As market experts, we understand that SAAS has become more than subscriptions. It is a growing modern business system that has very precise needs. SAAS businesses must provide bespoke offers at scale, endless arrangements of recurring and usage-based pricing, real-time analytics, and constant experimentation all are done in the context of the endless change.
These needs can create huge management issues for our clients. Responsibilities that were thought to be simple once like creating CX and/or understanding sales commissions, calculating accurate revenue and the operational efficiencies become very complex in a B2B SAAS business.
To put it simply, managing billing and revenue has become a SAAS business blocker. We have understood this requirement and have developed our platform to solve it.
ChargeMonk — Billing and Revenue Management for SAAS
ChargeMonk is more than a billing management platform as it also has the capabilities to comprise end-to-end revenue management for the fast-growing SAAS companies.
First of all, it is compulsory to understand the significance of revenue management in SAAS. Google search will depict that revenue management has been used traditionally as a term in the legacy businesses to explain the use of analytics to maximize revenue and envisage consumer behavior.
The truth is that today SAAS companies do have revenue management requirements, but they appear much different. To become successful in the modern SAAS world, companies must have to:
· Move rapidly
· Respond faster to the market and the customer needs
· Personalize at scale
· Drive the alignment throughout the revenue-generating functions
· Gain insights from the turmoil
· Stay compliant in this changing world always
It is difficult to manage effectively all areas without a single platform built exclusively for your requirements. This is where ChargeMonk’s expanded platform comes in. We will provide merchants a solution to manage their revenue completely with capabilities and key features in three main areas: revenue operations (RevOps), elastic billing, and SAAS insights.
Elastic Billing
Elastic billing, the flexibility that SAAS companies need, and remains as a central pillar of our product, provides our merchants with the ability to start complex offers without writing the code. This enables millions of complex coupons, subscription variations, and recurring discounts, invoice flexibility, and modernized usage-based revenue.
