SaaS billing can get complicated, especially for Software businesses. Luckily, like most complex processes and tasks, billing can be simplified.
Muvi Billing is a plug-and-play subscription management platform designed to manage the complete billing cycle for SaaS platforms. Muvi Billing’s automated system manages complex billing processes, varied payment modes, recurring revenue streams, taxes, payments, subscriptions, and much more.
The most important aspect of running a SaaS business is managing subscriptions. Every customer of yours may have opted for different subscription/pricing plans, billing cycles, payment methods or they fall under different tax structures. To manage these complexities, you need reliable subscription management software. Muvi Billing offers you a holistic “business-first” subscription management system optimized for the automated management of complex billing processes, varied payment schedules, recurring revenue streams, tax-compliant billing, and more!
Pricing isn’t something you set one time and forget. It should be revised as the product ages. Most SaaS businesses struggle to manage differential pricing, payment collection, compliances and end up losing revenue. With Muvi Billing you can manage differential pricing strategies based on your requirement. Implement flat-rate pricing, tiered pricing, usage-based pricing, per-user pricing, freemium pricing, etc.
Of course, every subscription business comes with a churn resulting in revenue leakage. It’s the nature of the business. A billing platform must handle the required changes that can reduce the involuntary churn and become a revenue generator that directly impacts the bottom line. With Muvi billing, stay assured with end-to-end management of your users’ subscription billing lifecycle. Get paid on time with automated recurring billing with customizable auto-generated invoices.
Revenue recognition is a generally accepted accounting principle (GAAP) that stipulates how and when revenue is to be recognized. Revenue recognition becomes more complex when you are running a subscription billing business. Muvi Billing with its feature-rich system helps you recognize your revenue accurately.
Your subscription model should be built around your customer, not the other way around. This means your billing platform should be flexible enough to accommodate the needs of every customer. Muvi billing allows you to manage the subscription plan changes, handle the customer communication, access the billing history, current balances, renewal dates, active coupons, notes, and much more.
To reach and retain users across the globe, accepting payments through multiple payment gateways is a must. And Muvi Billing supports this out-of-the-box! Muvi billing offers 17+ payment gateways to transact through. You can also integrate your preferred payment gateway or even integrate your own, out-of-the-box and accept payments in local currencies across the world.
The intricacies of managing compliance and tax issues grow exponentially as you scale your markets and expand into new geographies. Muvi Billing helps you manage all these aspects, like localizing customer communications in their respective languages, billing across multiple currencies, and offering a choice of payment methods before they become a limiting factor to your growth.
Thrive on predictive intelligence on price, inventory usage, and generate shareable custom reports, scorecards, and more. Go beyond the basics of MRR and drill down into other metrics like Average Revenue Per Subscription, Lifetime Value, revenue for specific regions, customer segments, and payment gateways, etc. Collate the actionable insights at one tap before turning them into lucrative sales proposals.