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Today the market experiences a pressing need to digitize finance and payments in particular. Among the other areas of payment automation, subscription billing allows to exclude mistakes in the billing process and manage revenue. While companies are striving to provide extra benefits to their customers, subscription billing tools make it possible to manage standard and special offers, packages, or discounts to ensure the billing process is accurate.

The subscription billing market involves many interesting companies to research into; still, in our previous publication we described top subscription billing companies by investments received. Now it’s time to dive deeper into some of them.

Sage Intacct

Sage Intacct

Sage Intacct is 100% invested in meeting the needs of financial professionals, 100% focused on customer success, and 100% committed to the cloud. Thousands of organizations rely on Sage Intacct’s best-in-class cloud ERP software, which is part of the Sage Business Cloud, to deliver the efficiencies and insights that keep them on the fast track of growth, from their first million to their first billion, and beyond.

Sage Intacct is part of the Sage Business Cloud. Our offices are headquartered in San Jose and we have a nationwide award-winning channel program.

Sage Intacct offers for the clients such benefits, as:

  • Core Accounting Software
  • Financial Reporting and Dashboards
  • Billing Software
  • Budgeting and Planning Software
  • Cloud HR Software
  • Accounting Platform
  • Additional Modules for Total Financial Management

Sage Intacct is the cloud accounting software company to be appointed a preferred provider by the American Institute of Certified Public Accountants (AICPA) and recognized by finance professionals as the highest rated solution for customer satisfaction. The company guarantees 99.8 % uptime, airtight data security, and comprehensive disaster recovery. They’ve completed both SSAE 18 SOC 1 Type II, as well as SOC 2 Type II, audits and is PCI certified.

Sage Intacct  was included to 2019 50 Best Software Products for the Mid-Market List by G2 Crowd, and was named as Top Rated ERP Software by TrustRadius in 2018 and 2019 . Also FeaturedCustomers named Sage Intacct as one of the Market Leader at 2019 Winter Accounts Payable Software Customer Success Report.

Sage Intacct is trusted by over 150 companies in the USA, such companies as Patreon, Burger King, GoGuardian are using Sage Intacct software for accounting.

Aria Systems

Aria Systems

Aria Systems provides a cloud-based monetization platform that removes billing bottlenecks to allow companies to quickly launch and evolve their offerings. For enterprise companies, Aria offers actionable customer insights that empowers them to accelerate their time-to-market, seize new market opportunities, and meet customer demands.

Aria Systems offers the following benefits:

  • Dynamic product catalog
  • Powerful promotions
  • Seamless service activation
  • Iterating pricing and packaging
  • Secure payments and charging
  • Recurring billing and invoicing
  • Integrated dunning
  • Simple taxation
  • Custom rating and mediation
  • Agile account management
  • Reporting
  • Integrations and connectors

Aria Systems’ solutions are PCI Level 1 and TRUSTe certified. To ensure security, Aria applies the following standards and controls: ISAE 3402, SSAE 16 (SOC 1 Type II), and HIPAA. Moreover, Aria is routinely audited by reputable third-party assessors.

Aria Systems was recognized as one of the leading subscription billing solutions by the Forrester Wave™: SaaS Billing Solutions, Q4 2019 report and the IDC MarketScape: Worldwide Subscription Management Applications 2019–2020 Vendor Assessment. The company is one of the leaders in the 2020 Spring Customer Success Report. Subscription Billing Category.

Aria Systems is trusted by such companies as Adobe, Audi USA, Subaru, Constant Contact, Twitter, Dell, Parker, Sony, Philips Healthcare, Red Hat.

NetSuite

NetSuite Oracle

Oracle NetSuite Global Business Unit pioneered the Cloud Computing revolution in 1998, establishing the world’s first company dedicated to delivering business applications over the internet. Today, Oracle NetSuite Global Business Unit provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries.

NetSuite offers to their clients:

  • ERP Software
  • Accounting Software
  • Global Business Management Software
  • CRM Software
  • Omnichannel Commerce Software

Also NetSuite offers industry expertise, professional, educational and support services for their partners.

NetSuite has met a host of audit and security standards including SOC 1, SOC 2, PCI-DSS and EU-US Privacy Shield framework. In addition, NetSuite has modeled its security and risk management processes according to National Institute of Standards and Technology (NIST) and ISO 27000 series of standards.

NetSuite was included in the Constellation Shortlists Q1 2020 Product-Centric Cloud ERPQ1 2020 Enterprise Cloud Financial Platforms and Q1 2020 Services-Centric Cloud ERP. Also Frost & Sullivan named the company as the Leader in Cloud ERP for Manufacturing. IDC named NetSuite a Worldwide Leader in SaaS and Cloud-Enabled Finance and Accounting Applications and included to the list of Worldwide SaaS and Cloud-Enabled Midmarket ERP Applications. Third Stage Consulting honored NetSuite as #1 ERP for 2020.

The most known NetSuite partners are Asics, Atlassian, Box, SAP, Cisco, Coca-Cola, E.L.F., ESET and many others.

PaySimple

PaySimple

Businesses come to PaySimple with a simple, but important need – a better way to accept payments. Developed for the unique needs of service-based businesses, PaySimple delivers flexible payment and billing solutions that are preferred by over 20,000 businesses each day.  Unlike our competitors, PaySimple is committed to personalized service. With a robust API, PaySimple is a trusted technology partner for payment integrations; natively handling cashflow within SaaS products and mobile applications. PaySimple is the leading payments management solution for service-based businesses and a division of EverCommerce.

PaySimple’s solutions offer to the clients:

  • Online Credit Card Processing
  • ACH Payment Processing Software
  • Point of Sale for Small Business
  • Streamline Payment Acceptance with an Online Payment Form
  • Seamless Shopping Experience with Embedded Solution

The PaySimple website and all PaySimple Solution modules, including hosted webforms, use a 256-bit DigiCert certificate, but accommodate the majority of browsers at 128-bit encryption.Processing is performed by SSL (Secured Socket Layer) and compliant with PCI DSS – Payment Card Industry Data Security Standards.

In 2015 PaySimple team won a Stevie Award and PYMNTS Innovation Award. In 2020 FeaturedCustomer included PaySimple to 2020 Summer Customer Success Report as one of the Top Performers.

PaySimple cooperates with such companies, as FlightMedia, TravelBound, NewPro etc.

GoCardless

GoCardless

GoCardless is on a mission to take the pain out of getting paid for businesses with recurring revenue.They’ve created a global bank debit network, to rival credit and debit cards. On top of it, they built a platform designed and optimised for taking invoice, subscription, membership and instalment payments. Recurring payments platform integrates with the applications businesses use every day, giving businesses more visibility over payments and saving them huge amounts of time on tasks like payment reconciliation. People at GoCardless believe diversity is both a strength and opportunity.

GoCardless offers the following benefits::

  • Invoice Payments Solution – collect and reconcile invoice payments automatically
  • Recurring Payments – allows to collect subscriptions and invoice payments, both domestically and around the world
  • Setting up payment details only takes two minutes for customers to complete online
  • Customers will always be notified by email when a subscription is starting or one-off payment is being taken
  • No more customers logging into online banking, updating expired card details or forgetting to pay
  • Customers’ payments are protected if a payment is ever taken in error

GoCardless is authorised by the UK Financial Conduct Authority under the Payment Services Regulations 2017 and has been awarded ISO 27001 certification. All client-server communication is 256-bit SSL encrypted. The banking system requires just 128-bit. Company’s global data risk management programme is built to GDPR standards and applies privacy best practices to help protect and respect personal data.

GoCardless was awarded as the Financial Services App of the Year. GoCardless is positioned as a Leader in the Summer 2020 G2 Grid reports for Payment Processing and Subscription Revenue Management software. GoCardless is also positioned as a High Performer in a third G2 Grid Report for Enterprise Payment software solutions.

GoCardless partners with more than 150 billing and subscription software partners globally, including Xero, Sage, QuickBooks, Zuora and Salesforce.

2Checkout

2Checkout

2Checkout is an all-in-one monetization platform that makes global digital sales easier. One of its products is 2Subscribe, a subscription package that grows customer lifetime value and improves retention. The package allows companies to accept payments, manage subscriptions and prevent churn.

2Subscribe offers the following benefits:

  • Subscriptions can be sold worldwide (200+ countries and territories)
  • Accepts major credit cards and PayPal, 100 currencies
  • Integrated with 120+ carts
  • Localized checkout (29 languages)
  • Can be branded to match company’s website
  • Provides customizable subscription reporting on recurring revenue, renewal and churn rate, active customers and subscriptions, and many more

The 2Subscribe package is PCI Level 1 certified, complies with PSD2 and GDPR, and other security and privacy frameworks.

2Checkout was among the finalists of 2019 SIIA CODiE Awards and 2018 SIIA CODiE Awards category “Best Billing & Subscription Management Solution”. The company is one of the leaders in the 2020 Spring Customer Success Report. Subscription Billing Category. 2Checkout is listed in the Top 20 Subscription Management Software Products of 2020 by Crozdesk.

2Checkout is trusted by 17,000+ companies such as Bitdefender, HP Software, Nero, Advisera, ABBYY, CanadaQBank.

Braintree

Braintree

Braintree provides the global commerce tools people need to build businesses, accept payments, and enable commerce for their users. It’s the simplest way to get paid for great ideas – across any device, and through almost any payment method. Merchants in more than 45 countries/regions worldwide can accept, split, and enable payments in more than 130 currencies using Braintree.

Braintree offers the following benefits:

  • Mitigate Risk and Keep Payments Data Secure
  • Make it easy for buyers to pay with innovative payments solutions for web and mobile
  • Get the technology, expertise, and insights you need to sell to more people – and in more ways
  • Streamline Business Operations
  • Game-changing fraud protection
  • Reporting
  • Streamline payout management
  • Third-Party Integrations

Braintree is a validated Level 1 PCI DSS compliant service provider. The company is on Visa’s Global Compliant Provider and Mastercard’s SDP List.

Braintree cooperates with Uber, Poshmark, Casper, Skyscanner, OLO and others.

Pipe

Pipe

Pipe is a two-sided marketplace connecting companies that have monthly or quarterly recurring revenue with investors who bid to purchase these revenues for their annual value, upfront. It’s the new way to finance your growth without dilution or debt. Pipe provides a subscription financing platform enabling SaaS companies to obtain instant liquidity on their subscription contracts as an alternative to equity financing. Larger SaaS companies also use the company’s solution to offer flexible monthly or quarterly payment terms to customers.

There are few key features of Pipe:

  • Companies use platform to sell the recurring revenue from a cohort of customers to investors for dilution-free capital
  • Pipe has created a new asset class for investors: a fixed income-like product for asset-backed, predictable, recurring revenue streams

Invoice2go

Invoice2go

Invoice2go is the world’s top-selling invoicing app with over 200,000 customers in over 178 countries worldwide. The mission is to help small businesses and self-employed professionals thrive. It is achieved by equipping them with the most straightforward way to create estimates, send invoices, and get paid quickly. Intuitive and easy-to-use app provides a variety of features to free small business owners from administrative burdens and give them greater control over their time. By streamlining all aspects of accounting, business owners have more bandwidth to grow and focus on what matters most.

Invoice2go offers the following benefits:

  • Create and send professional invoices in a matter of minutes
  • Make first impression count with a professional estimate, and win jobs 3x faster by letting customers approve your estimates online
  • Get paid up to 2 weeks faster when you accept debit, credit or PayPal payments right from the invoice, and have all of payments instantly allocated and tracked
  • All of business performance is available at a glance, leading client to make smarter business decisions with rich insights

Invoice2go uses 256-bit SSL encryption, authentication and tokenization for logins, and PCI and DSS compliant servers. They also have a privacy statement with further security details.

Invoice2go is the Winner of 2015 Spring Awards for Best App Design.

Invoice2go works mostly with small companies.

Even Responsible Finance

Even Responsible Finance

Employee financial stress and uncertainty are at an all-time high. Even’s responsible on-demand pay platform gives employees visibility into their daily earnings, access to pay when they need it, and the power to plan — before payday arrives. Even connects to the company’s payroll system to let employees send their wages straight to savings to help with bills or debt. Or, send some of their paycheck to themselves in an emergency (even if payday hasn’t come yet).

Even Responsible Finance offers the following benefits:

  • Get paid on demand
  • Shift & pay tracking
  • Proven saving tools
  • Smart spending assistant
  • Plan for bills

The company works with independent third-party auditors and examiners to perform penetration testing, evaluate the control environment, and test the defenses. SOC2 Type 2 report provides a comprehensive overview of the security controls and the tests company’s auditors perform against them.

Even has been recognized by CB Insights, a tech market intelligence platform, on its Fintech 250 list of fastest-growing fintech startups.

The company works with Walmart, Atlantic Health System, Noodles & Company, Pitney Bowes, Wesco, Sam’s Club.

Bottom line

Subscription billing software market is constantly growing. MarketsandMarkets forecasts that the market will reach $7.8 billion by 2025 at a Compound Annual Growth Rate of 14.0% during the nearest five years. Regulations play an important role in a company’s ability to grow and efficiently protect platform users from threads. This is why our overview includes information about security measures and regulation compliances.

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