Chargebee, the fintech platform designed to helps businesses set up and manage their billing, subscription, revenue operations and compliance, released a Fall update Thursday morning that revealed five new tech integrations and expanded support across multiple countries.
The fintech has been on an upward trajectory since its founding 10 years ago and was designated a “unicorn” status following its $125 million Series G in April. The San-Francisco based startup has primarily focused on helping individuals, SMB’s and enterprises set up, manage and automate subscriptions, billing, invoicing and payments.
However, after a recent survey conducted by Chargebee and Alphasights, the fintech is working to increasingly close the gap between sales and finance teams. The study (which interviewed founders, CROs, heads of revenue and finance, and other industry leaders from organizations across SaaS, eCommerce, and Publishing with $25M-500M+ ARR) reported respondents wanted greater integrations with CRM, accounting and workflows.
As an answer to these problems, Chargebee released the following five new integration:
- Microsoft Dynamics GP integration to help finance teams eliminate the manual process of importing subscription and billing data into their system by automatically syncing data on invoices, transactions, and customers.
- NetSuite SuiteTax integration to help in optimizing book closure cycles by ensuring tax and compliance information is synced and accurate.
- A new HubSpot CRM integration that facilitates quote to cash capabilities via automated subscription actions within HubSpot deals – essentially allowing salespeople to go from quoting to subscriptions and payments without leaving HubSpot.
- ZohoCRM integration to help sales teams identify more upsell and cross-sell opportunities
- Mollie integration for an alternative payment gateway.
Mollie, which was named Europe’s third largest fintech in June, will also aid to expand Chargbee’s existing language support, as well as the ability to handle EU VAT compliances, and local forms of payments in an effort to enhance Chargebee’s European footprint.
“We heard from customers that especially among large teams, complex sales and finance processes lead to a delayed realization of revenue. As companies grow and scale, this problem becomes amplified,” said Nathan Bobbin, Vice President of Product Management at Chargebee.
“We are happy to offer expanded capabilities and integrations that enable faster revenue generation and growth by removing bottlenecks and streamlining critical workflows,” Bobbin added.
Chargbee’s latest product updates arrived just two weeks after its acquisition of RevLock, a cloud-based software that enables SaaS+ companies to measure and manage their revenue. By combining the two services, Chargebee said users can unlock automated revenue recognition as part of their billing processes, minimizing what would typically be a time-intensive process.