Effective management of the subscription renewal process is a Herculean task for any software vendor. Challenges with invoicing changes with additions and reductions are just too many, which makes customer billing long and inefficient. At the same time, ad-hoc tools and approaches to subscription management make it difficult to scale while forcing businesses to cross several hurdles in standardizing the invoicing and payment collection process.
Are you facing difficulties tracking and managing your customers, offering discounts, and enabling customer pricing tiers? If yes, it’s time to dive deep into the gaps and inefficiencies in your current business.
Source - https://www.work365apps.com/8-challenges-software-vendors-encounter-while-adopting-a-subscription-based-strategy/
