
- Limited to dunning campaigns, revenue recovery, and multilingual customer communications
Professional – contact Recurly to learn more
- Make unlimited coupons, gifting, and promos
- Allows data import and export with access to multiple API keys
- Access to all advanced analytic tools with trial performance insights
- Access to multiple gateways and payment methods plus multiple currencies
- Fully access revenue recovery, dunning campaigns, churn analysis, and recurring payments
Elite – contact Recurly to learn more
- Get full access to all subscriber management tool
- Get full access to payment and billing tools with support and services
- Automate workflows with no limitations and integrate with available platforms
Stripe is a technology company that allows businesses and individuals to make and receive payments over the Internet. Stripe provides the infrastructure for online transactions, making it easy for businesses to accept payments from anywhere in the world.
Stripe has been involved in some of the biggest online transactions, including Facebook's purchase of WhatsApp and Skype's acquisition of GroupMe. The company also provides tools for developers to build applications that integrate with Stripe's payment processing capabilities.
In addition to its payment processing services, Stripe also offers a suite of business intelligence tools that help businesses track their progress and identify opportunities for growth.
Stripe is a popular subscription management software that offers many features to its users. Some of these features include the ability to create and manage subscriptions, automatic billing, and support for a variety of payment methods. Additionally, Stripe also has built-in fraud protection to help keep your data safe.
Here is the list of features offered by Stripe that you should know about:
- Accept recurring payments and support more products through their billing processes
- Powerful API and software solution to accept payment globally and capture more revenue
- Build invoicing to save time and get you paid faster by your customers without the hassle
- Increase authorization rate with machine learning to protect yourself against fraud and secure payments
- Customizable flows such as payment process by using their pre-built UI components that will also support different payment methods
Online businesses of all sizes use Stripe to accept payments and manage their subscriptions. You can get started quickly and securely, without worrying about PCI compliance. Plus, there are no long-term contracts or commitments. You can contact Stripe to learn more about the pricing.
Integrated – pay-as-you-go pricing
- Access all features for managing payments
- Get updates of new features per year
- No monthly fee, set up fee, and hidden charges
- Ideal for businesses with large payment volume
- Receive volume and multi-product discounts
- Country-specific rates and interchangeable pricing
SaasOptics is a cloud-based software company that provides a complete solution for managing the front office operations of small and medium businesses.
It provides an excellent, cost-effective way to handle your business' subscriptions. With integrations with popular accounting software like QuickBooks and Salesforce, you can easily track all of those monthly payments without any hassle.
The software offers a suite of tools for managing customer relationships, sales opportunities, and marketing campaigns. The software is designed to be easy to use and scalable so that it can grow with your business.
SaasOptics provides an excellent subscription management platform for B2B SaaS and other subscription-based businesses. This cost-effective software helps you leverage integrations with platforms like QuickBooks, Salesforce, or even Gmail by sending notifications on customer activity straight into your email box.
Here is the list of features offered by SaasOptics that you should know about:
- SaaS metrics and analytics to have better insights and make the right business decision
- Automatically generate invoices and bills, and track payments. This helps businesses reduce administrative time and effort spent on billing and payments
- Manage customers’ contact information, preferences, subscription history, etc. This makes it easier for businesses to provide a personalized experience to their customers
- Sends automated alerts whenever there is a change in a subscription, helping businesses stay updated on all important changes related to their subscriptions.
- Provides detailed insights into customer behavior, including how much they are spending, what products they are buying, etc. This helps businesses better understand their customers and make more informed decisions about product pricing, marketing, etc.
To access the features offered by SaasOptics that will be needed for your business, request a custom quote by filling up the form provided on their website.
Zoho Subscriptions is a recurring billing and subscription management software. With Zoho Subscriptions, you can automate your subscription business from end to end. From signup to cancellation, Zoho Subscriptions takes care of it all.
In addition, Zoho Subscriptions integrates with other Zoho products such as Zoho CRM and Zoho Marketplace. This allows businesses to manage their entire customer lifecycle from a single platform.
The Zoho subscription management tool is an easy way to keep your bills in check, no matter what month it may be. With tools like automatic proration and tax compliance, you can easily orchestrate billing frequencies that will make sure nothing goes unnoticed or unprotested for too long! The platform also provides features such as deferred payment plans with usage tracking so there's never anything left unpaid at the end of each period.
Here is the list of features offered by Zoho Subscription that you should know about:
- Collect payment online or offline and accept in multiple currencies to get paid faster
- Choose invoices templates and craft your pricing tables by using available widgets
- Customize and automate your billing subscription plus send tax-compliant invoices to save time
- Manage your customer subscriptions by creating plans, offering plans and coupons, and by creating a self-service portal to ensure that customer gets what exactly they want
- Stay up ahead with your decision-making by receiving analytic reports, revenue, churn, and subscription activity
Zoho Subscriptions offers a wide range of pricing options to fit the needs of any business. You can choose from monthly and annual plans. You can also select the number of users that need access to the software. There are also discounts available for nonprofit organizations. They also offer a free plan with limited features only to explore and try their software and an enterprise plan to get a custom quote.
Basic – $49.00 per month
- Limited to 500 customers subscription
- Access to 3 users with 3 automated workflow
- Create hosted payment pages plus multiple payment methods
- Automatic dunning payments that support multi-currencies
- Access up to 40 subscription metrics and create a client self-service portal
- Get 24/5 email and phone support
Standard – $99.00 per month
- Access all features from the basic plan
- Limited to 2000 customer subscription
- Access to 5 users with 10 automated workflow
- Create customer portal single sign-on with customizable button and domain branding
Professional – $99.00 per month
- Access all features from the standard plan
- Limited to 5000 customer subscription
- Access to 10 users with 10 automated workflow
- Allows custom scheduling and Twilio Integration
- Received support from email, phone, and live chat
Subscription management software is an important tool for businesses of all sizes. It allows you to keep track of your subscriptions, automate billing, and reduce the amount of time spent managing payments. The right subscription management software will save you time and money, and make it easy to keep track of your subscriptions.
There are a number of subscription management software options on the market, and choosing the right one for your business can be difficult. You can choose or compare each software recommended above to see what subscription software will work for your business.
Frequently Asked Questions (FAQs)
Question 1: What are the benefits of using subscription management software? Subscription management software can save you time and money by automating many of the tasks associated with managing subscriptions. It can also help you keep track of your subscribers, send automated emails, and manage billing and payments.
Question 2: How much does subscription management software cost? The price of subscription management software can vary depending on the features and functionality you need. However, most software falls into one of two categories: free or paid. Free subscription management software typically has fewer features than paid software, but it can still be a good option for small businesses or those on a tight budget. Paid subscription management software can range from $5 to $50 per month, depending on the features and number of users.
Question 3: What are the drawbacks of using subscription management software? The main drawback of using subscription management software is the cost. If you have a large number of subscriptions, the monthly cost of the software can add up quickly. Additionally, subscription management software may not be necessary if you only have a few subscriptions. In this case, it may be more cost-effective to manage your subscriptions manually.