5 SaaS Billing Platforms to Streamline B2B SaaS Financial Management

When it comes to running a B2B SaaS business, you’ll find you’re juggling recurring subscriptions, multiple pricing models, chasing payments and compliance rules. It’s a lot to keep track of, and managing it all manually opens you up to errors, missed invoices or delayed payment.

Thankfully, the best B2B SaaS billing tools can handle most of these functions on your behalf. They help you save time, reduce mistakes and maintain a steady and predictable cash flow.

In this guide, I’ll be breaking down what to consider when deciding on a great SaaS billing platform, as well as giving you an overview of the best options.

Features͏͏ to͏͏ Look͏͏ for͏͏ in͏͏ B2B͏͏ SaaS͏͏ Billing͏͏ Platforms͏͏

According to͏͏ Attrock, the͏͏ right B2B SaaS billing solution should be easy to use, support multiple payment methods, and automate several financial operations.

Here’s what to consider when selecting one:

Multi-Pricing͏͏ and͏͏ Billing͏͏ Models:͏

You need a platform that can accommodate usage-based, tiered or mixed pricing models. A good billing platform will also allow you to easily modify pricing in accordance with changes to your business or customer requirements.

Automated Invoicing and Billing Workflows

A good billing software will automate tasks such as creating and sending invoices. This not only saves you time, but also eliminates human error, and ensures that your clients will receive accurate and timely bills.

Subscription͏͏ Lifecycle͏͏ Management:͏

From the moment a customer signs up to when they renew or cancel, managing subscriptions should be smooth and simple. The best SaaS tools automatically track every stage so you always know where each account stands.

Revenue Recognition and Accounting Compliance

Accurately recognizing revenue helps you comply with accounting standards like ASC 606. Your billing software should match income with billing cycles automatically, keeping your financial records clean and organized.

Integration͏͏ Capabilities:͏

Your͏͏ billing͏͏ tool should͏͏ connect͏͏ smoothly with͏͏ your͏͏ CRM,͏͏ ERP,͏͏ or͏͏ accounting͏͏ software.͏͏ When everything works together, you avoid manual data entry and keep all your financial information in one place.

5͏͏ B2B͏͏ SaaS͏͏ Billing͏͏ Platforms͏͏ for Financial͏͏ Management

With͏͏ countless͏͏ B2B͏͏ SaaS͏͏ tools͏͏ promising͏͏ excellent͏͏ results,͏͏ it͏͏ can͏͏ be͏͏ tricky͏͏ to͏͏ make͏͏ the͏͏ right͏͏ choice.͏͏ That’s͏͏ why͏͏ we’ve͏͏ curated͏͏ a͏͏ list͏͏ of͏͏ the͏͏ top͏͏ B2B͏͏ SaaS͏͏ billing͏͏ platforms͏͏ below͏͏ to͏͏ help͏͏ you͏͏ make͏͏ the͏͏ right͏͏ selection.͏͏

1.͏͏ Younium͏͏

Younium͏͏ is͏͏ a͏͏ dedicated͏͏ subscription͏͏ management͏͏ and͏͏ billing͏͏ platform͏͏ built͏͏ especially͏͏ for͏͏ B2B͏͏ SaaS͏͏ companies.͏͏ It’s͏͏ particularly͏͏ ideal͏͏ for͏͏ businesses͏͏ dealing͏͏ with͏͏ complex͏͏ contracts,͏͏ mixed͏͏ pricing͏͏ models,͏͏ multiple͏͏ legal͏͏ entities,͏͏ and͏͏ high-volume͏͏ billing.

It’s an allin-one tool that helps͏͏ B2B͏͏ SaaS͏͏ companies͏͏ streamline͏͏ financial͏͏ operations͏͏ and͏͏ gain͏͏ full͏͏ visibility͏͏ into͏͏ recurring͏͏ revenue.

It͏͏ centralizes͏͏ billing,͏͏ invoicing,͏͏ and͏͏ subscription͏͏ data͏͏ so͏͏ your͏͏ finance͏͏ team͏͏ can͏͏ manage͏͏ everything͏͏ in͏͏ one͏͏ place.

Key͏͏ Features͏͏

• Handles͏͏ complex͏͏ B2B͏͏ subscription͏͏ models,͏͏ including͏͏ multi-year͏͏ contracts,͏͏ mid-term͏͏ changes,͏͏ and͏͏ tiered͏͏ or͏͏ usage-based͏͏ pricing
• Creates͏͏ and͏͏ sends͏͏ invoices͏͏ automatically,͏͏ ensuring͏͏ timely͏͏ payments
• Automatically͏͏ generates͏͏ revenue͏͏ recognition͏͏ schedules͏͏ in͏͏ compliance͏͏ with͏͏ accounting͏͏ standards
• Offers͏͏ multi-entity͏͏ and͏͏ multi-currency͏͏ support
• Connects͏͏ seamlessly͏͏ with͏͏ CRM,͏͏ ERP,͏͏ and͏͏ accounting͏͏ systems
• Provides͏͏ easy-to-read͏͏ reports͏͏ and͏͏ dashboards͏͏ on͏͏ key͏͏ B2B͏͏ SaaS͏͏ KPIs

Pros͏͏

• Perfect͏͏ for͏͏ B2B͏͏ SaaS͏͏ businesses͏͏ with͏͏ complex͏͏ billing͏͏ needs
• Reduces͏͏ manual͏͏ financial͏͏ processes͏͏ and͏͏ errors͏͏ through͏͏ automation
• Offers͏͏ strong͏͏ compliance͏͏ and͏͏ reporting͏͏ capabilities

Cons͏͏

• May͏͏ be͏͏ too͏͏ complex͏͏ for͏͏ businesses͏͏ with͏͏ simple͏͏ billing needs

Pricing

Younium͏͏ offers͏͏ custom͏͏ pricing͏͏ based͏͏ on͏͏ your͏͏ company’s͏͏ size͏͏ and͏͏ contract͏͏ complexity.

2.͏͏ Stripe͏͏ Billing

If͏͏ you͏͏ already͏͏ use͏͏ Stripe͏͏ to͏͏ process͏͏ payments,͏͏ Stripe͏͏ Billing͏͏ is͏͏ a͏͏ convenient͏͏ solution͏͏ you͏͏ can͏͏ use͏͏ to͏͏ automate͏͏ and͏͏ manage͏͏ recurring͏͏ revenue͏͏ and͏͏ subscriptions.͏͏

It͏͏ also͏͏ helps͏͏ you͏͏ easily͏͏ manage͏͏ invoices,͏͏ coupons,͏͏ payment͏͏ methods,͏͏ and͏͏ proration,͏͏ right͏͏ within͏͏ the͏͏ unified͏͏ Stripe͏͏ platform.

Key͏͏ Features͏͏

• Supports͏͏ recurring,͏͏ usage-based,͏͏ tiered,͏͏ and͏͏ hybrid͏͏ pricing͏͏ models͏͏ to͏͏ fit͏͏ different͏͏ customer͏͏ contracts
• Automatically͏͏ generates͏͏ and͏͏ sends͏͏ invoices,͏͏ complete͏͏ with͏͏ tax͏͏ calculations͏͏ and͏͏ payment͏͏ reminders
• Uses͏͏ automatic͏͏ card͏͏ updates͏͏ and͏͏ retry͏͏ logic͏͏ to͏͏ recover͏͏ failed͏͏ payments͏͏ efficiently
• Handles͏͏ mid-cycle͏͏ upgrades,͏͏ downgrades,͏͏ and͏͏ custom͏͏ discounts͏͏ seamlessly

Pros͏͏

• Easy͏͏ to͏͏ set͏͏ up͏͏ if͏͏ you͏͏ already͏͏ use͏͏ Stripe͏͏ for͏͏ payments
• Highly͏͏ scalable͏͏ for͏͏ growing͏͏ B2B͏͏ SaaS͏͏ businesses
• Supports͏͏ international͏͏ transactions

Cons͏͏

• Some͏͏ advanced͏͏ features͏͏ may require͏͏ you to use API

Pricing

Stripe͏͏ Billing͏͏ offers͏͏ the͏͏ following͏͏ pricing͏͏ options:͏͏

• Pay͏͏ as͏͏ you͏͏ go:͏͏ 0.7%͏͏ of͏͏ your͏͏ billing͏͏ volume
• Pay͏͏ Monthly:͏͏ Pricing͏͏ starts͏͏ at͏͏ $620͏͏ per͏͏ month/billed͏͏ annually
• Custom͏͏ Pricing:͏͏ Contact͏͏ sales͏͏ for͏͏ a͏͏ custom͏͏ quote

3. Recurly

Recurly͏͏ is͏͏ a͏͏ full-service͏͏ subscription͏͏ management͏͏ and͏͏ recurring͏͏ billing͏͏ platform,͏͏ that can help you maximize͏͏ revenue͏͏ and͏͏ minimize͏͏ churn͏͏ for͏͏ your B2B͏͏ subscription-based͏͏ business.͏͏

This͏͏ SaaS͏͏ platform͏͏ focuses͏͏ on͏͏ growing͏͏ your͏͏ business͏͏ by͏͏ automating͏͏ billing͏͏ operations,͏͏ improving͏͏ customer͏͏ retention,͏͏ and͏͏ providing͏͏ deep͏͏ insights͏͏ into͏͏ your͏͏ recurring͏͏ revenue.

Key͏͏ Features͏͏

• Supports͏͏ recurring,͏͏ usage-based,͏͏ and͏͏ hybrid͏͏ billing͏͏ structures
• Reduces͏͏ involuntary͏͏ churn͏͏ by͏͏ retrying͏͏ failed͏͏ payments͏͏ and͏͏ sending͏͏ smart͏͏ reminders͏͏ automatically
• Simplifies͏͏ ASC͏͏ 606͏͏ and͏͏ IFRS͏͏ 15͏͏ compliance͏͏ with͏͏ automated͏͏ revenue͏͏ recognition͏͏ tools
• Offers͏͏ in-depth͏͏ insights͏͏ into͏͏ MRR,͏͏ churn,͏͏ lifetime͏͏ value,͏͏ and͏͏ customer͏͏ growth͏͏ metrics
• Accepts͏͏ multiple͏͏ currencies͏͏ and͏͏ payment͏͏ methods

Pros͏͏

• Excellent͏͏ dunning͏͏ and͏͏ retention͏͏ tools͏͏ help͏͏ reduce͏͏ revenue͏͏ loss
• Intuitive͏͏ reporting͏͏ dashboard͏͏ provides͏͏ valuable͏͏ business͏͏ insights
• Easily͏͏ integrates͏͏ with͏͏ CRM͏͏ systems,͏͏ payment͏͏ gateways,͏͏ and͏͏ other͏͏ SaaS͏͏ tools

Cons͏͏

• Offers limited͏͏ customization͏͏ for͏͏ very complex͏͏ pricing͏͏ models

Pricing

Recurly͏͏ offers͏͏ custom͏͏ pricing͏͏ based͏͏ on͏͏ your͏͏ company’s͏͏ size͏͏ and͏͏ transaction͏͏ volume.

4.͏͏ Maxio

Maxio,͏͏ formed͏͏ from͏͏ the͏͏ merger͏͏ between͏͏ Chargify͏͏ and͏͏ SaaSOptics,͏͏ is͏͏ a͏͏ unified͏͏ financial͏͏ and͏͏ billing͏͏ operations͏͏ platform͏͏ purposely͏͏ built͏͏ for͏͏ B2B͏͏ SaaS͏͏ companies.͏͏

It͏͏ combines͏͏ advanced͏͏ subscription͏͏ billing,͏͏ revenue͏͏ recognition,͏͏ and͏͏ SaaS͏͏ analytics͏͏ into͏͏ one͏͏ powerful͏͏ system.

Key͏͏ Features͏͏

• Handles͏͏ complex͏͏ subscription͏͏ models,͏͏ including͏͏ metered/usage-based,͏͏ volume-based,͏͏ prepaid,͏͏ and͏͏ hybrid͏͏ billing
• Manages͏͏ the͏͏ entire͏͏ customer͏͏ lifecycle,͏͏ from͏͏ onboarding͏͏ and͏͏ trials͏͏ to͏͏ mid-cycle͏͏ plan͏͏ changes and͏͏ renewals
• Automates͏͏ revenue͏͏ recognition͏͏ compliance͏͏ and͏͏ deferred͏͏ revenue͏͏ to͏͏ ensure͏͏ accurate͏͏ financial͏͏ reporting

Pros͏͏

• Offers͏͏ a͏͏ deep͏͏ feature͏͏ set͏͏ built͏͏ for͏͏ SaaS͏͏ financial͏͏ operations,͏͏ not͏͏ just͏͏ billing
• Provides͏͏ deep͏͏ financial͏͏ insights͏͏ and͏͏ automated͏͏ reporting
• Great͏͏ for͏͏ B2B͏͏ SaaS͏͏ businesses͏͏ with͏͏ complex͏͏ revenue͏͏ and͏͏ compliance͏͏ needs

Cons͏͏

• Setup͏͏ can͏͏ be͏͏ complex͏͏ and͏͏ time-consuming

Pricing

Maxio͏͏ offers͏͏ tiered͏͏ pricing͏͏ plans:͏͏

• Grow:͏͏ $599͏͏ per͏͏ month
• Scale:͏͏ Custom͏͏ Pricing͏͏

5.͏͏ Paddle

Paddle͏͏ is͏͏ a͏͏ hybrid͏͏ SaaS͏͏ billing͏͏ and͏͏ merchant͏͏ of͏͏ record͏͏ (MOR)͏͏ solution.͏͏ This means the platform takes͏͏ on͏͏ certain͏͏ payment͏͏ processing,͏͏ tax,͏͏ compliance,͏͏ and͏͏ billing͏͏ risks͏͏ so͏͏ you͏͏ don’t͏͏ have͏͏ to.

This͏͏ is͏͏ especially͏͏ useful͏͏ if͏͏ you͏͏ sell͏͏ globally͏͏ and͏͏ want͏͏ to͏͏ simplify͏͏ your͏͏ legal͏͏ or͏͏ tax͏͏ burden.͏͏

Key͏͏ Features͏͏

• Manages global͏͏ tax͏͏ compliance,͏͏ payment͏͏ processing,͏͏ and͏͏ fraud͏͏ protection͏͏ on͏͏ your͏͏ behalf
• Supports͏͏ recurring,͏͏ tiered,͏͏ and͏͏ usage-based͏͏ billing͏͏ models͏͏
• Automatically͏͏ calculates͏͏ and͏͏ remits͏͏ taxes͏͏ like͏͏ VAT͏͏ and͏͏ GST͏͏ for͏͏ different͏͏ countries
• Accepts͏͏ payments͏͏ in͏͏ multiple͏͏ currencies͏͏ and͏͏ methods

Pros͏͏

• Reduces͏͏ legal͏͏ and͏͏ financial͏͏ risk͏͏ for͏͏ SaaS͏͏ companies͏͏ selling͏͏ internationally
• Simplifies͏͏ global͏͏ expansion͏͏ with͏͏ automatic͏͏ tax͏͏ compliance
• Easy͏͏ to͏͏ implement͏͏ and͏͏ manage

Cons͏͏

• Limited͏͏ customization͏͏ for͏͏ complex͏͏ SaaS͏͏ billing͏͏ needs

Pricing

Paddle͏͏ provides͏͏ two͏͏ pricing͏͏ options:

• Pay-as-you-go:͏͏ 5%͏͏ +͏͏ $0.50͏͏ per͏͏ transaction
• Custom͏͏ Pricing:͏͏ Contact͏͏ sales͏͏ for͏͏ a͏͏ personalized͏͏ quote

Ready͏͏ to͏͏ Choose͏͏ Your͏͏ SaaS͏͏ Billing͏͏ Platform?

Don’t͏͏ settle͏͏ for͏͏ manual͏͏ processes͏͏ that͏͏ slow͏͏ down͏͏ your͏͏ billing,͏͏ increase͏͏ the͏͏ risk͏͏ of͏͏ errors,͏͏ and͏͏ limit͏͏ your͏͏ ability͏͏ to͏͏ scale.͏͏

The͏͏ right͏͏ B2B͏͏ SaaS͏͏ solution͏͏ can͏͏ simplify͏͏ financial͏͏ management,͏͏ streamline͏͏ revenue͏͏ recognition,͏͏ and͏͏ give͏͏ you͏͏ complete͏͏ visibility͏͏ into͏͏ your͏͏ performance.

Each͏͏ platform͏͏ on͏͏ our͏͏ list͏͏ offers͏͏ different͏͏ strengths͏͏ and͏͏ weaknesses.͏͏ So,͏͏ take͏͏ the͏͏ time͏͏ to͏͏ assess͏͏ your͏͏ business͏͏ model,͏͏ growth͏͏ stage,͏͏ and͏͏ specific͏͏ billing͏͏ needs͏͏ to͏͏ find͏͏ the͏͏ best͏͏ fit.

About the Author

Reena Aggarwal is Director of Operations and Sales at Attrock, a result-driven digital marketing company. With 10+ years of sales and operations experience in the field of e-commerce and digital marketing, she is quite an industry expert.