SaaS Subscription Billing & Revenue Operations

The Coronavirus pandemic twisted the whole world. A rapid change has been seen
across the political, economic, social systems. From the self-employed freelancers
to executives in the corporate sector to a daily wager, investors all over are
undergoing a strange financial ambiguity. 2020 has brought a groundbreaking twist
while compelling the companies to switch the models to support the revenue
growth against the depletion.





The small- and mid-sized companies are seen moving their one-time payment
models or project-based to subscription-based business models to make sure
increase in recurring revenue all year round while retaining the customers by
providing them the persistent access to the service or product.
Unlike one-time payment or project-based methods, subscription billing requires
more work force, effort, and time; but it does not require any of the resources at all.
You only require an all-inclusive SaaS Subscriber Billing Solution.

Why SaaS Subscription Billing Software?

A SaaS Subscription Billing Software like ChargeMonk combines the few
components in a cycle that together assist the goal of automation of recurring
billing, payment processing, and subscription management.
When a customer subscribes a service or product for a certain length of the period,
he or she would be charged after a definite interval, it is called recurring billing. To
automate the recurring billing, four more components are required to link together.
These four components include customer portal, merchant’s account, payment
gateway, and subscription billing system.


ChargeMonk SaaS Subscription Billing & Revenue Operations

ChargeMonk is a SaaS subscription management platform that allows users to
facilitate its customers with the automation of billing and accounting operations,
ease of managing the subscriptions and subscribers’ database, and flexibility to
migrate a load of data from other third-party applications or integrate software
such as Quickbooks Online, Salesforce, ZenDesk, MailChimp, Avalara, and others.
No matter if you are a service provider, e-commerce store, retailer, non-profit
organization, startup, or an enterprise, 2020 exposes you to adapt the operational
changes with the subscription-based business model to grow business and revenue.
And, ChargeMonk as SaaS subscriber billing solution offers you a complete suite
of apps with ease, speed, and customization to power your subscription system
management. Here are some reasons that you need ChargeMonk as your SaaS
billing platform.

Advanced Features of ChargeMonk

It is an ultra-modern and highly flexible could-based platform with an advanced
subscription billing system offering all the necessary automation of billing,
payment processing, invoice consolidation, dunning, and proration handling along
with additional tax management and pricing engine to plan and designing
subscription modules and pricing efficiently.
It offers secured integration of leading payment gateways such as PalPal, Stripe,
and others to process payments faster to the merchant’s accounts. Along with
payment integrations, it offers integrations with other third-party applications and
data migrations to synchronize your accounting across the board.

Pricing Management with ChargeMonk

Metered billing, one-time billing, or recurring billing, whatever pricing module
you want to implement—with ChargeMonk pricing engine, smartly manage the
tier or volume pricing with the AI-enabled tools offering accurate and data-driven
recommendations and suggestions.



It also manages a huge data of subscribers and is efficiently integrated with the
Customer’s portal to auto-update the database as your subscriber makes any
change in information or upgrade or downgrade a subscription.
Garnering the new customers is the need of every business but at this age,
customer retention is the key. ChargeMonk gives business opportunities to retain
customers with the best pricing strategy and satisfactory customer relationship
management.
With the Customer’s dedicated dashboard, you can ensure the transparency in their
subscriptions and billing. Further, reduce the churn rate with the integration of
applications like ZenDesk and MailChimp for better dealing with the
correspondence along with customer care.

Evaluating Revenue Operations with Revenue Growth

With the powerful and user-friendly billing API connecting with the Subscription
Billing System, get a detailed insight of Revenue Operations. Evaluate the monthly
or annual recurring revenue, churn rate, subscribers’ growth over a specific period,
and AI-enabled projections of future growth as simple in numbers as well as easy
graphs and bars. Integrate the data with sales, marketing, and finance tool stack to
devise data-driven strategies.


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