Subscription Management 1.0 and 2.0
Cleverbridge offers two types of subscription management:
Subscription Management portal
Empower your customers with more self-service functionality using the latest Subscription Management Portal. In this portal, customers can manage subscriptions, payments, and contact details, reducing the workload of your customer support team. Customers can access the portal using the link provided in the Cleverbridge subscription email communication.
Renew subscriptions
About subscription renewals and payment reminders
Renewal automation
An automated renewal process reduces churn for lower-value orders, while simultaneously lowering costs. If your sales team has been manually managing your subscription renewals, you can shift this responsibility to Cleverbridge so that your sales team can tackle higher-value selling opportunities. To learn more about renewal automation, watch the following video:
Upgrade subscriptions
Offering customers the flexibility to switch between subscription plans and enhance their subscription capabilities is a strategic approach that can boost your revenue growth and drive your customer lifetime value (CLV).
Change subscription properties
The Cleverbridge platform supports different ways to update subscription properties. The components of the Cleverbridge platform that support property changes, along with the property-change use cases that they support, are identified below.
Cancel subscription-metrics
The Cleverbridge platform supports subscription cancellation, reactivation, and customer winback scenarios. The components of the Cleverbridge platform that support these functions, along with the relevant use cases that they support, are identified below.
Apply usage-based bill for subscriptions
The Cleverbridge platform supports usage-based billing and ensures that all usage-based bills are synced with client-hosted applications that calculate usage.
Create payment schedules
Payment schedules allow you to separate subscription and billing intervals within the Cleverbridge platform. This means that you can split an invoice total amount into multiple payments with different due dates for your customers, providing greater billing flexibility. This feature helps optimize the cash flow for B2B customers, enabling them to pay for your products in smaller installments instead of a lump sum upfront.
Create quotes
A quote is a document issued from a business, like yours, to customers—primarily businesses—that outlines the price of a sale before a purchase agreement. Quotes can be used for price negotiations with the customers.