Managing recurring invoices via Excel... that was before!
Is your SaaS business still struggling to manage manually recurring invoices for subscriptions every month? Why make it harder when automated subscription management could save you valuable time?
For SaaS companies – and other industries that adopt a recurring revenue model like e-commerce , online newspapers or online services – subscription billing has become a necessity.
On the face of it, recurring invoices are easy to manage every month. No need to change the amount, the bill is identical from one month to the next... But the real difficulty lies in management. You don't want to lose track as the months go by, you need to make sure you send each invoice on time without forgetting any, and above all you need to guarantee that payments follow.
This is where automation via Pennylane and GoCardless becomes essential to avoid these pitfalls and free you from manual management, while securing your payments.
Create a subscription billing easily with Pennylane
Pennylane’s subscription billing relies on simple, automated processes to generate recurring invoices effortlessly. Here are the steps to follow:
Access the recurring billing module: In Pennylane, choose the option to create a subscription. Set the frequency (monthly, quarterly, yearly) and the contract duration.
Customize Subscription: Select the products or services included in the subscription and configure settings for each customer.
Automated Sending: You can even set up automatic invoice sending at a set frequency, ensuring you never miss a due date again or waste time manually managing your subscriptions.
This feature not only simplifies the process, but also ensures that invoicing is always up to date, avoiding delays and manual errors.
GoCardless: Automation of recurring payments
In addition to managing subscriptions through Pennylane, integration with GoCardless makes it even easier to collect recurring payments.
GoCardless is a specialist direct debit solution, ideal for SMEs that manage subscriptions.
Subscriptions created in Pennylane are directly linked to GoCardless , which takes care of collecting payments every time they’re due, whether that’s monthly, quarterly or annually. Payments are collected without manual intervention, and you’re notified if a payment fails, allowing you to act quickly.
GoCardless thus offers total peace of mind, securing your collections while improving your cash flow management.
Why this solution is ideal for SaaS businesses and more
SaaS companies are the first to benefit from subscription billing, but they are not the only ones.
Recurring service businesses such as fitness (gym memberships), online press, streaming platforms, or even monthly box providers (cosmetics, food products, accessories, leisure items, etc.) can all benefit from this automation.
These businesses have to manage dozens or even hundreds of customers with regular billing, which can quickly become time-consuming without the right tools. Pennylane and GoCardless integration simplifies subscription tracking and ensures fast, automated payments.
Benefits of recurring billing with Pennylane and GoCardless
1. Save time : Automating invoices and collections significantly reduces the time spent managing invoicing and tracking payments.
2. Reduced errors : Automated processes minimize the risk of human errors, whether it is sending invoices or managing payments.
3. Secure Cash Flow : With GoCardless , payments are made on time, increasing visibility and stability of the business's cash flow.
4. Better subscription management : Pennylane allows you to track the status of each subscription in real time, making it easier to manage your customer portfolio.
Blendy: Your ally for painless management of your subscriptions
At Blendy, English-speaking French accountant, Pennylane & QuickBooks expert, we support SaaS companies and those with a subscription model in the integration of solutions like Pennylane and GoCardless.
We help them digitize and automate their recurring billing while ensuring real-time accounting and seamless cash flow management. We also train your teams in Pennylane and GoCardles for seamless synchronization of your financial data.
At your side, as a full member of your team, our experts support you to streamline your financial processes from end to end. The goal? Allow you to focus only on what really matters: the growth of your business.
Automating the invoicing and collection of recurring payments using Pennylane and GoCardless is therefore a real performance lever for SaaS companies and all those who manage subscriptions. And Blendy is here to help you implement these solutions and ensure optimal monitoring.
Contact us now to find out how easily these tools
will streamline your financial management.
With Blendy, English-speaking French accountant based in Paris take advantage of digital accounting to accelerate your financial process and develop your business.
Pennylane, Dext , QuickBooks and Stripe certified, we support digital, IT, e-Commerce, SaaS companies in France and internationally.