Choose the Right Subscription Management Software for You
Coffee, beauty products, TV series, cloud services (SaaS) like Slack and Office365, LinkedIn Premium, Spotify… The list of subscription-based services is endless, catering to both businesses and individuals. With modern technology, a new world has opened up for both customers and e-commerce merchants. In the past, we signed up for paper newspaper deliveries – today, we can subscribe to almost anything.
Often, we don’t even think of it as subscriptions; we simply enter our email addresses, make a payment, and it continues. Week after week, month after month. Year after year, as long as the service or product is good and appreciated. Recurring billing, which means automatic payments, is perfect for those who periodically charge for delivering a product or service. Your customers don’t have to worry about forgotten payments, and you as a provider can count on stable revenue.
Investing in a subscription management system is excellent from a business perspective. However, there are many business models, and it’s important to find the best system for your specific operations and setup. We at BusinessWith recommend taking your time to map out your needs and establish a requirements specification before you start comparing the various subscription management systems available on the market. What do you need from the system you choose? Should it handle SaaS subscriptions or memberships? Are you targeting individuals, small businesses, or large corporations?
Let us at BusinessWith assist you when comparing subscription management systems. With our system guide, you can find the subscription management software that best suits your needs.
Quick Guide
Quick Guide
What You Can Get from Subscription Management Software
You can demand a lot from a subscription management system, but not everything. BusinessWith lists some of the areas where you can receive support from a subscription system.
- Customer Insights. With a subscription service system, you gain insight into customer behavior and contact details for follow-ups.
- Support with Payments and Cancellations. Gone are the days of manually handling missed payments and contacting customers who cancel their subscriptions. Your subscription management system takes care of all that for you.
- Automated Invoice Management. Forget about invoicing – the system handles it smoothly and also catches when payments don’t go through as they should. Often, the subscription system sends out information to customers that payments have been halted, reducing the need for frequent manual customer contact.
- Contact During Trials. Many potential subscribers jump on attractive offers with lower prices. Here too, the system manages contact to capture these new customers and offers them something that may fit their subscription needs.
- Customer Login. Customers can often log in to their own customer pages to manage their subscriptions and various settings.
- Statistics. As a business owner, you probably love statistics. If not, there’s a good chance you’ll learn to appreciate numbers and graphs with a subscription management system that presents them in a user-friendly way. After all, who wouldn’t want to dive into numbers that improve business processes and learn more about their operations?
This list includes some features offered by a subscription management system. Keep in mind that not all systems include all these components. BusinessWith helps you choose the right subscription system. Welcome to compare!
Description of product features
Analysis tools
API
Automatic mailings
Churn management
Different currencies
Different payment options
Invoicing and payment
Price adjustment
Self-service
