How to resolve these 10 Common Recurring Billing Challenges?

1. How to resolve these 10 Common RecurringBilling Challenges? Is managing SaaS customers becoming a pain foryou? Is your billing system able to integrate management, communication,and payments from a singledashboard? Managing subscriptions is one of the most time consuming and terrifying tasks for businesses. A subscription-based business requires you to manage a big client database, billings and most importantly keep in mind the exact dates that you haveto renew the planson. Web 2.0 startups and businesses dealing with recurrent subscriptions face a numberof challenges such as billing users, maintaining subscriptions records, messaging customers, supporting users from different territories, amongothers. Recurring billing businesses should look for an online subscription softwarethat is able to cure their major challenges listedbelow:

2. 1. ManagingCustomers With a subscription billing business, you have a large number of customer base tocater to. Managing each of your “UNIQUE” customers on paper is not feasible. It will never come up to remind you of your dues and dates. Paper are prone to theft, loss andmany other unfortunatecircumstances. A company needs an effective recurring billing software that is able to automate tokeep its head out of piles of unwanted papers. An effective software allows you to trackand record customers from the day they signin. Arecurring billing systemthat offers an effective way of categorizingsign-ups, activations, trials, upgrades, and downgrades will go a long way in improvingthe efficiency of acompany. 2. Managing BillingFrequency Your business is never aimed to stay stagnant, growth is its ultimate aim. Make sure you choose the best recurring billing software that is able to managepayments,clients and user base at anyfrequency. Software should be able to handle payments on monthly,quarterly,semi-annually, annually or as required by thecompany. 3. Automatedinvoicing While having potentially thousands of customers, their management can be a headache. The situation tends to get messed up when you have no streamlinedprocess of the management. The piles lying all over do not benefit rather add to your hassle of bookkeeping. To solve this, an auto-billing software can act as your aid to efficient billing. It will help you send automatic recurring bills on the set date, remind your customers forpayments

3. (If any, dues) and even manage clients records and reports. Easily generatereports with INVOICERA, the best recurring billing softwareand never miss to bill your clients. 4. Security ofPayments Security of payments is a mutual concern for both, you and your customers. An available software that is encrypted with a high level of security is a must when youare dealing with clients and paymentsonline. With the increase in transactions online, the probability of cybercrime has alsorisen. The top subscription billing software like Invoicera offers 2-factor authentication tomake sure your transactions are end-to-endsecure. 5. Management of PricePlans SaaS companies are likely to have different plans based on each distinguishingfeature. It is always beneficial for a business to have a distinguished price plan. It makes services affordable for customers and profitable, at the same time, foryou. Multiple tiers of pricing plan, therefore, may be inevitable and to manage thecomplexity, you need easy-to-use top recurring billing software that can help you make pricing changes withease. 6. Failed transactionsmanagement With recurring transactions, failed transactions rise too. A system should inform its clients about the failed transactions automatically to save time. With hundreds and thousands of clients subscribing to your services it will become difficult for a businessto manually track eachtransaction.

4. Recognizing failed transactions and proving a way to automatically inform users of them helps to save time and makes a business more efficient. On the backend, you shouldbe able to track the number of invalid payments. Get a billing system that will do thehard work for you and let you concentrate on your core business of providingawesome products orservices. 7. Discounts andpromotions Each business, whether, online or offline, service or product, sales orsubscriptionoffers discounts or promotions as a part of their activity to grow theirbusiness. A subscription billing software that lets you create, manage and track discountsand promotions for your services can help you get new signups and upgrades, andthus improve your revenues. Having an all-in-one system that can help you track thenumber of discounts redeemed and new signups is important in helping you track the performance of your company and make sense of the usernumbers. 8. The right customermessaging The sizable amount of users attached to your business can make handlingcustomer communication and messagingdifficult. Your recurring billing system should have the in-built capability to identify invalidor errors in user transactions and send a message to theusers. 9. Multi-currency and multi-languagesupport If you’re the one working online, boundaries don’t hold much importance for you.You’re eligible to get customers from any part of the world. And in this scenario, it is important for you to have access to every language and currency. Choose a software thatsupport

5. multi currencies and languages to easily let you create invoices,communicateand receive payments without anybarriers. 10. Payment gateways support and shopping cartsintegration The best subscription billing software should be able to integrate you with multiple payment gateways, in order to receive payments without any hassle from any part ofthe world. Invoicera supports more than 30 online payment gateways to let you receivepayments from all around the world, in any currency with just a simpleclick. CONCLUSION: A subscription billing system has several advantages over the conventional payment system. There are several benefits which can be enjoyed implementing asubscription billinginto its website. The system helps companies in flourishing their businessof subscriptions and recurringpayments. INVOICERA: RECURRING BILLING|SUBSCRIPTION BILLINGSOFTWARE

6. A powerful recurring billing software likeInvoicerahelps you in overcoming all ofyour subscription billing challenges. It helps you in improving your business productivity as well as client retention in a bigway.