Everything related to Upodi and the Subscription Economy
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?
YOU ARE SLOWLY COMING to your senses: “What’s going on?”
Your head is buzzing… and you struggle to see things clearly.
Gradually your surroundings emerge before you:
❓ Do you know this?
💡 You have a brilliant idea. [your brilliant idea] on subscription!
You just need a website, a payment solution and a subscription engine, and you're ready to:
[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.
At first glance, the subscription business seems simple. Customer chooses a plan, gives you their payment details and you charge them once a month. But how would this work under the hood?
A story from real life.
We have success – we internationalize!
But can we do that?
… That sounds boring.
Nevertheless, this is the reality in many companies - it takes an incredibly long time, it is manual (read: high risk of error) AND lack of proration means that you potentially lose revenue (read more about proration here).
Wouldn’t it be nice if you could have a glimpse into the future?
For example, wouldn’t it be nice if you could foresee missing payments before they were missing?
When we talk subscribers, many people think of mobile and the internet - and maybe Netflix, Spotify and fitness?
Classic subscription schemes where we pay and fast bend once a month, and then a form for goods or services is delivered.
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.
5 Types of Recurring Revenue Models.
Adopting a recurring revenue model for any business is a great way to grow revenue. For a business offering a SaaS solution, adopting a recurring revenue, or subscription based, model, can have many benefits both for themselves as well as for them customers.
6 Tips for Choosing a Subscription Billing Platform
Is your business considering signing up to a subscription billing platform for the first time, or considering changing how you manage your subscriptions?
How easy is it for your customers to press hold on their subscription?
Recently, Tien Tzou whi is CEO and founder of American/Chinese Zuora has an exciting update.
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.
