Top SaaS Billing & Invoicing Software For Process Automation
Tanya Mishra
Content Writer - ReVerb
03.04.2023
According to a report, the global subscription billing management market is expected to reach $7.8 billion by 2025, at an expected CAGR of 14%.
You know how troublesome billing and invoicing can get at times. And worrying about billing cycles must be the last thing for a SaaS (Software-as-a-Service) company concerned about many other business aspects. Therefore, introducing a proven online SaaS billing platform to handle payments will significantly ease your life.
SaaS billing software is a specialized tool for modernizing the billing and invoicing processes for businesses that mainly provide services on a subscription model. Such platforms help companies carry out payments automatically, thus, saving both time and money for all parties. They also assist in managing and tracking individual customer/account billing data – making it easier for organizations to provide personalized offers to clients. What’s more, payment reminders can be sent automatically through the features like dunning tools and integrations.
With hundreds of new programs entering the online billing market, choosing the best-fit SaaS billing software that aligns with your company’s requirements might become difficult.
To help you with your search, we have compiled a list of some of the top SaaS billing software present in the market, highlighting their key features, use cases, and pricing.
The Best Subscription Management & Recurring Billing Software For SaaS Businesses
Top on our list, Zoho Subscriptions is one of the best SaaS billing software available in the market. The platform offers seamless recurring billing and subscription management system based on the automated mechanism.
Key features:
Customizable pricing plans with add-ons and coupons
Automated proration
Customizable billing plans
Automatic payment reminders
40+ SaaS metrics for business health
Multi-currency payment support
400+ integrations
Pricing:
Zoho Subscription offers 5 plans:
Free: The plan is free for one user and up to 20 subscriptions.
Basic ($49/organization/month): It is limited to 500 customers and 3 users.
Standard ($99/organization/month): It is limited to 2000 customers and 5 users.
Professional ($249/organization/month): It is limited to 5000 customers and 10 users.
Enterprise: Contact them today to get a custom quote.
Chargebee is a leading subscription management software for SaaS companies covering their customer lifecycle. Apart from billing and invoicing, it’s a popular choice for accounting and tax management tasks.
Key features:
SOC1 & SOC2 compliant
30+ payment gateways
Multiple payment methods
Invoice automation
Quote-to-cash
SaaS reporting & analytics
Dunning support
Pricing management
Supports developer libraries: .NET, Ruby, Python, PHP, Java, etc.
Pricing:
Launch: Free for the first $100k revenue. If exceeds 0.5% of overage revenue + $99/month.
Rise ($249/month): Limited to $600k/year and 0.6% of overage revenue.
Scale ($549/month): Limited to $1.2M/year and 0.75% of overage revenue.
Enterprise: This plan involves custom pricing. Contact them to get details.
Stripe Billing is a top enterprise billing software used by all types of businesses, including SaaS. The platform offers hassle-free recurring billing and subscription management services with a wide variety of payment options. An exclusive Stripe Billing API allows developers to integrate CRMs, mobile apps, and much more to carry out billings effectively.
Key features:
Customizable billing models
Pre-built multi-language invoices
Automatic proration
Subscription scheduler and payment reminder
135+ currencies support
Revenue recovery tools to reduce churn
Pricing:
Starter: 0.5% on recurring payments.
Scale: 0.8% on recurring as well as one-time invoice payments.
Having helped over 100,000 small business owners with invoicing, Zintego is the go-to service for seamless invoice management, complemented by tools like a free online invoice receipts maker. Ideal for freelancers and creatives, Zintego helps companies and individuals manage their business, time, and finances more effectively and improve their performance. It stands out as the easiest and most effective tool for invoicing, saving you time, helping you receive payments faster, and allowing you to customize your invoices and estimates.
Zintego’s system notifies you when your invoices are delivered and when they’re opened again. Furthermore, the service automatically generates monthly and yearly income reports. These features can pinpoint your top clients and most profitable periods, enhancing client communication and preparing for seasonal business fluctuations.
Trusted across numerous industries, Zintego offers just the necessary tools for handling your business billing effectively, ensuring you spend less time on paperwork and more on growing your business.
Monite is a top ap automation software that lets neobanks, vertical & fintech SaaS platforms embed finance workflows like invoicing, billing, expense management, and accounting for their clients in just 4 weeks.
With its API-first approach, Monite revolutionizes the way of handling invoices, quotes and credit notes, purchase orders, and payment processing, empowering businesses to streamline their financial operations effortlessly.
Key features:
Cutting-edge Accounts Payable solution allowing business clients to — Create and issue purchase orders — Submit invoices to the system either via mail forwarding or with the direct upload — Extract relevant information using invoice OCR algorithms — Create Approval Workflows to automate the approval process — Optimize payments by getting insights about when an invoice needs to be paid — Pay invoices with the preferred method of payment using Payment Rails — Integrate the existing accounting system
Fully automated Accounts Receivable solution enabling business clients to — Create and issue quotes — Enable customers to accept/reject a quote — Create and issue invoices and credit notes — Leave the burden of regulatory compliance — Use the preferred payment methods with Payment Rails — Automate payment reminders, overdue reminders, and dunning notes — Seamlessly integrate the existing accounting solution
Pricing model: Monite operates on an on-demand pricing model, allowing neobanks and SaaS platforms to pay based on their usage. Monite’s approach to pricing ensures cost-effectiveness, enabling businesses to align expenses with their needs and optimize their budgets.
Scoro is a widely used SaaS invoicing and subscription management platform that helps businesses automate billings and compile attractive invoices. The tool helps companies reduce time and cost by eliminating routine tasks and setting prepayment invoices as well as late payment reminders.
Key features:
Automatic reminders
Detailed financial overview
Partial invoicing facility
Revenue forecasting
1000+ integrations
Project’s profitability tracking with WIP (Work In Progress) reports
Pricing:
Scoro offers a 14-day free trial plan for its services. However, after that you need to go with one of these paid plans:
Essential: This plan costs $26 per user/month and is limited to a minimum of 5 users.
Standard: This plan costs $37 per user/month and is limited to a minimum of 5 users.
Pro: This plan costs $63 per user/month and is limited to a minimum of 5 users.
Uktimate: Contact them today to get pricing details.
Maxio (previously Chargify and SaaSOptics) is one of the top invoicing software that empowers B2B SaaS companies to manage billing and invoicing operations. The platform bridges the gap between clients’ sales and marketing processes with cutting-edge billing solutions. It also helps companies operationalize their strategies and understand their customer base better.
Key features:
Billing & subscription management
Customer lifecycle automation
CRM integrations
Customizable pricing model
Dunning tools
GAAP and IFRS-compliant expense amortization
Personalized invoicing
Analytics & reports
Pricing:
Essentials ($599/month): The plan is limited up to $1M/annually.
Growth: This plan offers custom pricing. Contact them to get details.
Scale: Contact sales to get a plan according to your needs.
Take your SaaS startup to new heights with one of the best subscription billing software, Zuora. It’s the top choice for over 1000 companies, including big names like Zoom, Honeywell, Siemens Healthineers, and much more. The tool helps to retain customers and reduce churn with its fantastic set of features.
Key features:
Subscription management
Recurring billing and payments
Revenue management
50+ pricing models with discount and coupons facilities
SDKs and API integration facility
Automated revenue recognition
Revenue forecasting
Pricing:
Zuora offers an on-demand pricing model. Contact their sales team for a tailored plan that suits your needs and budget.
Billsby is globally recognized as the best invoicing software for small and mid-range SaaS businesses. It’s one of the most powerful and easy-to-integrate subscription billing software available out there. From powerful invoices to advanced reports, the platform provides all sorts of services that a growing business may need.
Key features:
Advanced billing options
Integrated checkout
Integration with top apps like Zapier, Mailchimp, Pipedrive, etc.
Retention and promotion tools
Add-ons and allowances
Coupon codes and discounts
Sales tax and compliance facility
Reports and dashboards
Invoicing and emails
Pricing:
Billsby offers two plans on board:
Core ($35/month): This plan offers up to $15000/per monthly revenue and an additional 0.4% on exceeding revenue.
DealHub is a popular sales management and billing platform designed to help businesses maximize revenue with efficient subscription management techniques. It also empowers teams to set up invoicing and billing schedules and manage customer lifecycle.
Key features:
Seamless customer amendments
Overdue reminders
Consolidated reports & analytics
Integrations with CRMs and ERPs
Automated quote-to-revenue flow
CPQ (Configure Price Quote) and CLM (Contract Lifecycle Management) facility
Pricing:
DealHub offers on-demand pricing depending on your business’s size and requirements. Contact their sales to get a custom quote.
Paddle is the best invoicing software used by B2B and B2C SaaS companies across the globe for complex billing and invoicing operations. With its top-of-the-line revenue and tax management system, it has helped over 3000+ businesses save and remit over 111+ million in taxes.
Key features:
Subscription billing & custom checkout
B2B invoicing
Global tax & compliance
Fraud protection
Churn reduction and dunning tools
Integrations with CRMs & ERPs
Reporting & analytics tools
Multiple payment options
Pricing:
Paddle offers two pricing models:
Pay-as-you-go: 5% + 50 cents for each transaction.
Based on ROI assessment: This custom pricing model provides tailored plans according to company size and requirements.
Recurly, as the name says, is one of the best software for recurring billing. In addition, this automatic billing software provides subscription management and churn management services. Top brands like Sprout Social, TIME, LiveChat, and numerous other prominent names trust Recurly.
Key features:
Multi-subscription support & lifecycle communication
Multiple payment gateways
Fraud management
Invoice & receipt customization
Dunning campaigns
Revenue forecasting
Reports & dashboards
Pricing:
Core: Newly launched in 2023, this is a free-of-cost plan for users getting started. It offers the first $40k/month free for 12 months.
Professional: Contact them today for more pricing and billing requirements to get a custom plan.
Elite: Enjoy enterprise-grade features and support with this top-tier plan. Contact them today to get a quote.
Refrens, a cloud-based billing and invoicing software, facilitates a range of financial tasks like accounting, expense tracking, and financial reporting. With its user-friendly interface and secure cloud storage, Refrens caters to businesses of all scales. Its advantages include scalability, automation, and simplicity, making it an ideal choice for businesses seeking accessible and cost-effective invoicing software.
Key Features:
Rapid Invoice Generation
Seamless Expense Monitoring
Informative Financial Reports
Safe Data Storage
24/7 Customer Assistance
Tailored Invoice customization
Multi-Currency Compatibility
Automated Invoice Scheduling
Facilitates timely payments
Easy Accounting
Price of Refrens
Free Plan: free plan for small businesses to create up to 50 documents/year
Premium Plan: Pricing starts from as low as ₹100/month or $2.5/month depending on the number of users & features.
Invoicera is a renowned invoicing software preferred by all types of businesses, freelancers, and entrepreneurs for smooth billing and invoicing management. Through its vast list of features and easy-to-use interface, Invoicera has helped more than 4 million businesses increase their cash flow and better control their finances.
Invoicera distinguishes itself with its many customization options that enable you to configure the software in a way that fits your business needs and workflows properly.
Key features:
Customizable invoice templates
Online invoicing and payment acceptance
Recurring invoices and auto-billing
Time tracking and expense management
Multi-currency and multi-language support
Client portal and collaboration tools
Tax calculations and compliance
Inventory management
Reporting and analytics
Mobile app for on-the-go invoicing
Integrations with CRMs & ERPs
Pricing:
The ‘Infinite’ plan offers everything unlimited at $149/month.
The most popular ‘Enterprise’ plan costs $79/month.
Small and medium-sized businesses can choose a ‘Business’ plan at $49/month.
The ‘Starter’ plan is for startups or very small businesses at $19/month.
Invoicera also offers custom pricing for larger businesses and enterprises tailored to their specific requirements and transaction volumes.
Field Promax is a field service platform with strong billing and invoicing built in. It helps service teams create estimates, convert them to invoices, take payments on site, and sync everything to accounting without extra steps. Ideal for contractors who want faster cash flow and fewer manual updates.
Key features:
Mobile invoicing and card payments
Convert approved estimates to invoices in one step
Custom pricing and predefined products for consistent billing
Customer history, signatures, and photo attachments on every job
QuickBooks Online and Desktop integration
Time tracking and GPS to keep invoices accurate
Pricing:
Light: $99/month, 1 user
Standard: $159/month, 5 users
Premium: $239/month, 12 users, add users at $25 each
Cleeng is a specialized Subscriber Retention Management platform designed specifically for D2C digital subscriptions. Unlike generalist billing tools, Cleeng focuses on the unique needs of broadcasters, OTT platforms, sports streaming services, and content creators.
While it is best known for its robust subscriber management system, Cleeng also offers a Merchant of Record (MoR) service. It acts as a Merchant of Record (MoR), meaning it handles not just the technical side of billing but also the legal and financial complexities of global tax compliance, fraud protection, and chargebacks. For SaaS businesses in the video or digital content space looking to scale globally without the headache of local compliance, Cleeng is a top-tier solution.
Key features:
Merchant of Record (MoR): Handles global sales tax, VAT, and compliance automatically.
Video-Specific Monetization: Supports recurring subscriptions, pay-per-view (PPV), and season passes.
ChurnIQ: AI-powered analytics to predict subscriber churn and improve retention.
Multi-currency & Language: Seamless checkout experiences localized for global audiences.
Customer Care: Integrated tools to manage subscriber support tickets efficiently.
Pricing:
Cleeng offers a highly competitive usage-based model designed to help startups and scaling platforms grow without upfront costs.
Pro: Cleeng Pro is free for the first 10,000 subscribers.
Growth: Once you exceed 10,000 subscribers, pricing shifts to a per-subscriber monthly fee (starting around $0.39/subscriber).
Enterprise: For high-volume broadcasters, custom pricing packages are available.
Conclusion
The right SaaS billing and invoice processing system can define the altitude of your business’s success, deciding whether you will burn or make money. While every billing platform has its USP (Unique Selling Proposition), choose the most suitable software based on your company’s requirements, considering the necessary scope of scalability.
We hope this list comprising some of the top SaaS billing solutions helps you make the right choice.
If you want to feature your SaaS billing software in this list, email us with the product details. After a quick assessment, we’ll decide whether it’s a valuable addition.
