
Recurly
Recurly is subscription and recurring billing management software used by thousands of companies to automate recurring billing for faster payments and subscriber management. It supports multiple payment platforms, including credit cards, PayPal, ACH, pay with Amazon, and invoicing. Recurly allows customization of the platform to meet different recurring billing demands, such as different payment methods, checkout flows adjustment, new subscription launches, new promotion testing, and more.
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Recurly Review and Overview
Today all the businesses are dependent on a subscription management system that means handling the customer cycle operations. It manages the trials, assignment of credits, issuing refunds, and also making mid-cycle subscription changes.
What is Recurly?
It is a company that provides recurring billing management for subscription-based Software as a Service (SaaS), Web 2.0, mobile, content, and publishing businesses. It supports constantly evolving billing models.
Working of Recurly subscription management system
They start with a plan and its management. It allows you to create an unlimited number of plans that offer a variety of billing models. These plans help in attracting customers by giving them the option of buying single or multiple plans that can be combined with 0ne-time products/services. You can put up the amount when you give the details of the plan. It has an item catalog that is very useful in separating the products that you want to sell from the way that you use to sell them. This catalog is customizable; that is, you can build it according to your requirements. This also helps in keeping track of the sales.
What makes Recurly efficient?
The tools available with Recurly are attractive and engaging. It does help in applying percentage discounts that attract the customer. It automatically monitors the count until the promotional code is no longer valid. It allows customers to redeem more than one valid coupon on their account at a time. It gives you the provision of creating as many unique codes so that you be able to track the efficiency of your campaign. It allows you to edit the existing coupons and restore expired coupons for further redemption. It offers gift subscriptions through which a customer can purchase gift cards for their friends and family.
Additional features
It supports various payment gateways that help you in accepting payments quickly. It has a gateway failover that can route transactions to a backup gateway, in turn, ensuring business continuity. It provides accurate invoices as it automatically creates an invoice for all billing scenarios. This leads to enhanced financial efficiency. It helps you to analyze the business by proving your insights into the plans, revenue data, KPIs, and trends. The analytics dashboard gives you complete data about the subscriber base, plan performance, and billings.
Top Recurly Features
- Subscription management tools
- Recurring billing automation
- Payments orchestration capabilities
- Churn management features
- Advanced revenue recovery tools
- Customized billing templates
- Automated subscriber communications
- Multi-payment gateway support
- Global tax management solutions
- Intelligent retry mechanisms
- Flexible pricing and packaging options
- Compliance with ASC-606 standards
- Integration with leading CRMs
- Fraud management technology
- Support for 140+ currencies
- Localized payment processing
- Insights on retention trends
- API and webhook integrations
- Automated financial reporting
- Subscriber experience optimization