Subscription Management

Subscription Management

Manage your checkout, subscription billing, and analytics without building and maintaining painful integrations between payment providers, billing and tax solutions.

Subscription management software is designed to ensure that the correct amount of money is charged to the right person the accurate number of times a year. Subscription management software includes tools to automate subscription workflow and manage the entire lifecycle of an iterative purchase.

Consumers today prefer subscriptions. ... The subscription business lifecycle is a framework for describing the needs, processes, capabilities and knowledge that subscription businesses require as they acquire, bill and retain subscribers; grow their operations; and achieve financial success.

If a business runs an app, e-commerce store, delivery service, or other platform that draws loyal customers, a subscription model or a subscriber option can boost revenue numbers and service delivery agents. A subscription manager can turn this idea into a reality, allowing users to easily implement subscription options into their payment gateways. When customers sign up for products or services, they can become subscribers and have their bank card information put on file to avoid entering it again later. Once a preferred pricing plan is selected, subscribers can choose to automate their subscription payments for a set or indefinite period of time. As a subscriber base grows, sales and fulfillment teams can monitor these accounts using the subscription management platform. This ensures companies accurately charge customers and customers receive the correct services.

Features

• Customizable reports and analytics in a centralized environment
• Built to manage revenue recognition and deferrals for subscriptions
• Comprehensive recurring billing and pricing management
• Customizable billing options for unique customers and scenarios
• Enable compliance
• Allows customers to change pricing plan or pause and resume subscriptions easily
• Seamlessly handles discounts, promotions and coupons
• Easy to make bulk updates to pricing