9+ BEST Subscription Management Software of 2022 [Ranked]

Table of Contents

What is Subscription Management Software?

Subscription Management Software is used by companies that offer their products and services on a recurring subscription basis.

Subscription management software helps with providing flexible billing and payment options as well as setting promotions on the company’s product and service line.

It helps businesses automate and keep track of their subscription billing and payments.

This means that businesses can focus on their product or service, and leave the nitty-gritty details of subscription management to the software.

Having recurring income coming in month after month is the ideal goal of lots of entrepreneurs and businesses.

However, managing all the infrastructure and logistics of setting this up and maintaining it can be a huge hassle.

This is where subscription management software comes in.

Best Subscription Management Software

There are lots of different subscription management software programs out there, so it’s important to find one that fits your business’s needs.

There are hundreds of options out there but a smaller number that will fit the needs of most businesses.

Make sure to compare features and pricing before making a final decision.

The right subscription management software can save you time and money in the long run.

Let’s take a look at some of the best subscription management software on the market:

#1 Stripe

Stripe is a one-stop shop for billing, payment, and subscription needs.

Stripe’s API can work on mobile (iOS or Android) or desktop and works well with most merchant accounts and shopping carts.

The subscription management tools are top-notch, allowing you to set up subscription plans, manage subscribers, set recurring billing intervals, and even offer coupons and discounts.

Plus, subscription analytics come standard so you can track your growth and conversions over time.

Stripe also has a wide range of integrations with popular business tools like Salesforce, Xero, Slack, and Zendesk.

If you’re looking for a comprehensive subscription solution that will save you time and money in the long run, Stripe is a great option.

Pricing: 2.9% + $0.30 per transaction

#2 Chargify

Chargify is another great subscription management software option that revolves around event-based billing solutions.

Chargify’s subscription management tools are robust and easy to use.

You can manage your subscription plans, customers, payments, and even offer coupons and discounts.

Chargify also has a wide range of integrations, including QuickBooks, Xero, Slack, and Zapier.

Plus, you get access to subscription analytics so you can track your growth and conversions over time.

Pricing: There are several pricing plans available.

The plans are as follows:

Essential: $599 per month + 0.9% of revenue on overages
Standard: $1499 per month + 0.7% of revenue on overages
Specialized: $3499 per month + 0.5% of revenue on overages
Custom: Pricing based on your business needs

#3 Recurly

Recurly is a popular recurring billing platform.

Recurly was built specifically for recurring revenue companies.

Its Professional and Elite plans focus more on:

Subscriber growth
Maximizing lifetime value
Simplifying payments and billing
Automating workflows, and
Support and services

Pricing: The software starts at $199 per month billed monthly and covers the first $500k in revenue. There are additional plans for larger businesses doing more than $1 million in recurring revenue per year.

#4 2Checkout

2Checkout is a popular monetization platform that helps businesses grow their subscribers and sales.

To help maximize revenue, 2Checkout includes:

payment processing
anti-fraud measures
reporting
analytics, and
marketing automation

Pricing: 2Checkout has three pricing models:

2Sell: 3.5% + $0.35 per successful sale
2Subscribe: 4.5% + $0.45 per successful sale
2Monetize: 6.0% + $0.60 per successful sale

All packages aside from the first include the features of the previous tiers, in addition to other features to help you save time and make your business more efficient.

#5 Zuora

Zuora differentiates itself by focusing on managing subscribers and customer relationships across channels.

It provides insights related to billing, finance, subscription, and customer data, which can help salespeople and marketers make better decisions on product offers and marketing campaigns to boost engagement and maximize revenue.

Pricing: There is no pricing info on Zuora’s website. Instead, we’re encourage to sign up to watch a demo, so pricing is likely custom.

Zuora CEO: How to Create A Successful Subscription Experience

#6 ChargeBee

ChargeBee is a revenue management platform and subscription billing software.

ChargeBee’s subscription management tools include:

subscription plans
customer management
recurring billing
coupons and discounts, and
subscription analytics

Pricing: There are three pricing plans available, with monthly and annual plans.

The annual plans are as follows:

Launch (3 users): $0 per month for the first $100K in revenue
Rise (10 users): $249 per month
Scale (25 users): $549 per month
Enterprise: Get a custom quote based on your business needs

#7 Recharge

Recharge serves over 35 million subscribers in more than 180 countries.

Recharge’s subscription management tools are geared towards subscription eCommerce businesses.

Some of the features include:

subscription plans and relationship management
recurring billing
customer profiles, and
subscription analytics

Pricing: There are two pricing plans available with Recharge:

Standard: No monthly fees, then pay 1% + $0.10 per transaction
Pro: $300 per month, then pay 1% + $0.19 per transaction.

Pro gives great insights on reporting, metrics, and analytics to help you grow your business and increase your revenue.

#8 Skio

Skio is subscription management software designed to help subscription businesses grow their recurring revenue.

It’s built especially for Shopify stores. Skio addresses the hassle associated with selling different plans at different rates to different subscribers.

Pricing: The plans are as follows:

Skio starts at $299/month.

You will then pay transaction fees based on the number of transactions that occur (paid at 1% + $0.20 transaction fee). There’s also a different rate based on group revenue.

There’s a 60-day free trial is offered on all new accounts except those that don’t qualify due to a few conditions, which are listed on their website.

#9 Papernest

Papernest is a contract and subscription management platform.

However, Papernest is mainly known for its moving-out management feature. This service allows people to move contracts (electricity, gas, internet, etc.) to their new location.

Basically, instead of dealing with each provider individually, people can use the service to move all their contracts over.

According to Papernest, their platform currently has over 1 million users.

Personal Paperwork Management

Papernest is part of the Personal Paperwork Management trend.

51% of Americans say they have unwanted subscriptions that they don’t cancel because of the hassle it involves.

This situation has created an opportunity for startups that offer automated paperwork management systems that enable people to change or cancel subscriptions with a click.

Simyra, Budg and Monarch are examples of trending personal paperwork management solutions.

Setting Up Recurring Billing Software

Now that you have an idea of what subscription management software is and what some of the best options are, it’s time to set up your subscription billing software.

There are a few key things to keep in mind when setting up your subscription billing software:

First, make sure you choose the subscription management software that’s right for your business. There’s a lot of options out there, so take the time to research and find the one that fits your needs the best.

Second, set up your subscription plans and pricing. This will be one of the most important factors in determining whether or not your subscription business is successful. Make sure you offer a variety of plans at different price points to appeal to a wide range of customers.

Third, set up your recurring billing. This is how you’ll actually charge your customers on a regular basis. There are a few different ways to do this, so make sure you choose the one that’s right for your business.

Finally, don’t forget to promote your subscription business! Make sure you let your customers know about your subscription plans and pricing, and make it easy for them to sign up. The more customers you have, the more successful your subscription business will be.

Subscription Business Models – 6 Types You Should Know

Features required in a Subscription Management Software

Subscription management software should have the ability to easily manage subscription plans and pricing, customers, recurring billing, and subscription analytics.

Subscription management software should be easy to use and understand, with a clear interface that makes it simple to navigate.

It should be affordable, with a variety of pricing options to fit any budget.

It should have a wide range of features to appeal to a variety of businesses.

Subscription management software should have great customer support, in case you have any questions or problems.

Why Use Subscription Management Software?

There are many reasons why you might want to use subscription management software for your business.

First, subscription management software can help you save time by automating subscription billing and payments. This means you won’t have to manually process payments each month, saving you a significant amount of time.

Second, subscription management software can help you save money by reducing subscription costs. This is because subscription management software can automate many of the tasks associated with subscription billing, such as customer communication and invoice processing.

Third, subscription management software can help you grow your business by providing insights into your subscription data. This data can help you identify trends and optimize your subscription plans to maximize growth.

Finally, subscription management software can help you improve customer satisfaction by providing a better experience. This is because subscription management software can automate many of the tasks associated with customer service, such as subscription cancellation and refund processing.

Subscription Management Software – FAQ

What is SaaS subscription software?

SaaS subscription software is a type of subscription management software that helps businesses manage their subscription billing and payments. SaaS subscription software is typically offered as a service, meaning it is hosted by the provider and accessed by customers via the internet.

What are the benefits of using subscription management software?

There are many benefits of using subscription management software, including:

The ability to automate subscription billing and payments, saving you time and money.
The ability to provide insights into your subscription data, helping you grow your business.
The ability to improve customer satisfaction by providing a better experience.

What features should I look for in subscription management software?

When choosing subscription management software, there are a few key features to look for, including:

The ability to easily manage subscription plans and pricing
The ability to manage customers, recurring billing, and subscription analytics
A clear interface that is easy to use and understand
Affordable pricing options to fit any budget
Great customer support

How much does subscription management software cost?

Subscription management software typically costs a few hundred dollars per month, depending on the features and functionality you need.

Is subscription management software right for my business?

Subscription management software is a great solution for businesses of all sizes that offer subscription-based products or services.

If you are looking for a way to save time and money on subscription billing and payments, subscription management software is a good option to consider.

How do I choose the right subscription management software for my business?

When choosing subscription management software, there are a few things to keep in mind, including your budget, the features you need, and the level of customer support you require. You should also consider whether you want a subscription-based solution or a one-time purchase.

How do I get started with subscription management software?

If you are interested in subscription management software, the best place to start is by doing some research and then contacting a few providers to get pricing information and compare features.

Once you’ve found the right subscription management software for your business, you can sign up for a free trial to get started.

Summary – Subscription Management Software

Subscription management software is a type of subscription software that helps businesses manage subscription billing and payments.

There are many benefits of using subscription management software, including the ability to automate subscription billing and payments, provide insights into subscription data, and improve customer satisfaction.

When choosing subscription management software, there are a few key features to look for, including the ability to manage subscription plans and pricing, customers, recurring billing, and subscription analytics. Subscription management software typically costs a few hundred dollars per month.