This type of software helps businesses plan and manage subscriptions and collect recurring payments from customers. These products are often used to bill customers automatically, to send and manage invoices and to store customer information and payment data for future use. More advanced software helps add new subscription plans, issue refunds and credits, manage upgrades, downgrades and cancellations, track transaction failures, notify customers about failed transactions and billing errors, generate coupon codes and offer discounts, support multiple payment methods and seamlessly integrates with other applications. Some important factors to consider when choosing SaaS & subscription management software include scalability, accessibility, and the vendor’s customer support system. Read full guide