6 Core Subscription Billing Processes to Scale Your Business

1. PAYVOICE 6 Core Subscription Billing Processes to Scale Your Business Subscription Management and Recurring Billing Software

2. Introduction 6 Core Subscription Billing Processes to Scale Your Business Signups Activation Billing Usage Provisioning Notifications Contact Us Table of Contents Topics Covered

3. Introduction Whenever you automate a process, that means you are allowing your business to scale. It doesn’t matter whether your company is a small organization or a multinational company, both types of the organization must automate their billing processes, to scale their businesses. All the core subscription billing processes are running in the background while your business focuses on growth. Still, if you haven’t automated the billing processes, that means you are making a huge mistake.

4. Signups The first and most important step in the recurring billing process is signup. First, you need to signup on a registration page to start your automated recurring billing system. In the signup procedure, you need to create your profile and all payment- related information. By letting the signup process run automatically, you can focus easily on other billing issues. 6 Core Subscripti on Billing Processes to Scale Your Business Activation After the signup process, next is the activation step, in many cases businesses activate the client on the same time when they signup and after that they receive their first bill automatically. After completing the signup process, the activation step is needed to finish; until the activation happens, you can’t make your payments. Without activation, you won’t be able to charge. Billing After the activation, the billing process has to be done. In traditional ways, billing has to be done through cash or checks, but the way of billing is changed in the current scenario. All the billing or payments has to be done through credit cards, debit cards, online banking, and UPI payment methods. Like traditional billing in online recurring billing, there is no risk of losing papers or a mistake in billing.

5. Usage 6 Core Subscripti on Billing Processes to Scale Your Business You need to pay for many services after completing the usage, for example, mobile recharge, but this won’t happen in recurring billing. In subscription billing, payments automatically deduct or add for the net month subscription billing, and its information automatically sends to the customers. Provisioning After the usage, the next process is provisioning, which ensures that your customers have received accurate access for what they have purchased or signed up for. All the billing information has to be checked through provision; credit card on file, it has expired or not, payment is failed or not, invoice overdue, the payment card is valid, etc.

6. Notifications In the notification process, a subscription billing system communicates with the customers by notifying them about activated or updated subscriptions and all the payments or billings that a customer makes. Here we have mentioned few important terms that are necessary to build good client relations, and this includes; Transparency for all plans which they have purchased They can see their transaction history Customers are aware that they are owed money

7. Payvoice: Subscription Billing Platform https://payvoice.io/ 604-773-4232