How does Subscription Management Software for small business actually perform?

Subscription management software for small business provides tools to automate their manual processes while managing overall subscriptions. It involves subscription processes like billing and invoicing, subscription management, payment processing, payment gateways, payment dunning, subscription reporting, analytics and many more.

At SubscriptionFlow, we give you the authority you always needed for your subscription business while maintaining compliance rules and staying abreast against fines and security breaches. We ensure steadiness and certainty at every step while assisting you with easy to use subscription management software to scale your business.

How can we call a software an easy to use subscription management software?

Easy to use subscription management software intend to have all the functionalities that will help businesses organize their sales efforts with multiple divisions and point of contacts. To determine easy to use subscription management software, always look how easy the software is for sale representatives, managers and for end users to operate. How easily that reps can pull out the information while using the software. And how easily the software gives end user the control to manage their subscription plans and accounts.

Easy to use subscription management software is fundamental for the sustenance of sales and billing process. It also helps businesses to meet their subscriber’s demands and requirements at one platform. i.e. billing (recurring billing), invoicing , payments, taxation, analysis, reporting, subscription management and many more.

Why there needs to be a Subscription management software for small business?

When small businesses turn into new markets, the hazards associated with subscription handling data conversion and compliance management also increases and it gets progressively confused to manage subscriber’s information. So in order to stay abreast from the mentioned hurdles, a properly functional subscription management software for small business is a must.

Considerations of small businesses while opting a subscription management software

Following are some of the many points that needed to be taken care of while choosing subscription management software for small business.

1. Price

One of the top considerations for small businesses is the overall value offered by the combination of features for the price, as well as whether or not any additional setup or implementation fees is required.

2. Ease of use

Another top consideration for small businesses is how stress-free and easy it is for sales team and concerned managers to use the software to find the information they need in order to make decisions, and plan their activities according to their overall sales strategy.

3. Deal management

Small businesses also watch out for how well the software allows them to customize their sales pipeline based on overall sales strategy, and how well the software supports in moving deals through that sales pipeline in various types of accounts.

4. Multi-contact accounts

Another consideration for small businesses is how skillfully the software handles the relationship between multiple divisions, departments, and hierarchal companies within one account especially if they are distributed in various locations and handled by multiple reps.

5. Reporting:

Another consideration being, how the software provides data and analysis about sales activities and performance. Whether or not it allows users to create specific sales goals and generate reporting based on achieving these goals.

6. Segmentation and territories

Another consideration for small businesses is, what are the tools that are available to organize subscriber’s accounts into territories? Whether the software can automatically assign new leads to the appropriate sales team or not.

SubscriptionFlow- A subscription management software for small business

SubscriptionFlow is a cloud based billing and invoicing software available for both large and small businesses. It provides check out, sales tracking, payment processing along with multiple payment gateways and payment methods, recurring billing and high volume of transactions all available at one platform.