“Save Cash And Cash Will Save You”
Money is what we all care about and when that money is not managed properly, you always worry. For any business venture, it is vital that the cash flow should be supervised in such a way that it is errorless.
And for the simplification and effective handling of the work, the business owner should have a subscription management and invoice handling software. And we have some of these software in this article too. They are built in such a way that you don’t have to worry about the financial management of your business.
Let’s Take a Look at Some Automated Invoicing Solutions
|Services||Pricing||Dunning Emails||Automated Invoices||Unlimited Revenue|
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You just have to streamline your billing process and keep yourself updated with the help of the various traits. All of the software support it. It will give a secure way of handling your subscription data.
So just read put this blog & finalize the best automated invoicing solutions according to your needs.
1. Pabbly Subscriptions
Pabbly Subscriptions is a one-size-fits-all software for your subscription billing needs. It doesn’t matter if you have a small scale business or a large one. All it does is aligns with all your the billing needs.
It replaces your manual management for payments, subscriptions, invoices with its automatic management. By the end of the day, it provides you with an analytical report to evaluate the growth.
Starter Plan: The software provides you the base with unlimited features at just $5/m.
Rookie Plan: The Rookie plan is for growing business who want to have the customers limit of 1,000. All they have to pay is just $29/m.
Pro Plan: For the Pro plan, you have to pay $59 per month for unlimited customers & their subscriptions.
Advance Plan: This plan costs only $99 per month for everything unlimited. Also, you will get the feature of affiliate system (upcoming) & custom checkout page domain as well.
- This tool supports multiple currencies, multiple payment gateways and also multiple payment options to make payments easier for your customers. With PCI Compliance you can keep your customer’s payment credentials even safer.
- It automates all your recurring and one-time payments. Also, it generates invoices for the same which can be managed efficiently in one dashboard.
- Also, it lets you manage all your subscriptions, invoices in a single dashboard with a few clicks.
- Pabbly Subscriptions also lets you add an unlimited number of customers, products, coupons and promo codes within seconds.
SaaSOptics allows you to get rid of the manual management of the subscription through the support of its subscription management software. You can streamline order to the renewal process and thus manage the whole subscription journey.
Early stage:– The particular plan is for people who have a revenue generation of 1 million for 3 months which will be $150 which keep on increase further proportionally as per the revenue generation.
Emerging:– The emerging plan is for businesses between $1million to $50 million in revenue trailing for 12 months for $4000 and increasing further accordingly.
Enterprise:– In the enterprise, the plan subjects to businesses over $50 million in revenue trailing for 12 months for the pricing of which you need to contact the service provider.
- The application user can automate the revenue recognition which provides reports and records on the reportable revenue.
- It gives the flexibility to easily integrate your current system and subscriptions between software.
- You can have a keen eye on the subscribers are up for renewal and can take action accordingly.
Paywhirl is an awesome software which enables you to do the automatic payment scheduling which will handle recurring payments from your customers as well, allow customers to manage their own payment methods file, address information, custom questions, and similar other functions.
Business Pro: In the Business Pro plan you would have to pay $49 per month and 2.0 % of the transaction.
So, for eg, if there is a transaction of $100, then you would have to pay $49 + $2 (which is 2% of the transaction ) which will sum up to $51 as the total.
Business Plus: In Business Plan, you would be required to pay $149 per month and 1 % of the transaction.
So, similarly, on $100 transaction the sum would be $149 + $1 = $150
Business Ultimate:- In the case of Business Ultimate, the charges would be $249 and 0.5 % of the transaction.
Example, on $100 transaction the sum would be $249 + $0.50 = $249.50
- Handle recurring bills and payments, charge customers on regular intervals and the duration can be chosen in days, weeks, months or years.
- Send customized emails to your customers, take full control of the emails that you send and design them as per your will and requirement.
- You can use simpler developer tools and APIs to have a smooth functioning of the software, the software provides specific stats for Monthly Recurring Revenue (MRR), Annualized Run Rate (ARR) and plans performance.
Fastspring is a customizable subscription management system which provides multiple payment methods, multi-currency support, and multi-language support as well. The software provides a flexible e-commerce platform through which purchases and subscriptions across the web and mobile can be managed effectively.
“Pay As You Grow” Plan:- The plan offers low competitive rates in which you have to pay 5.9% per transaction + 95 cents for the account fees.
For example:- So if there is a transaction of $100 then the calculations would be like 5.9% of the transaction which would be $5.9 + 95 cents that go as $6.85 that you would have to pay.
Business Plan:- In the respective plan you will get optimized business, in which you will have monthly subscription plus transaction fees, the plan will give you additional premium services starting as minimum as $199 per month.
Enterprise Plan:- In the enterprise plan, you will get multiple pricing structures with tiered volume discounts, the plan will include additional enterprise service for the business patch over 2 million annual sales.
Note:- Business and Enterprise plan are customized plans for which you need to get in touch with the providers.
- The customers can pay on a recurring basis for the products and services that are offered by the user, Fastspring act as an all in one solution for the recurring billing.
- There are no signup fees and the setup is absolutely free, plus, the collection of the payments is done via intelligent in-built routing to increase payment success rates.
- Fastspring provides an out of the box service like a ready store which shows stores and product dashboards, cart checkout UI options and discounts as well.
5. Aria Systems
Aria is a perfect subscription management which will handle the recurring billing and all other sorts of subscription management, the software gives subscription and usage-based solution to the user by calculating monthly recurring revenue, lifetime value and other such factors.
For the pricing details, you need to get in touch with the service providers.
- Security is an imperative factor of the software. The platform used is PCI compliant so it gives a trusted and certified data privacy to the user.
- The system provides automated and enterprise grade billing which reduces human error and streamlines processes, the automated billing system will allow your staff to focus more on strategies.
- You can get real time analytics by diving deep into the insights of the products or services and help customers easily recognize opportunities for new offerings.
Paid is an awesome billing software which allows you to handle automation billing for small and large scale business. Its system provides invoicing services which help the user to get paid on time and keep a track of all the subscription as well.
Free:- In the free plan you can you can avail the plan free up to 10 invoices that have been generated in your business.
Pay As You Go:- In this plan, you would be charged $1 for 1 invoice, so if there are 50 invoices that have been generated then you would have to pay $50
Custom:- In the custom plan, you will get customized services that will be as per need and will, and for the pricing details of the specific plan you need to get in touch with Paidlabs.
- You can send invoices to your customers, handle your billing automation, the system also handles the auto payment collections and metered subscriptions as well.
- Metered and usage billing is another feather in the cap from the software to the users which will give precise and accurate billing.
- An unparalleled reporting and accounting from the software providing customer level data and custom reports.
Avangate provides a long term subscription management system which delivers optimal mechanism and an on-demand self-service interface empowers customers to service themselves.
Growth Edition:- In the growth edition, the plan is like 3.99% per transaction + $0.99 merchant account fees for the revenue limit up to $15000 per month.
For example:- If there is a $150000 transaction, so the 3.99% of $150000 would be $598.5 per transaction + $0.99 merchant account fees at your business.
Standard Edition:- In case of the standard edition there is no revenue limit unlike the growth plan and you would have to pay 4.9% per transaction + $2.5 merchant fees.
For eg:- If there is a $150000 transaction, so the 4.99% of $150000 would be $748.5 per transaction + $2.99 merchant account fees at your business.
- The system has a powerful CSR page which gives a single page, 360-degree view of the subscriptions updates and renewals.
- Get advanced CRM features, like campaign and lead management, customized email templates & tracking which will help to reduce churn and increase retention.
- Provide support in multiple languages which include English, French, German, Italian, Spanish, Japanese, Dutch, Romanian, Chinese.
Chargify gives you a faster subscription management, the software provides an easy and customizable API to seamlessly integrate into your existing signup process, you can communicate to customers through emails which ensure that the customers receive the right information needed.
Essential Plan:- The user has to pay $149/month + 1.2% of revenue that has been generated by his business.
Eg :- If the revenue generated is $100 then 1.2% would be $1.2
So, $149 + $1.2 = $150.2
Advanced Plan:- In this case, the user will be required to pay $299/month + 1.2% of revenue generated.
Eg. Similarly, for this plan, the calculations would be:-
$299 + $1.2 = $300.2
Enterprise:- Need to contact sales to build a custom plan for your business.
- The customers will get a self-service experience through which they can upgrade or downgrade the service subscription that has been provided by you.
- The system also allows you to access billing history, and manage account related information throughout the customer life cycle.
- Within the software highly customizable templates allow you to consistently maintain your company’s branding.
Recurly gives you an awesome subscription management platform where you can manage revenue generation, the software will help you reduce the churn rate by 7% and gain from the repaired transactions that have been previously lost.
Core:- The pricing for this plan would be $99 per month of the plan + 1.25% of the revenue generated + 10 cents per transaction.
Professional:- The pricing for this plan would be $299 per month of the plan + 1.25% of the revenue generated + 10 cents per transaction.
Enterprise:- Custom price plan need to contact the service provider.
Example:- For the Core plan, if there is revenue generation of $2000 and there is a total of 10 transactions that took place so for that the calculations will be :-
1.25% of $2000 = $25
10 cent per transaction, then 10 transactions will be 10*10=100 cents i.e 1$
$125 is you have to pay for the core plan and similar will be the case for Professional as well.
- Recurly provides you PCI level security that matches a high level of industry standard payment securities.
- You can create as many plans as you want, and also provide a variety of different billing cycles and pricing tiers to give adequate choice for your customers.
- The customers will be kept updated and intimated through the information they need to understand charges.
OneBill software is a distinguished billing management software which allows you to speed up the invoicing cycle. It does this all work by eliminating billing errors, accelerating collections and handling delinquencies automatically including deactivation.
Light:- In the light plan of the software, you can choose either to pay $350 per month or else you can pay the 1.25% of the revenue generated in your business.
Flex:- Likewise, in case of the flex plan, the user can pay $499 per month or else can pay 1.75 of the revenue generation.
Enterprise:- On the same track in the enterprise plan you can either pay $599 or else you can pay 2.0% of the revenue generated.
- The system gives a full PCI compliance security in order to make your data secure and intact.
- You can integrate the system with your accounting system, CRM or other internal systems, as well as with external services.
- Also, you will be able to migrate data from your existing systems into OneBill.
BlueSnap is a recognized subscription management software which handles all your financial activities that occur in your business. With the help of the software you can customize any subscription plans giving you the flexibility to set your recurring revenue model.
The BlueSnap provides a plan for which the user will have to contact in. In it, you will get volume discounts with all the features and tools included. There will be no annual renewal fees and setup charges & cancellation fees as well.
- Internal systems of your trade can be integrated with the subscription management APIs. The library of the subscription management’s makes it easy for you to switch plans and issue cancellations.
- The inbuilt subscriptions have dunning management that retires subscription purchases to maximize customer conversion globally.
- Automatic updates are provided to you regarding your subscription payment information that keeps your sales intact.
So, we have reached the end of the 10 Best Automated Invoicing solutions hoping that you must have found the right subscription catch for your business.
These services will make subscription management task a lot easier than you have ever thought. The features that have been incorporated in the respective software are very easy to understand.
So just don’t worry & choose the best automated invoicing software according to your needs!
You can go through the following blogs as well :-