What is a Subscription Management Software?
A subscription management software is a type of billing software. Subscription management software is one of the essential parts of a subscription-based business. It helps to build strong relationships between your company and your customers, which leads to higher conversions.
Subscription management software has a significant role in regular orders as well. A subscription management software keeps your business organized, helps you save time and money, and keeps your customers happy.
Managing and tracking subscriptions can be a significant challenge for companies. Without proper subscription management, you have a lot of difficulties keeping track of all information that comes from your clients. These tools help you to track subscriptions and prevent potential chaos.
How to Choose the Best Subscription Management Software?
Before getting into subscription management software, here are some key things you should keep in mind while choosing:
Automation and Payment Handling:
- Evaluate the software's ability to automate recurring billing and manage multiple payment methods.
- Look for features like card management, dunning, and a smooth checkout experience.
User Interface:
- Prioritize software with an intuitive user interface.
- Simplicity and ease of use are essential, especially for customer-facing interactions.
Scalability:
- Ensure the software can grow with your business and adapt to changing needs over time.
Integrations:
- Check for seamless integrations with your current systems to reduce compatibility issues.
- Integration with existing tools enhances operational efficiency.
Customer Support:
- Consider the quality of customer support provided by the software vendor.
- Accessible and responsive support can swiftly resolve any issues that arise.
Investing time in researching these factors will ensure you find subscription management software that meets your immediate needs while supporting your business's future growth.
The best software aligns with your requirements and enhances the overall customer experience.
Top 20 Subscription Management Software
There are so many tools with different features that you can use to manage your subscription services. Here we listed 20 subscription management software you can use for your business! Check out their pros and cons, decide which one fits your company best.
1. Maxio
Maxio, formerly Chargify and SaaSOptics, is a subscription management software with different features such as usage tracking, revenue accrual, personalized billing, and custom pricing. In addition, Maxio has revenue recognition with customer churn as well.
Pros:
- It makes subscription billing for B2B SaaS easier by meeting requirements.
- Shows revenue, product and customer trends along with managing subscriptions.
Cons:
- Editing an invoice is a bit hard to do.
- Can be expensive if you want to try it out first.
Pricing: Starts from $5,000 annually. It has customizable payment options based on various needs.
G2 Rating: 4.3/5
2. Chargebee
Using Chargebee for your subscription business allows you to manage billings and subscriptions and analyze your revenue. Also, Chargebee has an automated recurring billing option. It is free subscription management software as well.
Pros:
- Helps to see new revenue potential and pricing models.
- Allows you to see subscriptions and customer data overall.
Cons:
- Onboarding process is complex and adapting to the system can be difficult.
- Does not integrate with some platforms.
Pricing: Has a free plan. Performance plan starts from $599 per month.
G2 Rating: 4.4/5
3. Sage Intacct
Sage Intacct has cash management, accounting, purchasing, subscription billing, contract management features which you can use to keep track of your business.
Pros:
- Has a custom reporting option with financial statements.
- Integrates with data import and export tools greatly.
Cons:
- Searching for transactions is a bit difficult.
- Not user-friendly in the beginning; training is needed.
Pricing: Has a free trial option. You can request pricing for different needs.
G2 Rating: 4.3/5
4. Stripe Billing
Stripe Billing is a subscription invoicing program enabling subscription and invoice charges to customers. It is ideal for e-commerce, SaaS, global businesses, and various markets.
The tool offers flexibility in using a pre-set checkout page, customer portal, and pricing table.
Pros:
- It features adjustable invoices, payments via mobile or online.
- Includes any time invoicing.
- Integration with other apps is effortless.
Cons:
- It doesn't support PayPal payments.
Pricing: It has a basic pay-as-you-go rate of 2.9% + $0.30 per successful card charge, with custom plans available.
G2 Rating: 4.5/5
5. Billsby
Billsby allows you to track subscription and billing. Also, you can report dimensions, revenue recognition and deferred revenue with this software.
Pros:
- Very easy to use and set up.
- Integrates with Zapier and so many different tools.
Cons:
- Lacks native integrations and webhook data.
- Limitation on customers’ active subscriptions.
Pricing: Has a free trial option. Core plan starts from $45 per month.
G2 Rating: 4.8/5
6. FastSpring
FastSpring helps you to optimize your sales and recurring revenue according to your customer subscriptions. Also, with FastSpring, automated notifications can be sent to subscribers to maintain their membership.
Pros:
- Offers global payment support for different languages and currencies.
- Easy to use with a simple interface.
Cons:
- Some features in the dashboard are outdated.
- Lacks integration with some platforms.
Pricing: You can get in touch with the team for pricing details.
G2 Rating: 4.5/5
7. Paddle
Paddle plays a big role in achieving recurring revenue growth. Using this software, you can track subscriptions and revenue by reporting details.
Pros:
- Integrates with Zapier, HubSpot, Intercom and other platforms.
- Has a free plan if you want to try it out first.
Cons:
- Errors while combining some data.
- It might be hard to understand how refunds are calculated for some people.
Pricing: Pay as you go plan is available. You should contact the team for various pricing options.
G2 Rating: 4.5/5
8. Sticky.io
Sticky.io assists you while managing your subscriptions. Using different pricing models, you can track billing and personalize features according to your business.
Pros:
- Allows you to build different models of subscriptions.
- Has a minimal and easy-to-use UI.
Cons:
- Its integrations are limited.
- Customizable reports are a bit difficult to use.
Pricing: Has a custom pricing model according to business needs.
G2 Rating: 4.5/5
9. PayPro Global
PayPro Global is software that helps you manage your online sales. Its deployment is cloud, web-based and for SaaS companies.
Pros:
- It has a flexible API that supports different prices, changing product names and currencies.
- Gives the opportunity to control the cart’s contents.
Cons:
- It does not provide comprehensive reports about affiliate partners.
- It has login issues that need to be fixed.
Pricing: It has varying pricing per agreement. You can get a quote on their website.
G2 Rating: 4.9/5
10. Freemius
Freemius is subscription management for WordPress websites. It has auto-renewal and recurring payment features.
Pros:
- Has a secure checkout feature.
- You can build a sustainable subscription system by using this software.
Cons:
- The UI needs to be improved since it is a bit hard to use.
- Pricing models vary according to the company’s sales.
Pricing: Has a pay-as-you-go pricing option.
G2 Rating: 4.7/5
11. Expedite Commerce
Expedite Commerce has many features, including subscription management, subscription billing, revenue management, e-commerce storefronts, and order management. In addition, you can use this software easily with its pricing flexibility.
Pros:
- Configured pricing and guided selling features make it easy to use.
- Response rate and demonstration options are useful.
Cons:
- Changing the payment details is a bit hard to do.
Pricing: You can request a demo for pricing details.
G2 Rating: 4.9/5
12. Zoho Billing
With Zoho Billing you can control billing and manage subscriptions of your company. It can be used for SaaS billing.
Pros:
- Integrates with PayPal and other services easily.
- Allows you to pull detailed reports about subscriptions.
Cons:
- Some subscriptions fail to process.
- Lacks some customization features for subscriptions.
Pricing: Free trial is available. It starts from $15 per month.
G2 Rating: 4.3/5
13. Zuora
Zuora is a leading platform for managing business subscriptions and fostering subscriber relationships. The software ensures efficient handling of recurring revenue, billing, and payments, as well as churn reduction.
Pros:
- It allows swift adaptation to market changes for easy revenue recognition.
- Supports over 40 payment gateways.
- Offers various products like Zuora Billing.
Cons:
- The UI should be improved.
- It needs a bit of a learning curve.
Pricing: Details can be obtained by consulting an expert about your specific business needs.
G2 Rating: 4.2/5
14. Tridens Monetization
Tridens Monetization shows real-time charging and helps you to track subscriptions with detail. It has a custom pricing feature as well.
Pros:
- Gives you the ability to personalize billings.
- There are a number of adjustments to revenue management.
Cons:
- The UI is a bit complex, and it would be better with more guides.
Pricing: You can schedule a demo and learn about pricing details.
G2 Rating: 4.9/5
15. Recurly
Using Recurly allows you to manage subscriptions by optimizing payment acceptance. There is also an automating recurring billing operations option and recovering lost revenue.
Pros:
- It has a revenue recognition feature, including usage tracking and revenue accrual.
- Allows you to see how many licenses your audience is using.
Cons:
- Financial transactions can be complex sometimes.
- Might be a bit expensive if you want to test it out first.
Pricing: A free trial is available. You can get in touch with the team for pricing details.
G2 Rating: 3.9/5
16. Woo Subscriptions
Being a product of Woo, Woo Subscriptions works as an extension. It allows you to manage subscriptions with recurring payments on your WooCommerce platform.
Pros:
- Easy to use with Woo subscriptions.
- You can schedule multiple billings.
Cons:
- A bit expensive to use.
- Might slow down the load speed.
Pricing: Starts from $19.92 per month.
G2 Rating: 4.3/5
17. OneBill
OneBill is a revenue and subscription management software with many easy-to-use features. You can track billing and integrate this software with other service providers easily.
Pros:
- Very easy to navigate with a simple UI.
- Supports different billing models such as subscription billing, recurring billing, usage-based billing, etc.
Cons:
- Canceling or changing billing has to be made individually.
Pricing: It includes three different pricing plans. For their details, you can get in touch with the sales team.
G2 Rating: 4.6/5
18. Subscription Flow
Subscription Flow has an effective billing system that allows you to keep track of subscribers’ billing. It is a customizable SaaS business system you can use to manage subscriptions.
Pros:
- Very flexible and can be customized according to each client’s needs.
- Payment processing is quick and easy to use.
Cons:
- Lacks integration with some platforms.
Pricing: Startup plan starts from $99 per month.
G2 Rating: 4.6/5
19. Cratejoy
Cratejoy is a platform that helps you to manage customers and subscriptions easily. With built-in subscription payment options, it is easier to track payments and billings.
Pros:
- Checkout process is fast and user-friendly.
- Subscriptions process on a regular schedule.
Cons:
- You have to pay a fee for each sale along with monthly payment.
Pricing: Free plan is available with limited features. It starts from $39 per month.
G2 Rating: 4/5
20. Omeda
Along with its subscription management feature, Omeda also helps you automate email and marketing. Using this software, you can track subscriptions and build better relationships with your customers.
Pros:
- Easy to learn with training sessions.
- Has reporting and additional insight options that you can benefit from.
Cons:
- The form builder tool can be hard to use from time to time.
Pricing: You can schedule a demo to learn about pricing details.
G2 Rating: 4.5/5
Wrap Up
That is all for subscription management software!
In conclusion, subscription management software is not just a tool; it's a strategic asset that empowers businesses to thrive in the ever-evolving landscape of subscription-based models. These tools streamline operations and drive growth by automating billing processes, enhancing customer experiences, and providing valuable insights.
We hope you liked reading about this issue and found the best subscription management software for your company.
Frequently Asked Questions
How do I Manage My Subscription Services?
You can manage your company’s subscription services by using subscription management software. Thanks to these tools, you can track billing details, different payment options and customers’ payment processes.
Using these SaaS subscription management software helps you manage payment details and optimize your options. If you want to change plans, you can benefit from this kind of software as well.
What is the Best Subscription Management Software?
PayPro Global, Paddle, Zoho Billing and Chargebee are among the best subscription management software that you can choose. Since their integration with other platforms is efficient, you can choose these for your business. Also, these are easy to use and have simple UI.
On the other hand, we have listed 20 subscription management software. So you can choose which one is best for your business’ needs and start using it.
Why Do You Need Subscription Management Software?
Subscription management software can help you handle recurring billing, manage client subscriptions, decrease manual errors, increase cash flow, and improve the customer experience.
Why is Subscription Management Important?
If you own a subscription-based company, using a tool to manage your subscriptions is very crucial. It does not matter if your company is small or big; managing your subscriptions can be difficult and time-consuming.
Subscription management software makes the payment process easier for customers as well. Making the checkout process easy and fast helps you increase your sales conversions.
Is Subscription Management Software Suitable for Businesses of All Sizes?
Yes, subscription management software is designed for businesses of all sizes, from startups to enterprises. The scalability and flexibility of these tools make them suitable for businesses at various stages of growth.
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