Stax launches a new management of subscriptions and invoices

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ORLANDO, Florida, October 19, 2021 (GLOBE NEWSWIRE) – Today, Stax launches Stax Bill, an all-in-one subscription and billing platform designed for businesses. The cloud-based platform provides flexibility with robust financial management dashboards to monitor payment collection cycles and identify new growth opportunities.

Stax Bill simplifies subscription billing and invoice management by automating manual financial processes. It helps businesses improve accountability with clear and accurate books by eliminating the need to manually manage complex tasks. Additionally, the platform automates the dunning process to reduce customer churn and revenue leakage. Stax Bill provides increased payment accuracy and consistency during the payment collection cycle, enabling businesses to further maximize financial health and subscription growth.

“The personalization and advanced financial information provided by Stax Bill firmly separates it from other subscription and billing platforms available in the United States,” said Suneera Madhani, Founder and CEO of Stax. “Not only does the solution provide the metrics needed to drive growth, it’s also been proven effective in helping subscription businesses reduce the time spent on billing operations by approximately 80% so they can focus on what matters most. “

Stax Bill provides a unified experience that dramatically reduces the manual work required to efficiently manage payments for subscription model organizations and offers the following features:

  • All-in-one subscription and billing platform
    • Create a fully adaptable subscription pricing and payment experience with the ability to bill customers through a single platform, without the added cost of resources and labor
  • Invoicing and recurring payments
    • Reduce processing time by scheduling and automating recurring payments using the customer’s preferred payment method
  • Advanced financial analysis
    • Create the best pricing models for customers and identify new business growth opportunities with insights from real-time and historical financial data, recurring revenue and subscription reports
  • Customer activated payments
    • Give customers the ability to manage their own payment details, adjust subscription plans, view invoices and statements, and more through self-service portals

For more information on Stax Bill, visit fattmerchant.com/stax-bill.

About Stax:

Stax is one of the fastest growing fintech companies in the United States, recognized by US News and World Report, Inc., and Fortune for its radically simple payments technology. Stax (formerly Fattmerchant) empowers more than 25,000 small businesses, large enterprises and software platforms through the industry’s only all-in-one payment API. Stax’s platform offers businesses and SaaS platforms the ability to manage their payment ecosystem, analyze data, and simplify their customer experience with fully integrated solutions. With access to everything they need to transact seamlessly, the one-stop-shop enables businesses to go faster, think smarter, and make better business decisions with the power of payments. . Stax has generated over $ 12 billion in transactions and has expanded globally into international markets outside of the United States.

Media contact:
Sara wynne
Public relations outcry for Stax
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b7701e44-523d-4bcf-8639-9b7d2eff5e15


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