Today's guest post comes from Fusebill's chief bean counter, Cathy Smith. Cathy and her team have helped shape Fusebill so that our customers' accountants will be happy. Fusebill was designed by accountants. That’s right, beancounters had input. As a result, Fusebill has features that make our lives easy.
What is the most prevalent software as a product (SaaS) recurring billing price model? For most cases, it's simply the model of charging your users month after month, until they cancel.
Effective and competitive pricing strategy is an important consideration for every subscription business. What are some principles of simplifying subscription pricing?
Your business has a loyal base of subscribers. They pay on a regular basis and your subscription billing seems to go well. If only it would be this easy. What happens when your subscriber's credit card expires or fails?
Companies exploring subscription billing solutions should look beyond their immediate needs to ensure they choose a platform that meets their long-term needs. This guide will walk through the wide range of features required to automate your recurring billing, subscription management and payment process.
Have you ever missed sending an invoice? This can be disastrous for your business. Firstly, it disrupts your cashflow, so you may not have enough funds to pay off suppliers, forfeiting the right to any early invoice settlement discount. It can also damage your reputation as client’s view those that miss invoices or send them late as unprofessional.
There is nothing more important in business than to ensure your account receivables are running smoothly. One of the challenges for AR is how easy it is for your clients to pay you. If customers have trouble paying you, then they are unlikely to pay on time. However, if you make it easy for them, they are more likely to process their invoices in a timely manner.
Being a tech startup is not easy. According to the most recent statistics, 80% of businesses fail within 18 months of starting. While the simple reason for business failure is that they’ve run out of cash, the real reason is never so simple. After all, there have been many businesses who have started up with nothing and become a huge success.
The financial reports of your business are essential. They let you know where the strengths of your business lie and how to improve your business in order to generate the revenue and profit you need to survive and grow.
When running a tech business you are more than likely to encounter challenges. No one can know everything and technology can change rapidly. So who can you turn to in such circumstances? Who can help you get back on track?
The cloud has become an amazing tool for your business. It is far more than just the online backup or remote software access that so many small and medium businesses think it is. The cloud has the potential to propel your business onto the next stage by helping you at every step.
Customer churn rate is a really important metric to get under control. Although many SaaS companies report that their churn rates are between 5 and 7%, having them as low as possible helps your business grow and revenues to soar.
When you are running an online business, costs can be significantly reduced when you have systems that can integrate with each other to help you manage your business. The advantage of cloud based systems, in comparison to on premise is that they can be customised to interact with other common systems.
If you work hard, your young business won’t be small forever and you will need to have plans and features in place to help it grow and function later. A business without the right support for its size will struggle, even if it didn’t before. This is why you have to think of your business’ long term needs.
To help you run your business you need to look at financial reports. These can provide you with insights into your company’s performance in the past and present, as well as provide you with information to help you in the future markets.