The one system your business needs.
Billing, GST, stock, purchase and sales in one open source system. One price per company, every app included, AI on your own key.
- Every app included, one price per company
- GSTR-1/3B, e-invoicing and e-way bills built in
- AI on your own key, or on your own servers
A person on our team replies. The reply time is on your quote.
Recurring Fee Billing for Advisory and Finance Firms
Recurring fee billing at an Indian advisory firm tends to run on calendar reminders. The firm may be an investment adviser charging a fixed quarterly fee, a research house selling annual access to its reports, or a bookkeeping practice on monthly retainers. The fee is known, the date is known, and the invoice still goes out late because the person responsible was busy with a filing deadline. Clients on annual plans forget when they joined. Auto-debits fail and nobody follows up. The firm's own income is the least organised ledger in the office.
Industry Solution
Financial Services
Feature
Subscriptions
Why Financial Services teams run Subscriptions in OneYukti
Auto-renewal in OneYukti's Subscriptions app continues a client's plan at term end, with a renewal reminder beforehand and a confirmation afterwards, so the client is told in writing each time. Invoices are generated automatically on the cycle in the agreement, whether quarterly, half-yearly or annual. Plans can be arranged in tiers, for example a basic research plan and one that adds model portfolios, and a client moving between them mid-cycle is billed with proration.
Payments are collected through the payment gateway, with secure storage of the payment method and a way for clients to update it. When a collection fails, the AI in Yukti picks the time to retry based on historical success rates, and dunning continues from there. For subscribers to a research or advisory service, the AI also analyses usage patterns and engagement metrics to identify clients at risk of leaving before they cancel. An adviser can then call a client whose engagement has dropped.
The partners get the firm's recurring revenue by month and by year, renewal analytics for the coming quarter, and churn analysis with the reasons clients gave. Revenue recognition is automated for subscription accounting, which keeps fees collected in advance in the right periods for the CA who finalises the books. With customer lifetime value in view, the firm can judge which service is worth marketing and which annual clients need attention before their renewal date.
Financial Services challenges that Subscriptions solves
Common problems in financial services operations that Subscriptions in Yukti addresses
Challenge 1
Quarterly and annual fee invoices are sent late because the person responsible is busy with clients' own deadlines
Challenge 2
Failed auto-debits are not followed up, and a client drifts away without ever formally cancelling
Challenge 3
Fees collected in advance for a year are hard to place in the right periods when the books are finalised
How Subscriptions in Yukti helps Financial Services
What financial services organizations using Yukti get from the app
Benefit 1
Auto-renewal with reminders and confirmations keeps annual clients informed in writing at every term end
Benefit 2
Failed collections are retried at a time the AI picks from historical success rates
Benefit 3
The AI's risk scoring on usage and engagement points out advisory subscribers who may be about to leave