Whether you have just started your business or are ready to scale it, a subscription management platform is a must-have. Subscription management platform is a software which resides in between your products or services and payment gateway. It is in charge of managing various customers’ lifecycle operations. A good subscription management platform is a modular suite for your B2B Saas or any other digital business which lets you manage various subscription models and related activities.
Here come some of the top-notch features of subscription management platform accounted for its popularity-
- Handling Subscription Plans: Offering your customers the option of multiple subscription plans is not enough. In order to enhance customers’ experiences, managing such plans is of utmost importance. A good subscription management platform enables customers in upgrading or downgrading their subscription plans and getting access to lucrative offers such as discounts and free trials at any point of the customer lifecycle. This in turn helps in increasing your customer retention rate and recurring revenue.
- Cost-effective: Getting a good SaaS subscription management solution helps you reduce the cost of building and managing your own system. Not only it is a go-to solution for most start-ups, but also for scaling any business further.
- Reporting: A subscription management platform offers you a default reporting functionality. Here you can easily track all the real-time reports related to newly registered customers, revenue generated in a specific time period, and other crucial information
- Security: When it comes to online payments, security is what every customer seeks. A good subscription management platform is PCI compliant and keeps your worries regarding safety & security at bay.
- Administration: Once you choose a suitable subscription management platform, it lowers your administration overhead considerably. Not only does it take care of implementing and managing different types of subscription schemes, add-ons, and related offers, but it streamlines a significant part of the sales process. This in turn helps you run the overall sales and subscription related activities smoothly.
About Muvi Billing:
Muvi Subscription Billing Management Platform comes with 17+ payment gateways and automated billing solutions. It also offers smart record keeping, flexible billing, carrier grade security, and analytics & insights based on predictive intelligence.
To know more about its exclusive feature, take this 14-day free trial.
