In earlier times companies use to perform all their tasks manually which was no less than a distressing experience. From filing papers to generating reports, from calculating invoices to maintaining subscription records all were done through manual means. Advancement in technology brought automation in work processes. Things that never seem to be done so quickly are now happening in just a matter of few clicks. One such technological transformation that has reshaped the way recurring businesses or subscription based businesses were being operated is Subscription Management System.
Subscription management system is a software which automates the whole subscription process for any business. It includes storing payment data, processing charges while updating subscriptions accordingly. Subscription management system is vital for keeping track of the subscriber’s activities and managing their overall subscription records all at one place.
The basis for the success of any recurring business is its ability to build strong, positive relationships with its customers. With a well-built subscription management system, every new sign up can be the start of something pleasant, instead of an operational headache. If you are someone who wants to get into the subscription industry and have zero knowledge about what to choose as a subscription management system, Recurly is right option for you.
Recurly reinvented how subscription based business achieve their success. Recurly is the top subscription platform for maximizing revenue. This means businesses can now focus on growing their subscriber base while Recurly work to maximize their revenue. Below are the features that Recurly provide businesses to enhance their subscription experience.
- Subscription Management
Recurly is providing businesses with the ease of managing their customer’s subscriptions by creating an unlimited number of plans. It offers a variety of billing models i.e. fixed, usage based etc. while giving the subscribers the flexibility of choosing between single and multiple subscription plans and then merging them with one time services.
- Payment Options
Recurly supports a variety of payment options to give businesses the ease of payment no matter where they are located. Recurly scales with the needs of the business and gives the flexibility to conduct business globally.
- Billing and Accounting
Recurly values the flexibility of offering multiple billing models to monetize its products and services. Recurly helps you create variety of pricing plans and packages to facilitate customers to the fullest. It also gives customization option to businesses to support subscription contracts on a whole new level.
- Flexible Integrations
Recurly provides a wide variety of integrations to provide a seamless subscription experience. Flexible integrations helps in increasing efficiencies, reduce operating costs and delivering a more satisfying customer experience.
- Analytics and Insights
With Recurly insights, businesses can a get a clear overview of their business cycle. It provides all the necessary insights about generating more revenue while maximizing KPIs.
- Subscriber Retention
Recurly maximize revenue by minimizing the churn rate. When a transaction fails, subscribers churn and as a result of which the business has to suffer. But not a problem anymore, Recurly helps you to recover an average of 70% from failed subscription renewals through its revenue optimizing engine.
Subscription Packages
Recurly offers three packages with the promise of no hidden charges and no contract burdens. Their packages are as follows
- Core Package
- Enterprise package
- Custom Package
Pricing
The pricing of Recurly starts from $99 per month.
Pricing Model
- Free
- Free Trial
- Open Source
- Annual Subscription
- Monthly Payment
- One Time Payment
- Quote Based
Supported Language
Recurly supports only one language i.e. English
Integrations
Some of the many integrations Recurly offer include
- Webhooks
- MailChimp Integration
- User Roles
- SalesForce
Available Devices
- Web based
Company Size
- Large Enterprises
- Medium Businesses
Available Support
- Phone
- Live support
- Training
- Tickets
Recurly offers an enterprise level platform for recurring billing management specifically designed for subscription based SaaS, Web 2.0 and mobile businesses. Its platform enables businesses to process payments across various payment channels and is built to deliver support and top class security in days, rather weeks. Putting in a nut shell, Recurly is a high-end subscription management solution that boasts of premium functionality with a touch of simplicity.