How to Overcome 10 Recurring Billing Challenges?

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10 Common Recurring Billing Challenges Learn
How to Overcome Them
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Managing subscriptions is one of the most
time consuming and terrifying tasks for
businesses. A subscription-based business
processes on the basis of bills that recur every
month. Therefore, it requires you to manage a big
client database, billings and most importantly
keep in mind the exact dates that you have to
renew the plans on.
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• As the Web 2.0 startups and businesses dealing
  with recurrent subscriptions face a number of
  challenges such as
• Billing users
• Maintaining subscriptions records
• Messaging customers
• Supporting users from different territories etc

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Recurring billing businesses should look for an
online subscription software that is able to cure
their major challenges listed here
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1. Managing Customers With subscription
billing business, you have a large number of
customer base to cater to. Managing each of your
UNIQUE customers on paper is not feasible. A
company needs an effective recurring billing
software that is able to automate to keep its
head out of piles of unwanted papers.
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2. Managing Billing Frequency Your business is
never aimed to stay stagnant, growth is its
ultimate aim. Make sure you choose the best
recurring billing software that is able to manage
payments, clients and user base at any
frequency. Software should be able to handle
payments on monthly, quarterly, semi-annually,
annually or as required by the company.
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3. Automated invoicing An auto-billing software
can act as your aid to efficient billing. It will
help you send automatic recurring bills on the
set date, remind your customers for payments (If
any, dues) and even manage clients records and
reports. Easily generate reports with INVOICERA,
the best recurring billing software and never
miss to bill your clients.
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4. Security of Payments With the increase in
transactions online, the probability of
cybercrime has also risen. Invoicera, the
subscription billing software offers 2-factor
authentication to make sure your transactions are
end-to-end secure.
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5. Management of Price Plans It is always
beneficial for a business to have a distinguished
price plan. It makes services affordable for
customers and profitable, at the same time, for
you. Multiple tiers of pricing plan, therefore,
may be inevitable and to manage the complexity,
you need easy-to-use top recurring billing
software that can help you make pricing changes
with ease.
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6. Failed transactions management Recognizing
failed transactions and proving a way to
automatically inform users of them helps to save
time and makes a business more efficient. On the
backend, you should be able to track the number
of invalid payments. Get a billing system that
will do the hard work for you and let you
concentrate on your core business of providing
awesome products or services.
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7. Discounts and promotions Each business,
whether, online or offline, service or product,
sales or subscription offers discounts or
promotions as a part of their activity to grow
their business. Choose a subscription billing
software that lets you create, manage and track
discounts and promotions for your services.
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8. The right customer messaging The sizable
amount of users attached to your business can
make handling customer communication and
messaging difficult. Your recurring billing
system should have the in-built capability to
identify invalid or errors in user transactions
and send a message to the users.
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9. Multi-currency and multi-language support If
youre the one working online, boundaries dont
hold much importance for you. Youre eligible to
get customers from any part of the world. Choose
a software that support multi currencies and
languages to easily let you create invoices,
communicate and receive payments without any
barriers.
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10. Payment gateways support and shopping carts
integration The best subscription billing
software should be able to integrate you with
multiple payment gateways, in order to receive
payments without any hassle from any part of the
world. Invoicera supports more than 30 online
payment gateways to let you receive payments from
all around the world, in any currency with just a
simple click.
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Features to help
Business Better
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