Stax launches a new platform for managing subscriptions and invoices Stax Bill


Stax launches a new platform for managing subscriptions and invoices Stax Bill

By Edlyn Cardoza

20 October 2021

  • Billing
  • invoice management
  • Stax

Recently, Stax launched 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, allowing 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 has 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 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 manual 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

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