by Subscription Flow

Tackle Voluntary Churn Rate Effectively With Subscription Software

Subscription business has a lot of opportunities for growth yet there are many challenges like subscriber churn. This happens when many people are canceling their subscriptions. If you are running a subscription business then you must have experienced the looming threat of increase churn rate. Often times, businesses cannot grasp as to why their churn rate is increasing. With a direct impact on their monthly recurring revenue, their management scrambles to find reasons for the voluntary churn rate. As compared to involuntary churn, customers deliberately cancelling their subscriptions is more worrisome. But fret not because there are ways you can pinpoint reasons behind customer dissatisfaction and use appropriate tactics to tackle these issues.

First of all, it is important that the churn rate is constantly tracked and monitored in order to counter it. This is possible only when you are using a suitable subscription management software. For those who are not familiar, this system has an intuitive dashboard for businesses to track their key performance metrics under which category churn rate or customer churn is also shown. This metric directly impacts MRR also known as monthly recurring revenue. So understandably, it is important that the increasing churn rate (when experienced) is dealt with readily. Now there are two types of churn rate; voluntary and involuntary. The former takes place when customers choose to end their relationship with a business and request a cancellation or in some cases downgrade their subscription plans via the self-service portal. So how can businesses reduce it? This is exactly what this article is attempting to answer.

Reasons behind the Increased Churn Rate

In order to reduce the churn rate by using a subscription management system you first need to understand possible reasons for customer dissatisfaction. Because churn rate is directly targeting customer loyalty, it should be dealt with as such. Loyalty comes when customers are receiving value through their subscription plans. If they are facing issues with the onboarding process, lack of discounts or they do not use your products often, lack of response through customer service, and in some cases, customers have difficulty with payment options. All of these reasons point to how customers, when not offered value, choose to cancel their subscriptions. That is why companies who are facing increased churn rate need to focus on improving customer’s experience. There are a few ways how subscription management software can help you with that.

Ensure Smooth Onboarding Process

Businesses who are looking for tactics to reduce the churn rate can utilize tools from subscription management. One of the main issues customers have faced is during the onboarding process. What you can do is send an automated welcome email to your customers in order to help them navigate your website and introduce them to your subscription plans. Another way to introduce your product to your customers is by offering a live demo. Giving your customers a walkthrough of your platform and designed products will help them get an idea of what they are signing up for.

Offer Discounts, Auto-Renewals, and Trials

When it comes to discounts or trials, a reason why customers might downgrade from their subscription is a lack of satisfaction. A better way to increase retention is by offering a trial version of your product to help customers familiarize themselves with your product. Moreover, discount is a great way for your business to reward customer for their loyalty. Many businesses offer discounts to their customers on their plans or coupon codes for the paid version so more people choose to upgrade. Moreover, auto-renewals, if marketed with an attractive discount and access to exclusive features, can also benefit both you and your customer. The tools of auto-renewals are the key feature of subscription business because customers do not want to enter their contact information every time they want to renew their subscription.

Now the question arises as to how easy will it be for you to incorporate these tactics? It is easy for those who are using a subscription management system because it takes care of your customer’s invoices and can easily account for discounts or add-ons every time an invoice is to be generated. Each time a customer’s subscriptions are renewed, automated invoices are generated against their subscription and after payment processing with their pre-entered payment information, and their plan is renewed automatically for another term. Moreover, with subscription management software, offering trials means increased opportunities for the upgrade thanks to automated email reminders through webhooks. For every subscription business, there might be different reasons behind the churn rate but one thing is common and that is automation which can only be achieved with subscription management software. For businesses who are looking for such a system, SubscriptionFlow is a viable option so contact us today to utilize all of the above-mentioned tactics and improve your subscription health.

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by Subscription Flow

Manage Operations faultlessly with Recurring Billing Software for Nonprofits

Managing payments has never been a joyful task especially when you are running a nonprofit organization. Not just payments but adding transparency within every payment transaction. So that the donors can continue to rely on the organization. If you are nonprofit lead and want to be associated with software that takes the responsibility for your payment-related operations, billing and donations. Then this article is for you. There would be multiple instances where your payment doesn’t get processed mainly either because the software is not capable or some other malfunctioning. SubscriptionFlow has developed a recurring billing software for Nonprofits keeping in view all these aggravations faced by nonprofit organizations. A software that is robust enough to deal with the incoming payments, international transfers, recurring payments processed by the donors anytime with just a click.

We at SubscriptionFlow believe accepting and accounting for recurring payments and one-time donations may sometimes feel like a troublesome thought and often get overlooked. But it will not be ignored now with recurring billing software for Nonprofits powered by SubscriptionFlow. When you are running a nonprofit organization you have to encounter multiple things. For instance, staffing, messaging, strategic planning, and other challenges are all significant and require their share of attention. But according to a conducted research, forty-six percent of the people said that finding the money to get done their mission is the greatest challenge their nonprofit organization faces”. Below are some of the many functions that are catered by subscription management software for nonprofits powered by SubscriptionFlow.

Operational Donations

Charity Subscription Management Software also enables charity organizations to better customize their checkout pages to accept donations online while giving an easy and seamless opportunity to the common people. It also allows a donor’s to select a recurring donation plan with this module.

Repeated Charity Donations

With Recurring Billing & Donation Software for Nonprofits, you can now have a deeper understanding of your recurring charity donations. Sometimes it gets excruciating for the non-profit organizations to keep a balance between their one time donations and recurring donations. But it’s not a worry anymore. SubscriptionFlow’s recurring Billing & Donation Software for Nonprofits will provide you a fully functional module for handling all your recurring charity donations.

Integration with Other Financial Software

Recurring billing software for Nonprofits also enables charity organizations to synchronize and connect their clients, items, taxes and sales activity with accounting software QuickBooks Online, Xero and many more for a powerful end-to-end financial solution. The software is equipped with robust APIs that help you connect with other professional applications with the help of a few clicks. 

Multifaceted Payment Options

The last in the row of features is the availability of multiple payment gateways by Subscription Management Software for Charity developed by SubscriptionFlow. We at SubscriptionFlow knows the hassle of waiting to process the due payments. But it’s not the case anymore the software developed by SubscriptionFlow is efficient enough to entertain multiple payment options for its users.  As a result, the subscription management software for Nonprofits developed by SubscriptionFlow has ensured to give the ease of multiple payment gateways to the donors so that they do not have to go through any payment embarrassment.

by Subscription Flow

What Good Can Subscription Management Consultants Zuora Provide?

Billing is a domain familiar to maximum industries as more and more businesses have shown keen interest to adopt recurring billing for their billing procedures. Similarly, businesses that are providing billing services are always in need of billing consultants which can provide them worthy consultation and notify them about their loopholes regarding billing matters. Having said that, subscription management consultants Zuora is a popular name when it comes to providing consultancy about recurring billing and management of subscriptions.  Let’s now observe what recurring billing Zuora can provide its end-users with.

Overview

Subscription is that one field that is selling like a hot cake these days. For those who still do not know how subscriptions work. Then this article is for all of you. Subscriptions are a set of services that users can subscribe to on a monthly or annual basis. They can also purchase multiple services at the same time. Furthermore, the billing executed for subscriptions is referred to as “recurring billing”. Recurring billing is a phenomenon where a customer gets charged for a set period of time. Or in other words, for as long as the customers are utilizing that particular service. The time duration for purchasing a subscription depends on the user’s affordability. Next in the line of subscription niche is the management of multifaceted subscription plans. For subscription management, there are plenty of subscription providing companies that can assist you with multiple subscriptions. Not only companies but also subscription consultants as mentioned earlier. One such name is subscription management consultants Zuora. But it’s not all. There are so many other companies that can provide end-users or customers with a more efficient subscription and recurring billing consultancy.

Connect To a Real-Time Sub Subscription Provider

Subscription is a business that needs managerial services and response in real-time. As customers are approaching services nearly 24/7 from around the globe. So if the users are facing any issues with the subscription usage or their subscription plans or while processing payments. And being the service provider if you are unable to resolve the issues, you must get in touch with experts who can ease you out with customer queries and help you implement changes that can provide desired results in real-time. This is that point where consultants can help you out. Apart from subscription management consultants Zoura, SubscriptionFlow can assist you out with all the subscription-related queries. The consultancy and payment plans offered by SubscriptionFlow is far less expensive than anyone else in the market right now.

Choose Subscription Providers Wisely

Where SubscriptionFlow is charging 30$ user/month other subscription companies are charging triple than this. So if you someone interested to get linked to a company that will take ownership of every nitty-gritty of your subscription business, SubscriptionFlow is the name. Its subscription management software is equipped with all the robust and powerful features which are essential to handle any subscription business. Be it subscription consultancy or billing consultancy you can approach SubscriptionFlow for it is the most budget-friendly and flexible solution provider for all your subscription aggravations.

by Subscription Flow

Streamline Your Nonprofit Foundation Center through Subscription Management Software

If your nonprofit organization is like many others, and you also rely on your donors and affiliates. Then these people will more be inclined to be associated with your organization’s membership because they trust what you do and firmly believe in your mission of serving the society, and in turn, they want to donate to your organization knowing it will be spent rightly while providing a regular revenue stream to your organization. Under such given scenarios nonprofits subscription management software is what you need to grab for streamlining donations and notifying members about upcoming events. The associated members will also be more likely to go through your newsletters and spread your message around, and more. But this all is not one-sided, your members might also expect things from you as well, whether its news, events, workshops, discounts or other perks of membership. Keeping track of all this including who your members are, people interested in membership, what your members provide you, and what you need to provide them –both considered as a daunting task.

Successfully establishing a nonprofit organization needs enough courageousness. There might be matters that you have never dealt earlier. Arrangement, administration, and implementation are the three factors that need to be engaged well while running a nonprofit organization. Most of the nonprofit organizations have to work in regions that are kind of slums or sometimes overpopulated. Sometimes nonprofits are also known as Ngo’s (non-government organizations) as both NGO and nonprofits work for the betterment of the underprivileged people. They work for issues that are either never addressed or lose government’s or people’s attention. They work irrespective of the class difference. Orphans, poor, widows, underprivileged, old aged and what not. Name a thing and you would see nonprofits addressing the issue. Having said that, along with core issue managing a nonprofit itself demands utter attention.

There are sections like billing, payment processing and recurring amounts, donation reporting, etc. So in order to stay abreast of your daily errands, you must get along with subscription management software for nonprofits. One it will systemize your tasks and processes. Second, it will help you manage things automatically across a few clicks within the same dashboard. We’ll cover how billing, invoices, and payments can be managed seamlessly with Nonprofits subscription management software.

Faster Payment Processing

Subscription management software for Nonprofits assists you with payment tasks on day to day basis. With subscription management software for nonprofits, you can track your daily payments flawlessly against minimal clicks. It provides you a hands-on experience through its robust and intuitive dashboard which is easy to operate so that all the employees do not have to go through hours of operational troubles. Payment is one of the most important segments that need to be carefully managed. With the help nonprofit subscription management software, you can provide your members and donors with trusted payment processing so that they can donate with much ease For example if you have has international donors who find it a trouble to pay you a visit for handing over their donations they can make use of the payment processing gateways to donate to your organization. Subscription management software for Nonprofits powered by SubscriptionFlow provides the following processing mediums GoCardless, JPMorgan Chase, Stripe, Authorize.net, CyberSource, etc. what are you waiting for? Get in touch with SubscriptionFlow today to experience a seamless subscription software for your nonprofit organization.

by Subscription Flow

A Tough Competition for the Businesses Searching For Subscription Management Software

With the influx of technology and instant updates, the end users have become more advanced in terms of using different applications. Same point goes valid for fitness and gymnasium industry. People these days are fitness enthusiasts who do not want to miss out on important and worth attending events when it comes to their daily fitness routines. But in the race of providing the best fitness services the fitness clubs need to buckle up. They have to offer the best solutions at the best price or else, the client just has to walk down the lane for a better health club offer. This is where subscription management software for Gym Management comes into the picture. Subscription management software for gym management is primarily used to ease the hassles faced by the management of the health club and can improve the efficiency of the health club in return.

Be it personalized fitness training or paying the gym subscription fee. Either way, subscription management software is ready to help you out with the tiny details of your fitness routine. Without a doubt, subscription management software for gym management is used in creating personalized exercise plans and monitoring progress. Fairly simple to use, it can also be utilized by professional trainers or ordinary persons in devising a customized program. It records every user’s workout, daily menu, body measurements, and progress. Moreover following are some of the many features provided by subscription management software under its tracking module.

Nutrition Tracking

Subscription management software can be used to track nutrient intake, calories, daily meals and so much more. It can also be used to prepare personalized menus based on the nutritional requirements and medical condition of any individual. Point being facilitating end users to the deepest core.

Prevention from Injuries

The subscription management software is a kind of software specially designed to help individuals prevent injuries caused by rigorous exercise. This prevention module also include tips on stretching properly, taking exercise breaks, and training ergonomically so that the individuals do not have to face any severe consequences.

Daily Exercise Routine

Subscription management software for gym management is one of its kind. It contains a collection of different exercises that you can choose from, to create a customized exercise routine for yourself. Exercises are usually sorted by categories like resistance, strength, ball, and rehabilitation etc. Moreover, the gym management can keep a check on the trend going on at the subscribers end. As a result of which they can mark those fitness sections and put it in the “exclusive category” for the users. So that once a new user subscribes they can directly view the exclusive category to see the trend. All in all, subscription management software for gym management is an ultimate tool for helping the gym instructors and the management from the daily subscription hassles. SubscriptionFlow is proud to bring you the best subscription management software for Gym Management. Flexibility and customization goes hand in hand. Meanwhile you can get in touch with the SubscriptionFlow team today for getting your personalized subscription management software edition. Do not delay! Head now!

by Subscription Flow

Best Subscription Management Software

It has been observed that customers purchasing habits are now trending towards more simple and hassle free shopping experience and this is that one reason why most of the businesses are turning towards subscription models and subscription space. Subscription industry is providing an incredible financial growth for businesses worldwide.

It’s no surprise that subscription business is on the rise and so does the need for billing and invoicing softwares. But it’s quite difficult to opt something when you have plenty of options available. So what should businesses need to search for when it comes to subscription management software? Below is the convenient checklist of qualities that a business must look for in their subscription management software.

Flexible in changing subscription plans

If a software is unable to meet the business needs and requirements, there is no good reason for the business stakeholders to continue working with it. For all the companies who are on the search out for the best billing and invoicing software in 2019 they must learn to set their priorities along with their business needs first and then try to look for a software that is providing them with the flexibility in managing their overall customers subscription plans.

Since subscription industry is in an ever evolving state it makes a bit challenging for the businesses to pick one software that covers every aspect of subscription management.  Subscription business is a service based business. Businesses charge customers for the provided services and alter or sometimes terminate the customer’s subscriptions if they no longer pay for it.

Subscription software brings automation while managing all other related tasks. It positively impacts the customers by providing results that are aligned with their requirements and flexibility in managing their subscriptions. A software that is robust enough to deal with the last minute changes in subscriptions is a good option to go for in 2019.  As customers’ demands change over time and the wisest approach always is to go with a software that allows you to make changes in the subscription plans flexibly.

Discounts, Promotions and Coupons

Another quality that needs to be there in the best billing and invoicing software of 2019 is the ability to manage discounts, promotions and coupons along with regular subscriptions. An efficient subscription management software will incorporate and track all the bundle offers including promotions, discounts and coupons in its main dashboard. Often times subscription businesses announce promotional discounts on the products to attract more subscribers and to increase their sales and business revenue. One regular practice that subscription companies perform while doing this is they announce tier discounts to its customers. In such a case it becomes overwhelming for the businesses to manage the customer’s life cycle (especially if they have to do it manually). A worthy subscription management software will handle the discounts, promotions and coupons in a matter of seconds providing the businesses with a seamless experience.