8 Payment Analytics Software For Small Businesses
I can bet all the small business owners and entrepreneurs are battling with the same set of questions –
#1 – Is there any good payment analytics tool?
#2 – Is it affordable?
I know how convenient it would be to find a highly functional and low budget payment metrics tool but with the availability of multiple software, you often get confused and end up making the wrong decision.
Considering time and money to be the most valuable resources for your business ventures, I have compiled up a list of low budget payment metrics and analytics tool.
These softwares are genuinely equipped to meet all your payment metric software needs and requirements like instantaneous calculation of MRR, ARR, growth rate and also churn rate.
Believe me, at the end of the blog you will be able to choose a decent and cheapest payment analytics software for your business.
1. Quintu –
Quintu is one of the highly affordable and convenient payment metrics tool. From viewing Stripe sales data, refund data and growth metrics (daily, monthly and yearly basis) to easily calculating and displaying MRR & ARR. This software does all.
One great feature of Quintu is that it is a non-cloud, native application for Windows and Mac, meaning all of your private data remains only on your machine.
- You can download a free 30-day trial.
- Once you are satisfied, you can purchase it in $39 for lifetime use.
- Easy Monitoring Of Stripe Sales & Subscription Metrics –
With Quintu, your basic need of easy visualization of MRR, ARR, sales data, refund data, and growth rate can come to an end. You can also see how many active trials and paid subscription you are having currently.
- Get To Know Your User Actions Through Alerts –
This payment analysis software has an inbuilt visual and audio notification system. So, whenever a new sale/refund is processed, you get a quick desktop notification.
- Keep Your Private Information To Yourself –
As Quintu is available for download on both Windows and Mac, you can consider your data to be safe. Even all Stripe network data transfer is secure and involves no third party.
2. Zuora –
All the small SaaS business owners can opt this highly functional payment analytics tool. This software can very effectively track your business performance.
Calculation and monitoring of metrics like MRR, churn, revenue generated, etc are done with just a few clicks.
- Zuora is known for its free trial.
Although, purchasing information can be fetched from the vendor.
- Build Your Custom Reports –
While managing and aligning your organization according to certain metrics, it is wise to make a report. Zuora does it all for you. You can effortlessly drag & drop fields to dynamically customize your reports and then share them with your co-workers via emails or through software itself.
- Monitor Your Company’s Financial Metrics –
This payment analytics software has most of the integrated tools to calculate your revenue, MRR, churn and also helps in identifying risky behavioral patterns of users.
- Predict Your Customers Actions –
The built-in machine learning algorithm is wise enough to notify you about the subscriber’s churn probability and chances of getting a renew.
3. ProfitWell –
This is one such low budget payment analytics tool which has the potential to get most of your payment metrics in one place.
This software has the option of Stripe integration (more coming soon) which can very easily fetch your data and track your progress report.
- Although ProfitWell is FREE to use, its other additional plans and upgrades are chargeable with variable fees.
- Get To Know Your Growth –
The simple yet highly efficient dashboard of ProfitWell provides deeper insights on different revenues generated and what impact will it have on your business. You can view them either in column chart format or in a descriptive tabular chart.
- Monitor Your Cash Flow –
Through ProfitWell, you can generate a tabular chart describing the annual subscriptions and refund will impact your company’s overall cash flow.
- Get A Helping Hand –
In case of any doubts and confusion, ProfitWell facilitates its users to talk and consult with some of its most knowledgeable analysts.
4. Chargebee –
The multi-functional SaaS software is considered a top notch service provider in terms of subscription management, billing & invoicing and payment analytics.
This all rounder payment analytics software also supports a plethora of top payment gateways like Braintree, PayPal, amazonpayments, etc.
This highly functional software comes with three extremely affordable plans –
- The Standard plan of $99/month for 200 invoices.
- The Pro plan of $199/month for 200 invoices along with various integrations and add-ons.
- The Enterprise plan of $599/month for all the available features.
NOTE – In case you are starting up, you can avail a free plan until you generate $50K revenue.
- Cumulative Data In One Place –
With the assistance of Chargebee’s dashboard, you can effortlessly track valuable metrics such as MRR, churn, transaction trend and lost opportunities.
- Personalized Reports On The Go –
Chargebee also makes you look good on papers too. It allows you to customize your reports by adding additional data and displaying it in a different chart and graphical formats.
- Always Stay Notified –
Through daily report functionality of this software, you can get informed about all the essential metrics.
5. FirstOfficer –
In the list of low budget payment analytics software, FirstOfficer definitely makes the cut not only because of its cheap plan but also because of its high efficiency.
Inspite of its simple user interface, it can very easily lay out all the necessary stats and that too in a very descriptive way.
All the plans of FirstOfficer come with a FREE 30 days trial period.
- Hobby – Worth $29/month, up to 250 customers.
- Startup – Worth $79/month, up to 1000 customers.
- Professional – Worth $149/month, up to 2500 customers.
- Business – Worth $249/month, up to 5000 customers.
- Easy Monitoring Of Company’s Growth –
Monthly Recurring Revenue being one of the most important criteria for your small business’s growth, FirstOfficer presents an illustrative graphical view of new & lost MRR and upgraded & downgraded MRR.
- Know Your Customers Worth –
In order to create and manage a sustainable business, one must know the Customer Lifetime Value of their customers. This software being prominent in calculating the accurate CLTVs, helps you overcome this informational barrier.
- Get A Detailed Weekly Reports –
FirstOfficer – a cheap payment analytics software also sends you highly informative weekly reports straight in your inbox.
6. NextMetrics –
This SaaS payment analytics software is not so popular but definitely get your work done in no time.
Just like other software mentioned in this blog, NextMetrics is highly methodical in tracking your business’s growth and other necessary metrics.
- Small – $20/month for 150 customers.
- Medium – $50/month for 1500 customers.
- Large – $120/month for 3000 customers.
- Enterprise – For 3000+ customers, you can contact them for detailed information.
- Track Metrics In No Time –
The quick to calculate metric tool will show you the detailed analysis of almost all the known SaaS payment metrics.
- Stay Updated –
The advanced feature of notifications enables you to be aware of every important business activities. You can also send a daily, weekly or monthly reports.
- Real Time Analysis –
NextMetrics is also known for its real time data analysis which can be used to see the trends in data, following this you can predict your future data using regression calculations.
7. Chargify –
This is another multi purpose software which takes care of all the payment analysis along with subscription management, recurring billing, and third party integrations.
MRR insights, subscriber growth, and tax history reporting are some of the features that this all-in-one software excels in.
- Essential – $149/month + 1.2% of revenue (few advanced features included).
- Advanced – $299/month + 1.2% of revenue (extra advanced features included).
- Enterprise – Contact Chargify sales team for a custom plan (all advanced features included).
Chargify also provides 30 days FREE trial for beginners.
- Revenue Account Reporting –
The time-consuming process of generating a revenue report will now be completed in a snap. The report will also highlight all the subcategories of revenues like total revenue, total billed, net revenue, etc.
- Detailed Churn Analysis –
Get to know the churn rate and other related numbers that will impact your business. This feature covers all the churn sub categories like subscriber churn, MRR churn, gross MRR churn, etc.
- Easy Data Exporting –
From highly advanced processes to a basic one, Chargify does it all for you. You can export your data in a CSV format with just a click.
8. RJMetrics –
Although RJMetrics is mentioned last in the list, it definitely has the power to tackle all your payment analytics problems.
This software packs all the necessary functionalities that you are looking in a cheap payment analytics software.
- In order to get started, RJMetrics invites you to try their demo followed by a custom plan.
- Advanced Data Analytics –
RJMetrics too has a separate, dedicated feature to analyze all the important metrics like cohort analysis, churn analysis, revenue analysis, etc.
- Huge Array Of Integrations –
This software allows you to connect your data sources from different databases (MySQL, MongoDB, etc.), SaaS products (Salesforce, Stripe, Shopify, Magento, etc.) or even a simple file upload.
- Automated Reporting & Privacy Settings –
Easy emailing of reports to you or your subordinates can be achieved with the help of this payment analytics tool. Also, you can control the right of access to every metrics.
On An Ending Note –
All the above-mentioned payment metrics tool has been globally identified as the best in the market and will fulfill all the needs of your SaaS business.
I hope that this blog has answered all your questions, clarified all your doubts and ultimately led you to land on the cheapest payment analytics software for small businesses.
Read the following blogs if you are still not satisfied and want to explore other software too –