Subscriptions Services Are All Around Us
From the streaming services you watch from your couch to bike-sharing services to ease your commute to managing access to your business software, subscription-based services offer the simplicity and predictability both businesses and consumers demand.
Why Subscription Services Are Right for Your Business
Manual Collection Processes
Can’t Keep Up
Most organizations find themselves managing collections with manual processes instead of automated collections software, leading to issues for both you and your customers:
- Revenue loss
- Frustrated employees
- Customer churn
“Using a modern, enterprise-grade software solution to automate collection activities based on risk, probability of success, and best practices, organizations can decrease DSO, reduce churn, and improve customer relations.”
Managing Director, MGI Research
Your Keys to Success – Flexibility & Automation
To achieve the value subscription services offer, a flexible and automated solution must be your first consideration.
- Configurable – manage billing cadences, invoicing cycles, pricing tiers, terms, mid-cycle changes and prorations
- Agile – set up and change subscription pricing quickly and easily for any industry
- Automated – convert manual processes into automated workflows to improve billing accuracy and efficiency
Subscription Billing Simplified
With an agile platform architecture, enterprises can extend BillingPlatform’s custom data model to support any subscription service.
And with our sophisticated workflow engine, finance teams can automate billing tasks, create triggers and outbound communications that execute without any human intervention.
From Simple Subscriptions to the Most Complex
Recurring pricing for a fixed set of features or services
Plans with multiple product or features, each with a set monthly price
Pricing based on the number of users or units purchased
Access to a specific set of functionality for free