Billforward

Billforward is a subscription billing and recurring revenue platform designed to help businesses streamline their billing operations. It caters to businesses of all sizes, from small startups to large enterprises. According to the vendor, professionals and industries such as SaaS companies, e-commerce businesses, media and entertainment companies, subscription box services, professional service providers, finance professionals, sales and marketing professionals, product managers, direct-to-consumer businesses, and businesses new to recurring billing can benefit from Billforward's features and functionalities.

Key Features

API-first: According to the vendor, Billforward offers multiple integrations with platforms such as Salesforce, QuickBooks, HubSpot, Google Data Studio, Commercetools, Avalara, Chartmogul, Airbyte, Shuttle, and Xero. The platform also supports headless commerce and provides a rapid response from a dedicated support team. According to the vendor, it offers an automated switch facility for businesses migrating from their existing subscription provider.

Complex Billing Simplified: According to the vendor, Billforward simplifies various billing scenarios, including flat-fees, event and usage-based metered billing, volume and tiered discounts, coupons, and free trials. The platform provides full API access for developer-friendly customization and is payment gateway agnostic, allowing businesses to choose the best payment processor. According to the vendor, intelligent dunning techniques are employed to retrieve missed payments and reduce revenue leakage.

Recurring Billing and Invoicing: According to the vendor, Billforward supports usage-based billing, enabling businesses to charge customers based on any metric. It offers enterprise billing tools for managing complex billing scenarios and smart dunning tools to minimize churn. The platform provides multiple payment options and international billing tools to accommodate businesses operating globally.

Quotes and Contracts: According to the vendor, Billforward streamlines the sales process by allowing businesses to generate quotes and proforma invoices. It enables quote adjustments and easy conversion to contracts. The platform supports multi-year contracts with flexibility to edit or add contract periods, providing businesses with greater control over their subscription terms.

Integrations: According to the vendor, Billforward offers integrations with Square Payments, QuickBooks, Magento, Avalara, and more. The platform works closely with partners to ensure seamless integration with other business systems and tools.

Reporting and Analytics: According to the vendor, Billforward generates comprehensive reports on revenue, cash flow, refunds, customers, and subscriptions. It calculates deferred revenue in line with ASC 606 standards and provides insights on churn, customer lifetime value (LTV), and plan performance. Businesses can leverage these insights to optimize their subscription strategies.

Affiliate Marketplace: According to the vendor, Billforward incentivizes and manages resellers with flexible payout options. Customers can earn referral-based credits or commission, and the platform offers gifting features for customers to gift subscriptions or vouchers, fostering customer loyalty and expanding the customer base.

Accounting and Taxes: According to the vendor, Billforward integrates with accounting software for seamless financial management. It supports tax compliance with Avalara's AvaTax solution for automated tax calculations, simplifying tax management and reducing the risk of errors.

Flexcheck: According to the vendor, Billforward provides a hosted check-out tool that allows businesses to create a seamless and customizable check-out experience for their customers. It supports various payment methods and currencies, ensuring a secure and PCI-compliant check-out process.

Subscriptions Overview: According to the vendor, Billforward gives businesses an overview of their subscriptions, enabling efficient management. It provides a centralized dashboard to view and track subscription details, allowing businesses to easily create, update, and cancel subscriptions. The platform offers flexibility in setting up subscription plans and pricing, accommodating different business needs.