As companies take advantage of the flexibility of the cloud, their business models are evolving as well. Today, we live in an on-demand world, with everything-as-a-service. But all this flexibility for end users has wreaked havoc on the typical contract and payment process for B2B companies. That’s why over 1,000 organizations turn to Chargify, the SaaS billing solution that makes online recurring payments simple.
If your business has a software-as-a-service (SaaS) offering, you'll likely want to bill customers repeatedly, in a frictionless way. Your revenue-driven goal is to encourage customers to use your software solutions over time. Our job at Chargify is to make recurring billing as seamless as possible for your organization.
Our SaaS billing platform was designed with the following capabilities:
As a Chargify merchant, you’ll administer these functions within our online interface. If you require a more integrated solution, your developers can incorporate Chargify across a variety of programming languages and environments via our Chargify API.
Let’s dive into the features of the above capabilities.
We know that many B2B companies have complex contracts. Elastic Billing™ empowers you to bill the way you want! lets you bill the way you want. Chargify offers highly configurable billing logic that you can tailor to your specific needs, from one-time fees (for an implementation or equipment purchase, for example) to recurring fees (such as for per user subscriptions or monthly support). You have the ability to customize your contracts and billing.
Plus, you have the ability to offer marketing incentives, such as free trials and flat-rate discounts, to attract new customers and reward loyal ones. Chargify's system makes it easy to set discount parameters, including coupon duration, use limits and amounts, in turn empowering your sales and marketing organization to close deals. All coupon codes are saved and tracked and can be easily duplicated or reactivated.
And in light of the recent revenue recognition requirements for subscription companies, Chargify acquired ProRata, a SaaS-focused reporting and analytics platform that automates compliance with ASC 606 and IFRS 15 revenue recognition. This is just one way that we are constantly innovating in the SaaS billing space.