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.
Filter churn analytics by product
Minimizing churn plays a significant role in revenue growth over time, which is why it’s a mission-critical metric for most subscription businesses.
Our new churn analytics product filter provides more clarity into churn rates and trends for any specific product or group of products.
Deeper insights can help you quickly answer questions such as what products suffer from higher churn or if product-specific churn reduction efforts are working.
A revolutionary way to choose, change & customize pricing
A/B tests, launching new offers, targeting new segments, negotiating custom deals…
The list is long for why your pricing will change over time, but the one constant is that it will change.
Product Price Points is our newest pricing tool that enables you to associate different prices and settings for any product within your product catalog. The end result is a flexible, scalable solution that also yields cleaner, faster reporting—it’s a win-win.