TL;DR
- You need a reliable subscription billing system to track recurring billings, implement diverse pricing structures, and automate billing processes for your SaaS company.
- Explore the best subscription billing systems, including Togai for B2B SaaS, Paddle for growth-focused companies, and Recurly for a user-friendly experience across industries.
- Automating invoice generation and customizing payment collection are key features of Togai, enhancing operational efficiency.
- Chargebee's integration with platforms like Profitwell and Quickbooks supports better financial management and analysis.
- Zuora is ideal for large-scale organizations with complex billing needs, while Chargebee suits both startups and enterprises with its extensive billing scenarios.
- Stripe's detailed reporting for payments, revenue tracking, subscriptions, and sign-ups offers valuable insights for SaaS companies.
- Stripe offers a cost-effective billing solution for those already using its platform, and Chargify caters to B2B SaaS businesses looking for flexible billing models.
- Tridens provides a comprehensive revenue management solution for companies with intricate billing systems, and Billsby integrates easily with your preferred business tools.
- Braintree supports SaaS recurring billing with customizable pricing plans and various payment options, although it's not a complete subscription management platform.
- Choose Togai for a powerful usage-based billing solution that can help SaaS companies optimize their subscription billing processes and achieve sustainable growth.
Want to revolutionize your SaaS billing systems with automation, streamlined management, and seamless payment processing? Here’s a compilation of the ten best billing platforms for SaaS business.
Why Do SaaS Businesses Need Robust Billing Systems?
The software industry has undergone a significant transformation with the advent of a subscription-based pricing model, creating a new path of growth and revenue for SaaS companies.
As a SaaS company, it's essential to have a system in place for:
- Tracking recurring billings of your products and services.
- Implementing diverse pricing structures and introducing new services.
- Automating the entire billing and payment processes.
- Minimizing human error and improving customer satisfaction.
- Integrating popular payment gateways for secure transactions
- Gathering insights into customer metrics and purchasing trends.
While selecting a subscription billing software, it's crucial to pick one that caters to all the above aspects. On that note, let us see the ten best billing systems for SaaS businesses that go above and beyond to serve their customers.
10 Best Billing Systems For Saas Businesses: A Detailed Compilation
1. Togai
Built for B2B businesses. Togai is one of the most preferred SaaS pricing platforms delivering comprehensive metering, pricing, and billing modules. This platform should be your first choice if you are aiming for:
- Consistent growth
- Customer retention
- Revenue management
- Data-based pricing decisions
- Nil engineering effort to implement pricing strategies
Togai is a top SaaS billing system in this list because it:
- Allows you to collate and aggregate usage data with real-time metering tools.
- Integrates seamlessly with popular payment gateways like Paystack, Stripe, and Adyen.
- Uses JavaScript and its unique rule engine to customize billing.
- Automates invoice generation and customizes payment collection.
- Enables easy launch of any business model with a flexible pricing system.
- Manages real-time metered entitlements.
- Handles event streams through a high-throughput ingestion pipeline.
- Enables no-code pricing for pay-as-you-go, custom contracts, and subscription pricing models.
2. Paddle
If you are a developing SaaS company, The Paddle Revenue Delivery Platform promotes growth and enables acquisitions, renewals, and expansion. Paddle improves your revenue delivery infrastructure, making it easier for customers to reach you and explore opportunities.
With Paddle, you can:
- Enable transactions via credit/debit cards and PayPal.
- Enable revenue recovery with automated dunning.
- Implement recurring and metered billing models.
- Implement freemium strategies and free trials.
- Manage customer plan changes.
3. Recurly
Recurly is a top choice not only for SaaS businesses but also for media, streaming services, consumer goods, professional services, and publishing companies. The platform powers millions of monthly subscriptions, enabling pricing strategy implementation, maximum revenue, and lower customer churn. The platform is popular for its:
- Advanced customization features.
- Amazing customer service.
- User-friendliness for customers and admins.
- Global payment gateways and streamlined checkout processes.
- ML technology for advanced dunning features to reduce churn.
4. Zuora
Zuora is popular amongst high-profile organizations for its many abilities, such as:
- Streamlining complex billing scenarios like usage-based pricing.
- 20+ payment methods, 40+ gateways, and transactions for more than 180 currencies.
- Recovery of up to 20% of failed payments and fraud prevention using Machine Learning.
- Easy integration with your existing applications.
- Rapid deployment using APIs, SDKs, and other platform tools.
Although Zuora facilitates scalability, new pricing strategies, and other features, the platform’s upper-market capability makes it ideal for large-scale organizations.
5. Chargebee
Chargebee is excellent if you are a newly launched SaaS business or on the verge of becoming a big enterprise. The platform connects well with Profitwell, Quickbooks, and other such platforms. You may want to consider investing in Chargebee for its:
- Freemium model plan for newly launched products.
- 450+ potential billing scenarios to choose the right fit from.
- Configurable Smart Dunning and lower involuntary churn.
- No-code checkout and customizable self-service portal.
- Automated recurring billing workflows.
Chargebee also allows you to:
- Run trial experiments and promotional campaigns.
- Offer flexible pricing and payment models.
- Accurately track product usage.
- Accurately reflect taxes and charges in invoices with multi-decimal support.
6. Stripe
Stripe is a billing platform offering an additional billing solution called Stripe Billing. This basic tool is easy to use if you are already familiar with Stripe.
This solution provides enough features, such as:
- Retrieve billing logic for different pricing models, such as per-seat and metered billing.
- Allow customers to use Stripe’s customer portal to manage subscriptions and update billing details.
- Gather detailed reporting for payments, revenue tracking, subscriptions, and sign-ups.
- Offers a cost-effective solution with no fixed monthly fees, resulting in lower monthly expenses.
7. Chargify
Chargify is said to be one of the most sought-after billing and revenue management platforms for B2B SaaS businesses. It has enough reasons for the same.
- It helps manage subscription businesses by creating, optimizing, and adapting offers with the right product, packaging, pricing, and promotion.
- It also manages change over time and helps remove bottlenecks in the system.
- It allows you to try various recurring billing models and align your pricing strategy with product consumption.
Chargify is also a great option for:
- Subscription management and tracking to boost customer relationships and increase lifetime value.
- Implementing revenue retention strategies to prevent churn due to failed or delinquent payments.
- Create dynamic billing models with real-time data analytics.
8. Tridens
Tridens Monetization is a top-tier SaaS subscription billing solution that caters to software companies with complex billing systems. Its real-time charging feature is part of a comprehensive revenue management solution for subscription-based companies. Moreover, it supports critical business processes like revenue generation, capture, collection, and analysis.
Tidens empowers you to:
- Create detailed reports for business planning, customer usage, catalogs, and gathering statistics.
- Launch innovative digital subscription and usage-based services.
The platform also offers:
- Automation for all processes from billing to payment collection.
- Granular reporting, task scheduling, and finance management.
- Access end-to-end billing management solutions.
9. Billsby
Billsby is a software that seamlessly integrates with all your preferred business tools and simplifies the process of starting your subscription billing business. With its drop-in checkout and account management tools, you can get started easily. However, it also offers advanced API options. The software provides automated payment processing, invoice and dunning management for your convenience.
This product helps you:
- Stall failed payments and ensure revenue recovery.
- Reduces churn and improves customer retention.
- Boost MRR with add-ons and usage-based billing.
- Create hidden plans for specific customers or internal use.
- Use Billsby Advanced Invoices instead of PDF invoices.
10. Braintree
Although Braintree is not a complete subscription management platform, it supports SaaS recurring billing. You can also track recurring revenue, make subscription plans, and manage recurring payments.Braintree allows you to do more, such as:
- Customize pricing plans with add-ons, promo offers, and discounts.
- Streamline the checkout process for buyers with various payment options.
- Accept payments via cards, Venmo, Apple Pay, and PayPal.
Braintree also allows you to:
- Automate pending subscriptions and send email notifications to customers.
- Use the Braintree Control Panels to use payment management tools and reports.
Togai For SaaS Subscription- The Best Choice
Choosing the right billing software is essential for SaaS companies to optimize their billing processes as subscription services continue dominating the business landscape. Togai presents itself as a powerful usage-based billing solution for navigating this complex space.
Togai's comprehensive suite comprises Metering, Pricing, and Billing modules, which enables startups and entrepreneurs to manage revenue streams efficiently while prioritizing business growth.
By using Togai, SaaS companies can confidently optimize their subscription billing processes and drive sustainable growth. You can implement any pricing strategy ten times faster in less than a day.
Seeing is believing! Schedule a demo today to learn how Togai works.
