To understand subscription management you need to develop an understanding of customer lifecycle operations like issuing refunds, assigning credits, managing trials, and making mid-cycle subscription changes. A subscription management system works alongside a payment processor to support recurring billing and give teams the leverage to take actions that were not being automated.
In other words, you get to address many of the customer-related scenarios that come into the picture when payments recur. Now the question arises: why do businesses need subscription management systems? The fact is, when customers make a transaction from week after week, month after month, it is no longer a simple transaction but a long, involved conversation.
While we are at it, let’s bear in mind that an overly complicated billing system is the reason why so many SaaS companies struggle to accurately decipher core metrics. If you wish to improve an understanding of your business, you should opt for a billing system that leverages the strengths of existing systems.
Stax Bill is a cloud-based subscription as well as billing management platform that automates invoicing, recurring billing, and credit card collections for businesses.
Pricing
Stax Bill offers a no-fuss, honest pricing plan. You can get started from as low as $99/month with ‘Startup’. As the business evolves and expands, you can switch to ‘Rapid Growth’ that offers a flat price of $995/ month. Lastly, the ‘Enterprise’ plan offers custom pricing and is most suitable for companies generating more than 10M annual revenue. No matter the size of your business, you will have access to full feature set across all plans.
List of Features
- Billing and Invoicing
Managing all aspects of subscriptions becomes easy when all your billing i.e. metered, usage, one-time, recurring is available on one platform. Stax Bill recurring billing engine has the potential to handle the simplest of billing models to most intricate ones. Complex calculations whether they are related to pro-rate, taxes, upgrade or downgrade, Stax Bill performs everything in a simplified manner. Clean, detailed and accurate invoices ensure that customers get a great experience. With Stax Bill you can customize your invoices as per the needs of the organization. If you wish to get a view of up to a year you can do so with projected invoicing.
- Subscription Management
With Stax Bill subscription software automation tools you can improve your customer’s experience by automating your billing, invoicing and payments. You can also utilize hosted self – service portals so that your customers can view invoices, update payment methods, or buy more services. If you are looking to offer a seasonal discount for customers, Stax Bill can create coupons and promos in a short span of time, whether it’s for one time usage, multiple, or for any given period of time. Similarly, new bundle or products can be created in seconds, so your customers start purchasing immediately.
Payment Gateway
With Stax Bill payments getting paid is fast and easy. You can have the system up and running in minutes. Payment details are clearly synced with subscriptions so it becomes easy to keep a track of your business from your Stax Bill dashboard. You can also give customers the option to pay directly from their invoices. There is no need to fill up long forms. All you have to do is sign up for a merchant account directly on Stax Bill and start processing credit cards.
No more late or failed payments with Stax Bill Payments Account Updater. What this means is less interruption to your flow of revenue, less hassle having to chase after customer information and less running after customers to update their credit card information. Among many other powerful payment features include speedy, simple set-up, safe and secure payment experience, automatically recorded payments, smart payment gateway routing and a whole lot more.
Analytics & Insights
It is important that you keep a close check on key subscription metrics to gauge the overall financial health of the business. Stax Bill gives a detailed overview of customer churn, MRR, subscriber lifecycle, how the business performed last week, over a month or during a span of a year. You can gain immediate insights in the form of customer segment insights, track churn acquisition that will help you fine tune your offering and expand your business. It is no less than a challenge when you have to monitor the lifecycle of activities in a recurring revenue business but with Stax Bill Financial Calendar, easily track down to see all the happenings that transpired on a given day.
Integrations
Stax Bill seamlessly connects with your favorite CRM, revenue recognition, accounting, business management tools and payment gateways to provide your business teams enhanced efficiency and operational flexibility.
- Salesforce CRM
- QuickBooks Online
- NetSuite
- Avalara
- Agemni
- Rest Based Open API
- Klipfolio
Available Devices
- Windows
- Android
- iPhone/iPad
- Mac
- Web-based
Company Size
- Small Business
- Large Enterprises
- Medium Business
Available Support
- Phone
- Live Support
- Training
Tickets