Manage hierarchical subscription relationships inside of Salesforce
We launched our first Salesforce integration in 2014 to sync core subscription billing data from Chargify into Salesforce, and since then, it has gone through many updates in order to keep pace with the ever-growing list of workflows that modern SaaS businesses require.
Today we’re happy to announce another update that allows you to manage parent/child relationships and payment responsibilities between subscriptions from within Salesforce.
Cross-Site Analytics provide an aggregate view of health across business units & regions
At Chargify, a “Site” serves as a container for plans, subscribers of those plans, and the resulting recurring revenue. If your business uses multiple Sites, our new Cross-Site Analytics will roll-up the analytics from each Site into an aggregated, account-level view of health.
But what if different Sites use different currencies? We've got you covered with configurable currency conversions that consolidate revenue analytics into whatever default currency you define.
Introducing Deferred Revenue Management
Earlier this year, we announced our new Revenue Recognition Reporting capabilities.
Today we are happy to introduce fine-grain revenue deferral settings to control when revenue should be recognized for every Product and Component within your product catalog.
With Deferred Revenue Management, our Revenue Recognition Reports now provide a truly automated solution that eliminates manual reporting tasks to comply with ASC 606 & IFRS 15 accounting standards.
Our QuickBooks integration now supports accrual basis accounting
Back in 2017, we released our QuickBooks integration that uses cash basis accounting to sync Chargify transactions once payments are received.
The integration now supports accrual basis accounting where invoices are synced when they are issued—prior to payment—allowing you to view unpaid invoices and accrue revenue on a deferred basis in QuickBooks.
SMS support added for two-factor authentication
Chargify offers two-factor authentication as an account-wide option through security provider Authy, which until recently, required team members to validate their identity using Authy’s application.
In addition to the Authy app, we’ve added fallback support for SMS which allows team members to request their token via text message. Enable SMS support in your account's security settings.
Midigator’s Chargify integration helps fight & prevent chargebacks
The team over at Midigator built a Chargify integration that seamlessly syncs transactional data from Chargify into Midigator to automate processes around fighting, preventing, and analyzing chargebacks.
If your business is more prone to chargebacks, check out Midigator’s Chargeback Management Solution and how it can work with Chargify to maximize revenue recovery.