Everything related to Upodi and the Subscription Economy
As your SaaS business grows and you start scaling, two things happen: the pressure on your tech stack rises, and the workload on your employees increases. Subscription billing complexity reaches new heights, pushing you to explore new setups or solutions.
If you run a SaaS company, you must have felt the pain of customer churn. There can be many reasons why customers are leaving, but more often than not, one of the main factors is how you manage subscriptions. Do your subscribers have payment options? Can they pause their subscriptions? Do they have a good user experience?
If you run a software company yourself, you already know that the SaaS business model, for all its benefits, comes with its own challenges. With a few recurring revenue streams and varied pricing, billing management can quickly become a burden. Manage increasing billing complexity with success by following a few billing best practices.
There are many ways to earn money as a SaaS business. And whether you are just starting out or already have an established subscription business, you can always explore alternative SaaS recurring revenue models to increase profit.
Your subscription-based business is booming and you are ready to scale. Yet you have concerns about how this could affect your recurring billing management.
The day is here. Whatever solution you have for managing your recurring billing - you realize it just doesn't cut it anymore. You are tired of how long it takes to handle invoicing, ARR calculations manually, dunning, or subscriptions and are ready to automate these tasks.
Revenue collection is a vital process for any recurring billing company, regardless of your subscription business model, and this is why it is crucial to ensure its proper management.
As more and more companies shift their business towards recurring billing, you may be sitting thinking: what is it exactly, and is it worth the fuss?
Your subscription-based business is booming. Subscribers are going from hundreds to thousands and you are looking for tools to sustain that momentum, such as a software company to support your subscription and recurring billing management. Or well, perhaps you already got one but it just cannot seem to get your MRR or ARR calculations right?
Most businesses have experience of the frustration of chasing late and unpaid invoices. Missed payments cost you precious time and resources in chasing up, and the disruption to your cash flow can also affect your business in other ways.
[PSP = Payment service Provider red.]
A question I often receive is if Upodi is a PSP (Payment Service Provider).
The short answer is: no it is not.
A story from real life.
We have success – we internationalize!
But can we do that?
Proration, is the term that covers: When someone signs up for your service, up-/downgrades on a “crooked” day of the cycle.
Imagine the following:
You have a good subscription business. Everyone is happy.
Using a subscription model is a fantastic way to help you compound the value of your customer relationships. Rather than working hard to get customers multiple times if you want them to make repeat purchases, a subscription model allows you to acquire the customer once.
One of the key elements of a healthy subscription business is (not surprisingly) paying customers.
No matter how good a service you provide - whether it is SaaS, physical goods, access to a membership club or something fourth – it happens that payments fail. What do you do?
SaaS Accounting & Revenue Recognition [Guide].
While SaaS plays as increasingly prominent role in the lives of many, it is still a relatively new means of providing or using a service as a standalone niche.
Choosing the Right Billing System for Your SaaS Business
When you’re running a SaaS business, choosing the right billing system software is crucial to your success.
Whether you’re a new business, are about to launch a subscription product, or are an existing business looking for a new billing system software solution, it’s important that you take the time to choose the right platform for your business.
Mastering revenue recognition for Software & SaaS Businesses.Revenue recognition can be a complicated term for people who have never come across it before and need to apply it to their businesses.
When you’re running any business with a subscription model, making it easy for customers to make repeat payments is crucial to your success. This is particularly true when it comes to running your SaaS business, where customers want to be assured of continuous and uninterrupted service.
