Top 3 Billing Stack Mistakes
When it comes to billing, many businesses rely on traditional systems that seem to get the job done — until they fail. As your company grows, outdated billing stacks can cause serious headaches, from handling complex pricing models to scaling with your customer base. In this post, we'll dive into the top 3 mistakes companies make when sticking with traditional billing systems and how these issues can hold you back. If you're aiming for growth and efficiency, it's time to rethink your billing stack.
Revenue Bleed
Most traditional billing platforms take a cut of your revenue. Take Stripe, for example — they have a bunch of products, each with its own fee. The most common ones are Stripe Payments and Stripe Billing. Stripe Payments takes 2.9% for local transactions and up to 4.4% for international ones, while Stripe Billing adds another 0.7%. The kicker? These fees aren't capped, so the more you earn, the more you pay. Plus, since you don't always know exactly how much you'll make, it's tough to predict how much Stripe will end up costing you.
One-Trick Pony
In the early days, companies often try out different sales strategies, and as they grow, they usually end up with a few. Your billing system needs to be flexible enough to handle changes in pricing and packaging, no matter what sales strategy you're using. The problem is, most billing solutions aren't quite there yet when it comes to supporting modern SaaS pricing models like usage-based or credit-based billing.
Scotch-Taped Workflows
Billing can be a bit of a mess, with different teams like sales, finance, product, and engineering all having their own systems. You really need the billing system to be the go-to place for accurate revenue info, or else everyone ends up working with half the picture. The problem is, most billing systems are built for just one team, with weak connections between them.
Unstack these mistakes with Maple
Maple solves these common billing mistakes by offering a modern, flexible solution designed for today's fast-paced businesses. With support for complex pricing models, seamless integrations, and the ability to scale effortlessly, Maple ensures your billing system keeps up with your growth. No more patching together outdated tools or dealing with manual workarounds — Maple streamlines your billing operations so you can focus on what really matters: growing your business.
- No revenue cut, no lock in: Say goodbye to revenue bleed with Maple. A fixed and affordable pricing structure ensures a clear picture of your revenue operations without worrying about lock-in or uncapped costs.
- True pricing experimentation: Pricing experimentation is not only about trying different features in different packages, but it also means trying different pricing models. Maple supports multiple models for usage-based, seat-based, credits-based, and license-based billing in your product.
- All your sales motions in one place: Maple unifies your product-led, reseller and sales-led revenue tracking, contract workflows and sales tracking with tight-knit integrations.
Ready to leave traditional billing headaches behind? Maple is here to help you take the next step.