Recurring Billing Applications Reviews and Ratings

What are Recurring Billing Applications?

A recurring billing application enables organizations to bill customers for one-time, subscription-based and usage-based fees for goods and services. It consumes orders and/or service contracts documenting the goods and services the customer has purchased, periodically generates fixed recurring fees, and ingests and rates product usage data. It issues one-time or periodic roll-up invoices to the customer and collects payments before determining recognizable revenue and posting to an external general ledger. APIs or UI fragments support a self-service billing portal. Modern recurring billing applications are an important customer touchpoint for measuring customer sentiment and for delivering marketing messaging.

Recurring billing is mission-critical for invoicing customers and collecting revenue for a business. It ensures billing for all goods and services is aggregated into one periodic invoice to the customer. It enables value-based pricing models that are charged based on actual usage of the service. Payment can be automatically collected by a wide range of payment mechanisms. Dunning workflow optimizes the collection of failed or delinquent payments. Revenue recognition logic ensures adherence to the latest international standards such as IFRS 15 and ASC 606.

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Chargebee is the billing and monetization platform built for the AI economy. We help businesses of all sizes grow revenue by providing a comprehensive suite of solutions, including subscription management and recurring billing, pricing and payment optimization, revenue recognition, collections, and customer retention. With Chargebee’s enterprise-grade platform in your corner, you can maximize your growth potential, adapt quickly to changing market dynamics, and increase customer loyalty.

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Stripe provides a platform for business financial infrastructure, and enables companies of all sizes to accept payments online and in person, embed financial services, power custom revenue models, and build a more profitable business. Stripe's core objective is to increase the GDP of the internet. Stripe has dual headquarters in San Francisco and Dublin, as well as offices in London, Paris, Singapore, Tokyo, and other locations around the world.

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Zuora provides a monetization platform to build, run and grow a modern business through a dynamic mix of usage-based models, subscription bundles and everything in between. From pricing and packaging, to billing, payments and revenue recognition, Zuora’s flexible, modular software solutions are designed to help companies evolve and scale monetization with demand. More than 1,000 customers around the world use Zuora’s combination of technology and expertise to transform their financial operations and how they go to market. Zuora is headquartered in Silicon Valley with offices in the Americas, EMEA and APAC.

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OneBill is a Silicon Valley software company that makes cloud-based billing & revenue management software to help organizations quickly launch and monetize their products and services with recurring/ usage-based/ rule-based/ transactional/ hybrid subscription models, automates the entire quote-to-cash and revenue recognition processes, brings channel partners and resellers into a single billing ecosystem, improves process efficiency, enhances customer billing experience, and overall increased bottom-line.

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BillingPlatform is a company specializing in cloud-based monetization and automation of quote-to-cash processes with a specific emphasis on billing. The company's dynamic platform allows businesses to monetize diverse offerings and integrates smoothly with any system. This system is designed to create a seamless experience that translates value into revenue. The company processes innumerable transactions and a considerable amount of revenue, with capabilities to adapt to any billing model. The suite of solutions provided is engineered to spur revenue growth and bolster operational efficiency. This is attained via configuration rather than code, with BillingPlatform playing a leading role in enabling the Consumption Economy.

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Stax Bill is a company that specializes in automating subscription billing and payments. Its primary focus is to eliminate repetitiveness in financial processes, allowing firms to concentrate more effectively on larger strategic objectives.

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Cerillion focuses on delivering systems related to billing, charging, and customer management. With over two decades of industry experience, the company caters to a diverse spectrum of communication providers that include mobile, fixed, cable, and multi-service entities. The systems offered by Cerillion play a pivotal role in pricing and billing for wholesale, retail, B2B, B2C, and multi-country service provider portfolios. The company's solutions are installed at over 80 customer sites and are effective in addressing the challenges related to billing, charging, and CRM. Additionally, the company provides a variety of business models and solutions, including integrated systems, managed services, and SaaS, aiming to meet the current and future business requirements of its clients.

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Zenskar is a platform based in New York, specializing in quote-to-cash operations. Its functionalities include the automation of intricate subscription and usage-based billing schemes, efficient management of receivables, provision of analytical data, configurable revenue recognition workflows, and automated usage data metering processes. Zenskar aids in maintaining the creative flexibility of sales teams concerning pricing and contracts while ensuring ease-of-use for finance teams.

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m3ter concentrates on transforming the way B2B software scale-ups approach usage-based billing. Through the automation of intricate bill calculations and integrations, the platform aids businesses in expediting billing cycles, diminishing fiscal waste, and fostering innovation. m3ter's platform seeks to provide dependable, scalable, and insightful billing methodologies while bridging various departments, like Finance, Product, Engineering, and Sales & Customer Success. It processes large quantities of usage data, integrates existing financial and CRM systems, manages complex pricing adjustments, and offers expertise for significant billing and pricing ventures. This aims to generate accurate billing statements that businesses can rely on. Thus, m3ter ventures to make billing more streamlined and automated for B2B software businesses.

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Maxio helps B2B SaaS maximize their revenue operations. The financial operations platform is designed to meet the unique financial challenges of B2B SaaS, including billing, subscription management, revenue & expense recognition, and SaaS metrics & analytics.

In order for a SaaS company to achieve continual growth, their financial operations tech stack must strike the right balance between flexibility, allowing them to pivot quickly in an ever-changing market, and complexity, which supports them as they scale their business, operations, and monetization strategies. No matter how complex the requirements, Maxio is designed to automate the full spectrum of a subscription lifecycle—from billing and invoicing to ARR management to revenue recognition–in a single, unified system that allows custom reporting.

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Recurly is a subscription and billing platform that aids businesses to enhance their recurring revenue. The platform addresses a common issue faced by subscription businesses, which find it challenging to grow due to limitations in predicting and answering customer demand. Recurly provides a user-friendly platform that allows quick adaption, data-driven insights for better business retention, and experienced support for managing subscriptions at large scale. This way, Recurly is supporting a substantial number of subscribers and a remarkable payment volume annually.

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Mekari is a software (SaaS) company that supports business and professional growth through digital transformation. With an integrated ecosystem of solutions for Human Resources, Finance, Accounting, Supply Chain, CRM, Customer Support, Tax, Digital Signature, and other business processes, Mekari has been trusted by over 35,000 companies in the region. We provide customizable systems to optimize smart operations, enhance efficiency, and faster decision-making, and drive sustainable growth.

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Bluefort is a software and services company powered by Microsoft Dynamics software, providing subscription management solutions. The primary objective is to eliminate hindrances that prevent businesses from achieving optimum performance. The company focuses on modernizing operations and improving processes like sign-ups and back-office tasks for global clients. Additionally, Bluefort supplies industry insights to help businesses identify and capitalize on untapped values.

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Opencell is a comprehensive platform that caters to the unique requirements of recurring revenue businesses. The solution is cloud-ready, and its robust billing engine interacts with usage-based or subscription-based specifics. This platform offers intuitive interfaces for non-technical teams to alter their offerings effortlessly, along with advanced customer care functionalities and integration with popular CRM systems. Additionally, the platform supports revenue recognition, payment management, and automated dunning, incorporating financial close management. It also features a data warehouse for businesses to access real-time data and reporting to optimize their operation. Opencell's flexibility enables quick implementation for various use cases such as telco, IoT, cloud infrastructure, SaaS, smart cities, and energy. The company operates on an open source licensing model and provides the platform either on-premise or online in a public or private cloud environment.

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SAP is a company that aims to improve operational efficiency worldwide. The primary focus is on helping customers optimize their business operations. SAP develops innovative solutions to support this objective. The company plays a crucial role in transforming industries by fostering opportunity and equality on a global scale. By collaborating with customers and partners, SAP is capable of making substantial changes across various industries, supporting the growth and development of economies and societies.

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2Checkout is a digital commerce and payments provider. The firm assists businesses in offering their products and services through multiple channels, acquiring customers across numerous touch points, and enhancing customer and revenue retention. It also focuses on providing intelligent payment options and subscription billing models, and aims to optimize sales conversion rates. The company operates globally and is involved with businesses from various sectors.

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Amdocs is a company centered on enabling the realistic transformation of innovative ideas in the sphere of digital experiences. In the age where digital innovations are ceaseless and the need for compelling virtual experiences is high, Amdocs' role is to unlock the creative capacity of their customers. The company operates with 31,000 employees worldwide, working to expedite the transition of customers to cloud-based systems and focusing on distinguishing themselves in the 5G phase. They aim to digitalize and automate operations for efficiency while delivering advanced communication and media experiences to end-users.

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AppDirect is a B2B subscription commerce platform company, based in San Francisco. The company's primary objective is to streamline the processes of selling, purchasing, and managing technology by bridging gaps between technology providers, advisors, and businesses. With its rich ecosystem of subscription marketplaces, AppDirect assists a myriad of providers and advisors, as well as a multitude of subscribers, empowering them in their journey of innovation, growth, and success.

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Aria is an enterprise that operates on a cloud-based monetization platform. The main purpose of this platform is to eliminate billing-related obstacles, enabling businesses to swiftly initiate and adapt their services. Aria also delivers customer insights and provides a level of control for business users that aids in effectively capitalizing on their services. Based in downtown San Francisco, CA, the company runs field offices across the globe.

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Features of Recurring Billing Applications

Mandatory Features:

  • Ingest orders and service contracts.

  • Generate periodic fixed charges.

  • Ingest usage data, rate it and generate usage charges.

  • Aggregate charges of all types into periodic invoices for each customer.

  • Capture payment for an invoice.

  • Integrate received revenue with a general ledger system.