Maximize Efficiency in your SaaS Billing Operations
Introduction
For any SaaS in its growth stage, the priority is to acquire as many customers, or rather subscribers, as possible and retain them. However, as you scale, billing them becomes complex, beyond the confines of an in-house billing system.
As your SaaS scales, these are some of the billing scenarios you may want to implement:
- Accommodate flexible billing terms, payment modes (like offline or direct debit), and multiple payment gateway
- Ensure compliance with tax regulations of new geographies
- Enable prorations when users upgrade/downgrade in the middle of a billing cycle
- Bill based on usage (metered billing)
- Charge the annual contracts on a quarterly or half-yearly basis
- Send renewal reminder emails for the annual contracts…