Financial Modeling · Recurring billing

Whats a good recurring billing management system?

Nishant . Co-Founder LIFTOFF Ventures || Investor VYANA Scientific || Mentor & Strategic Ideator

February 28th, 2016

Came across this interesting query of managing recurring billing unless terminated by a startup venturing into supplying wellness products. They will begin shipping products to doctors & retailers in India a herbal concoction post signing annual contracts for monthly deliveries. Their need is to not have to manually initiate billing and invoicing. SMS based automation of quantity change etc.

Are there billing platforms that provide solutions to startups for automation of billing once set in the system for the month.

Betty Kayton Financial Consultant at uBiome

February 29th, 2016

check out recurly (www.recurly.com).  they specialize in recurring billing on credit cards and have a great revenue recovery system which helps find replacement credit cards (when cards expire) so you generally generate more revenue with recurly than if you did the billing yourself.  so the recurly service usually more than pays for itself

Oneder

February 28th, 2016

hi Nishant, 

We are working on such a platform for our bespoke clients, in stealth mode. It takes care of all aspects of billing and collections of one to many Billing & Collections. We finally plan to roll it out as a product. If you know of someone interested in this then, we'll be happy to offer. 

Wr.  

Jessica Alter Entrepreneur & Advisor

February 28th, 2016

Several good threads on this already, good to do a search before you post
Here are a few http://members.founderdating.com/discuss/575/Subscription-based-billing-SAAS-solution and http://members.founderdating.com/discuss/398/Solutions-for-recurring-payments

Nishant . Co-Founder LIFTOFF Ventures || Investor VYANA Scientific || Mentor & Strategic Ideator

February 29th, 2016

Thanks everyone for your inputs. Appreciate that...

Jessica: Within India some Central bank prohibitions restrict recursive billing thus the query needed entrepreneurial ideas.

Kushal: Lets connect to understand if theres a way out. Bill Desk seems to be the only one doing this but the process is manual

Recurly has limited india presence that too with Cybersource which does not have an India office.

Oneder

March 1st, 2016

hi Nishant. Sure please let know. Of what i understand the current product should cater to the requirement with a bit of customisation. 

Andrew Salzman Global Market Strategist I Outside Director I Accelerates Path from Strategy to Results

February 29th, 2016

Many exist, from Zuora to Aria Systems. Andrew Salzman Principal tel. 415-812-1925 I fax 650.745.0956 www.linkedin.com/in/salzman The Chasm Group LLC 1250 Bayhill, Suite 100 San Bruno CA 94066 http://www.chasmgroup.com

Brent Laminack Principal at OpenFace Systems, Inc.

February 29th, 2016

I used to work with OSTraining.com. They make their living selling subscriptions. Here's a link to their Lessons Learned after 5 years. It's all about the payment processor. tl;dr: Don't use PayPal, Use Recurly.