Enroll customers into subscription plans, automate invoicing and payments, and track subscription statuses
Posted: Mon Dec 23, 2024 5:14 am
The subscription economy is booming, and subscription-based business models are now present in almost every industry imaginable. Netflix, ZipCar, and Dollar Shave Club (and Vtiger!) have used it to disrupt deeply entrenched industries, and they’ve done so while creating highly predictable revenue streams and unprecedented customer satisfaction and retention.
These benefits are certainly attractive, but to effectively taiwan whatsapp number scale using a subscription-based model, in addition to the appropriate product or service, businesses need a subscription management application that can manage a growing pool of subscribers and subscriptions while automating transactions and data exchanges.
With these and other features in mind, we're excited to announce the new Vtiger Subscriptions Module . Whether a company has 100 or 100,000 customers, Vtiger stores subscriptions for each one, sets up recurring billing, and automates payments, communications billing, and subscription renewals, giving businesses the tools to analyze customers and subscriptions and improve revenue stream efficiency.
Enroll customers in easy-to-manage subscription plans
Here's an example to illustrate how the Subscriptions module is used: Trendhouse, a weekly fashion magazine, has 50,000 subscribers. All subscriptions require an annual commitment, but because Trendhouse subscribers have different payment options, Trendhouse offers payment period options of $12 per month, $32 per quarter, or $120 per year. Vtiger's Subscriptions module tracks every Trendhouse subscription associated with each subscriber. Subscription information includes the period, amount, start and end dates. Each period during a subscriber's 1-year commitment, subscribers receive an email invoice, which can then be paid manually, or subscribers can enroll in an automatic payment system to make all future payments on time. This ensures that their service is never interrupted and that Trendhouse can easily manage large subscriber bases with little overhead.
Allow customers to sign up for auto-pay or pay recurringly online
By clicking on a link in an emailed invoice, customers can pay the invoice manually or set up automatic payments for this and future recurring invoices from a bank account or credit card. For customers, this ensures timely payment and prevents service disruptions due to late payments. For businesses, it provides predictable revenue streams with minimal overhead to manage large subscriber bases and process large transaction volumes with error-free payment processing.
These benefits are certainly attractive, but to effectively taiwan whatsapp number scale using a subscription-based model, in addition to the appropriate product or service, businesses need a subscription management application that can manage a growing pool of subscribers and subscriptions while automating transactions and data exchanges.
With these and other features in mind, we're excited to announce the new Vtiger Subscriptions Module . Whether a company has 100 or 100,000 customers, Vtiger stores subscriptions for each one, sets up recurring billing, and automates payments, communications billing, and subscription renewals, giving businesses the tools to analyze customers and subscriptions and improve revenue stream efficiency.
Enroll customers in easy-to-manage subscription plans
Here's an example to illustrate how the Subscriptions module is used: Trendhouse, a weekly fashion magazine, has 50,000 subscribers. All subscriptions require an annual commitment, but because Trendhouse subscribers have different payment options, Trendhouse offers payment period options of $12 per month, $32 per quarter, or $120 per year. Vtiger's Subscriptions module tracks every Trendhouse subscription associated with each subscriber. Subscription information includes the period, amount, start and end dates. Each period during a subscriber's 1-year commitment, subscribers receive an email invoice, which can then be paid manually, or subscribers can enroll in an automatic payment system to make all future payments on time. This ensures that their service is never interrupted and that Trendhouse can easily manage large subscriber bases with little overhead.
Allow customers to sign up for auto-pay or pay recurringly online
By clicking on a link in an emailed invoice, customers can pay the invoice manually or set up automatic payments for this and future recurring invoices from a bank account or credit card. For customers, this ensures timely payment and prevents service disruptions due to late payments. For businesses, it provides predictable revenue streams with minimal overhead to manage large subscriber bases and process large transaction volumes with error-free payment processing.