Top 5 Most Common Reasons for Payment Failures
It's a cycle.
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It's a cycle.
“You can make money two ways — make more, or spend less.”
When your business generates revenue on a recurring basis and carries out billing in a periodical manner, subscription management and recurring billing aren’t the only features you will need. There is a whole set of other features that covers all the bases, from invoicing to reporting and beyond. These features are essential for a subscription-based business, which would complement your growth and revenue goals.
In order to optimise revenue and streamline processes, SaaS companies must consider every option available in the industry.
“A goal without a plan is just a wish.” ― Antoine de Saint-Exupéry.
One fine day, I was manually billing my customers as usual. It would take hours for me to sit and check everything without missing any payments and customers. When handling revenue records, I shockingly found that a particular bill was lost. I was frustrated to the end because that one bill means a lot to me as it would make a huge revenue loss for my business.