Digital Marketing

9 Best SaaS Billing Software You Can Try in 2024

To successfully operate a subscription-based business, you need a SaaS billing software solution. These software solutions keep your business running smoothly.

According to Global Market Insights, the subscription and billing management market is experiencing explosive growth. It is projected to reach a staggering $22.3 billion by 2032.

The 2023 value of $6 billion has quadrupled, indicating the growing demand for efficient SaaS billing software solutions.

Despite this growth, many businesses underestimate the complexity of SaaS billing. This results in operational inefficiencies and hinders scalability.

To determine which features to prioritize, you can experiment to find the right SaaS billing software.

In this post, we’ll discuss the 9 best SaaS billing software you can try in 2024. Our post will guide you to discover the right billing software for your business.

Let’s get started.

How We Choose The Best SaaS Billing Software

  • Features: When determining the best SaaS billing platform, we prioritize comprehensive capabilities. For instance, we prioritize automated invoicing, subscription management, customizable options, reporting tools, and compliance features.
  • Payment Methods: Our evaluation includes assessing the supported payment methods. We ensure the chosen SaaS billing software accommodates various options. This includes credit cards, debit cards, bank transfers, and digital wallets.
  • Cost Considerations: Considering diverse budget requirements, we evaluated each billing solution. We evaluated billing solutions that cater to solopreneurs, small businesses, and large enterprises. Our recommendations encompass SaaS billing solutions with free plans, affordable options, and advanced features for global business complexities.
  • User Reviews: Customer testimonials are crucial in our selection process. We analyzed feedback from reputable review platforms to gauge user satisfaction. Our feedback aims to understand real-world experiences with the software's capabilities.
  • Analytics and Reporting: We prioritize SaaS billing software with robust reporting and analytics tools. We emphasize the significance of data-driven decision-making. Our recommendations include platforms with interactive dashboards and customizable reports. These understand subscription metrics.
  • Security Measures: Security is paramount in our assessment. We ensured the selected SaaS billing software incorporated robust security protocols. We assessed the effectiveness of the security protocols in safeguarding client data against potential threats like hacking, data breaches, and identity theft.

Best SaaS Billing Software to Grow Your Business

Subscriptions are expanding at a 16% CAGR per year. As the subscription industry grows, so does the need for effective SaaS billing software.

The following is a summary of the best SaaS billing software solutions. Our comprehensive list will help you capitalize on the growth of this sector.

1. Chargebee

Image via Chargebee

Chargebee is a comprehensive SaaS billing software. It manages automated recurring billing, subscription management, and revenue analytics.

It’s certified as PCI Level 1 and has robust features. This includes customizable report generation, invoice, payment, and subscription management.

The platform is user-friendly and offers both free and paid subscriptions. This makes it suitable for businesses of all sizes.

Chargebee integrates with various SaaS applications, including SalesForce, accounting, and order fulfillment systems.

The platform's flexibility enables users to select the billing system that is most suitable for their business model. It lets users choose a billing system that fulfills their specific demands.

Unlike some Chargebee alternatives, the customer portal makes it easier for your customers to update their credentials and subscriptions.

You can manage online subscription sales, send personalized emails, and handle product shipments. On ChargeBee, you can create referral programs and track customer behavior all from a single platform.

Key Features

  • Automates recurring billing, e-invoicing, and email notifications. This enables effortless subscription management
  • Supports EU VAT and multiple currencies for global businesses
  • You can create and redeem coupon codes
  • Provides subscription management tools
  • Offline payment options
  • Automated dunning management for late payments
  • Integrates with 29+ payment gateways

Pros

  • The functionality is nice and appealing
  • Billing system is flexible
  • Billing reminder emails before and after billing
  • Seamless integration with other SaaS tools
  • Lets you organize and group subscriptions

Cons

  • No notification for failed payments

Pricing

  • Starter: Free
  • Performance: $599/ month
  • Enterprise: Custom Pricing

Image via Chargebee

Tool Level

  • Beginner

Usability

  • The tool is user-friendly and has a minimal learning curve.

Pro Tip: You can model your billing process on a test site. You can also use the test payment gateway to conduct trial transactions. These trial transactions help verify the functionality on a test site before transitioning to your live site.

2. Sage Intacct

Image via Sage Intacct

Sage Intacct is a versatile and scalable SaaS billing software. It provides thousands of businesses around the world with robust accounting tools.

It offers core applications like general ledger, accounts payable, accounts receivable, cash, and order management.

The software includes built-in dashboards, real-time reporting, and time and expense management. It also includes project accounting, revenue management, and global consolidations for multiple entities.

Sage Intacct features an open API structure. It integrates with CRM, payroll, POS, and ERP systems such as Salesforce and ADP.

Its goal is to provide organizations with visibility and agility for data-driven decisions. It steers them toward growth and recovery.

With Sage Intacct, you can produce customized customer invoices and set up payment reminders in seconds.

Sage Intacct enables digital transformation via integration with budgeting and planning. Its digital transformation extends to HR and people software and continuous accounting, trust, and insight.

Key Features

  • Frictionless billing with 500+ subscription billing scenarios
  • Advanced accounting software modules
  • Unified HR and Payroll module for faster processes and increased profitability
  • Centralized rules and intercompany accounting for efficient financial consolidation
  • Standard and customized user rights to deter fraud
  • Fully encrypted data that is managed securely
  • Tracks time spent on projects, accounts, or with clients

Pros

  • User-friendly
  • Integrates with other business-critical applications, such as CRM systems
  • Prioritizes data security and compliance
  • Streamline financial processes by automating tasks like accounts payable

Cons

  • Issues with Importing Data Files
  • Slow customer service

Pricing

  • Custom pricing

Tool Level

  • Beginner/Intermediate

Usability

  • Easy to use

Pro Tip: Sage Intacct has a bookmark feature that enables users to save their current activity and revisit it at a later time.

3. Stripe Billing

Image via Stripe

Stripe Billing subscription management software facilitates diverse billing methods. This includes recurring, usage-based and negotiated contracts, automating global revenue management workflows.

If you are looking for a user-friendly payment platform, Stripe Billing provides comparable global payment support. It offers more flexibility in pricing models and subscription management features.

Stripe Billing leans more towards a recurring billing platform. However, it provides sufficient functionality to serve as your primary billing/subscription platform, albeit at a fundamental level.

It is tailored for SaaS companies, and it supports common pricing models. It also supports automated invoicing, basic tax compliance, and churn prevention features like dunning.

Additionally, you can use integrated modular revenue and financial automation systems to streamline important business procedures. Stripe Billing provides tools that enable you to streamline these processes.

Key Features

  • Built-in tools that support any recurring business model
  • Automated invoicing and billing
  • Dunning management tools
  • Instant Payouts feature after a transaction
  • Flexible and comprehensive service package to meet the specific needs of your company
  • Email reminders for missed payments

Pros

  • It is easy to set up
  • Integrates easily with off-the-shelf systems like WordPress
  • Creating reports can be clunky
  • The user interface is very straightforward and easy to navigate

Cons

  • The user interface is lacking

Pricing

  • Integrated: 2.9% + $0.30 transaction fees
  • Customized:  Custom Price

Image via Stripe

Tool Level

  • Intermediate

Usability

  • Relatively easy to use

Pro Tip: Stripe allows you to provide a detailed cost breakdown. You can provide quotations to assist your clients in making informed selections.

4. Recurly

Image via Recurly

Recurly is an excellent SaaS billing software for subscription-based businesses seeking to expand their operations.

It’s a comprehensive subscription management solution. Subscription billing is just one of its many features.

Compared to other subscription management software, the platform is easy to use. Its automated features make it a top choice for managing subscriptions and recurring revenue.

The user interface is straightforward and user-friendly. You can easily access all the tools required for efficient subscription management.

The integrated fraud detection system is one of Recurly’s standout feature. It protects your business from fraudulent transactions.

Key Features

  • Compatible with 10+ payment methods
  • Supports transactions in 140+ currencies
  • 20+ prebuilt reports and dashboards
  • Flexible pricing models
  • Automated and manual billing and invoicing

Pros

  • It’s simple to set up a customer account and invoicing process
  • You can effortlessly manage client billing information
  • Great and responsive customer support

Cons

  • Sessions time out quickly after short inactivity period
  • Tricky to set up, apply, and un-apply coupons for subscribers

Pricing

  • Starter: Free for first 12 months for new customers (up to $40,000 USD per month), then $249/month
  • Professional: Custom pricing
  • Elite: Custom pricing

Image via Recurly

Tool Level

  • Intermediate/Advanced

Usability

  • The learning curve for the interface is steep.

Pro Tip: You can easily pause client subscriptions to go on vacation. You can also postpone your next service.

5. Maxio (formerly SaaSOptics and Chargify)

Image via Maxio

Maxio is a SaaS billing software specifically for business-to-business SaaS companies that use event-based pricing. Maxio automates every aspect of the subscription lifecycle, no matter how complicated your demands are.

Maxio allows you to develop detailed, usage-based pricing plans that charge customers for important events. For instance, you can bill customers for conversions in ecommerce software.

The idea is to pinpoint metrics that provide value to the intended customers and then charge for significant business actions.

For example, you can create billing rules for event triggers if automation is critical. This ensures that charges are based on actual usage rather than just created workflows.

It also provides a precise approach to managing usage-based pricing. It improves product value communication and makes price points more obvious.

Its standout feature is the events-based billing system. It supports B2B SaaS companies executing action-focused usage-based pricing.

However, Maxio isn't limited to event-based billing. It accommodates various subscription models, such as freemium plans, free trials, one-time fees, monthly subscriptions, and major SaaS pricing strategies.

This flexibility allows for the testing of different pricing models. You can also develop distinct strategies for different customer profiles or usage-based add-ons.

Key Features

  • Integration with QuickBooks and Xero
  • Subscription analytics and insights
  • Revenue retention and dunning
  • Subscription relationship management
  • Recurring billing
  • Payment gateways
  • CRM and ERP integrations

Pros

  • It works seamlessly with CRM and accounting software
  • You can easily create multiple price points
  • API lets you build site-specific forms
  • It is easy to automate and track invoices

Cons

  • It is a complex system

Pricing

  • Base: $5000/ year
  • Custom: Custom Pricing

Image via Maxio

Tool Level

  • Intermediate/Advanced

Usability

  • Steep learning curve

Pro Tip: You can integrate Keen, an event streaming platform, with Maxio. The integration gives Maxio users instant access to all of their Keen data.

6. Salesforce Revenue Cloud

Image via Salesforce Revenue Cloud

Salesforce Revenue Cloud, formerly Salesforce CPQ or SteelBrick, is developed on the Salesforce Platform and Salesforce1 Mobile App.

It empowers users to swiftly create accurate sales quotes and submit error-free orders from any device.

It is designed for small, midsize, and enterprise organizations focusing on sales goals and customer support. Salesforce CPQ aids in configuring complex deals, streamlining quoting approvals, ensuring sales compliance, and more.

It includes proposal and quote generation features, and image-based product selection.  Salesforce Revenue Cloud is accessible on mobile devices.

In contrast to other Salesforce alternatives, it offers additional solutions for sales management, marketing automation, partner relationship management, and customer service.

Salesforce CPQ is hosted on the Sales Cloud platform. The platform provides user-friendly software that’s accessible from any device.

It simplifies bidding, contracting, and ordering processes. It also enhances sales productivity and helps close more businesses without leaving Salesforce.

This shared data approach expedites product launches. It also allows quicker iterations without cumbersome integrations.

Key Features

  • Automates billing for enhanced customer experience
  • Payment processing integrates with various financial systems
  • Compliant revenue recognition tools that meet standards
  • Secure systems for online transactions

Pros

  • Automation is fairly easy
  • Helps in nurturing of the leads

Cons

  • Implementation is a bit complex

Pricing

  • Starter Suite: $25/ month
  • Professional: $80
  • Enterprise: $165
  • Unlimited: $330
  • Unlimited+: $500

Image via Salesforce Revenue Cloud

Tool Level

  • Intermediate

Usability

  • Easy to use

Pro Tip: For a deeper insight into your invoicing process, consider tracking key metrics. This includes average payment time, late payment percentage, and total outstanding invoices.

7. Square Invoices

Image via Square Invoices

Square Invoices is part of Square's comprehensive point-of-sale (POS) tool. This includes payment processing and features such as a virtual terminal, online site creation, payment acceptance, and team management.

It’s designed for businesses already using Square payment processing. It provides a free solution for sending invoices and receiving payments.

Creating an invoice is simple with Square Invoices. Choose the customer, enter basic details, and determine the delivery time.

You can opt for immediate or scheduled delivery by adjusting the payment due dates.

The platform accommodates one-time or recurring invoices. It offers flexibility in repetition intervals and due dates. You can also store customer credit card information for automatic charges.

Payment forms accepted include credit/debit cards (2.9% + $0.30 per transaction), ACH bank transfers (1% fee), or customer-bought gift cards.

Users can set up payment options, accept tips, and send invoices via email, phone, or manual channels. Attachments, such as detailed service breakdowns, can help streamline the invoice communication process.

Square Invoices integrates seamlessly with Square's full suite of tools. This makes it an adaptable option for businesses seeking efficient payment processing and comprehensive accounting features.

Key Features

  • Contract management platform
  • Billing automation
  • Revenue recognition
  • Recurring invoices and batch invoices
  • Integration financial management software
  • Collects different payment types
  • Unlimited invoice, estimate and contract creation
  • Autoconversion of estimates to invoices
  • Full invoice design and field customization
  • Milestone-based payment schedules
  • Invoice tracking and management

Pros

  • User-friendly interface
  • Convenient payment process

Cons

  • There are limited customization options
  • The reports section can be difficult to navigate
  • Lack of intuitiveness

Pricing

  • Free: $0
  • Plus: $29/ month
  • Premium: Custom Pricing

Image via Square Invoices

Tool Level

  • Beginner

Usability

  • Easy to use

Pro Tip: You can use Invoices Plus to simplify the process of generating invoices for each purchase. Invoices Plus is a comprehensive business tool that allows you to easily create and manage invoices within Square.

8. Paddle

Image via Paddle

Paddle serves as the all-in-one revenue delivery platform for SaaS companies looking to expand globally.

It streamlines subscription models on your website, including all stages of the software payment process. Paddle's comprehensive offering saves time and alleviates concerns regarding tax compliance.

Paddle is the go-to solution if you need a robust platform to maximize profit and global growth.

The end-to-end subscription management provides tools for implementing billing models. It also provides tools for testing pricing strategies, creating upgrade flows, and managing existing customers.

Furthermore, Paddle simplifies delivery and management at every level. It accommodates complex pricing strategies.

It lets you set up tiered pricing plans for diverse customer profiles. You can also create flexible enterprise pricing with customizable quotes based on needs and usage.

Paddle's standout support feature is its managed compliance service, Paddle Comply. It handles global tax, payment, and data compliance, allowing you to focus on business growth without regulatory concerns.

Key Features

  • Global tax compliance
  • Fraud protection features
  • Multiple payment options
  • Supports multiple currencies
  • Advanced automatic dunning features
  • Flexible invoicing workflow
  • Paddle supports hybrid billing

Pros

  • Easy to implement
  • Excellent customer support
  • Transparent VAT navigation

Cons

  • Confusing user interface

Pricing

  • Custom pricing

Tool Level

  • Beginner/Intermediate

Usability

  • Adjusting to it could take a while

Pro Tip: You can easily compare your business to 40,000 other SaaS subscription companies. You can use the robust benchmarking and segmentation tools of ProfitWell Metrics by Paddle for comparison.

9. Recharge

Image via Recharge

Recharge is an ecommerce subscription and recurring payment platform. It lets users quickly activate subscription offers and establish membership plans in minutes.

The setup process is easy, thanks to seamless integration with existing technology and popular payment processors.

With Recharge, selling subscription products is effortless. It requires no extensive modifications or professional assistance.

The platform accepts payments from various modes and platforms. It provides flexibility for sellers and convenience for customers.

Users can offer flexible options, like delaying or skipping deliveries. You can also test new products, reduce customer turnover, and foster brand loyalty.

The platform provides practical insights to respond to client demands in real time. It has robust interfaces for efficient task completion.

Key Features

  • Integration with QuickBooks Online Edition
  • Usage tracking
  • Merchant admin portal
  • Billing automation
  • Payment processor support
  • Recurring billing engine
  • Revenue recognition

Pros

  • Easy subscription management
  • Great customer support
  • Intuitive user interface

Cons

  • Difficult to work with at times
  • Support can be slow and unaccommodating

Pricing

  • Standard: $99/ month
  • Pro: $499/ month
  • Custom: Tailored pricing

Image via Recharge

Tool Level

  • Intermediate/Advanced

Usability

  • It takes a while to get used to the interface

Pro Tip: You can remove accounts for staff members from Recharge if they were manually created.

FAQs

Q1. What is SaaS billing software?

A. SaaS billing software automates subscription management, invoicing, and payment processes for businesses using Software as a Service models.

Q2. What is the best SaaS billing software?

A. The best SaaS billing software includes:

  • Chargebee
  • Sage Intacct
  • Stripe Billing
  • Billsby
  • Maxio
  • Salesforce Revenue Cloud
  • Square Invoices
  • Paddle
  • Recharge

Q3. What is the best payment system for SaaS?

A. Reliable payment systems for SaaS include Stripe, PayPal, and Braintree. They are known for seamless transactions and security.

Q4. What is the best program to create invoices?

A. Leading e-invoicing software includes tools like Bill.com, AvidXchange, and Coupa. They streamline electronic invoice processes.

Q5. What is subscription billing software?

A. Subscription billing software manages recurring payments, and automates invoicing. It also manages subscription-related tasks for businesses with subscription models.

Conclusion

When searching for the best SaaS billing software, it's not advisable to prioritize a universal solution.

Instead, look for a software solution that seamlessly integrates with your existing tools. Look for one that automates repetitive tasks, and empowers you with data-driven insights.

Prioritize features essential to your unique billing needs and future growth. Avoid the trap of feature overload.

Following this guide and conducting diligent research will help you transform billing from a chore to a catalyst for success.

Still feeling overwhelmed by the options?

Don't hesitate to reach out! Share your specific business needs and challenges, and we'll be happy to guide you towards the perfect billing software fit.

Gaurav Sharma

Gaurav Sharma is the Founder and CEO of Attrock, a results-driven digital marketing company. Grew an agency from 5-figure to 7-figure revenue in just two years | 10X leads | 2.8X conversions | 300K organic monthly traffic | 5K keywords on page 1. He also contributes to top publications like HuffPost, Adweek, Business2Community, TechCrunch, and more.

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