What Is a Subscription Platform?
A subscription platform automates the recurring relationship with a customer: signing up, charging on schedule, granting the right access, changing plans and ending the subscription cleanly.
Its core parts are:
- A plan and pricing catalog
- Recurring billing through a payment provider
- Access rules that follow each customer's plan
- A customer portal for self-service
- Notifications, invoices and receipts
- Reports on revenue and churn