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Substly's platform allows businesses to know who is using which subscription, how much it costs, and when it will be renewed while also keeping track of costs and giving alerts about upcoming payments that are about to be billed.
FREMONT, CA: Substly has announced the successful completion of a $370,000 funding round raised from 10 business angels. The Swedish-based SaaS company offers business in more than 40 countries worldwide, a tool that makes subscription and user management for companies easier.
Substly's platform allows businesses to know who is using which subscription, how much it costs, and when it will be renewed while also keeping track of costs and giving alerts about upcoming payments that are about to be billed. The platform helps organizations simply decide how required a subscribed service by assessing the utilization rate of digital services by firm personnel, resulting in efficiency gains through the cancellation of superfluous services.
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Although Substly was mainly created for keeping track of SaaS (Software as a Service) subscriptions, the platform allows its customers to keep track of all recurring payments. "In fact, Substly allows our customers to keep track of anything that is being bought as-a-service, such as memberships, newspapers, coffee, and other services that are being provided in a recurring payment system that can be managed under one same efficient application," stated Felix Sjöstedt, Substly's co-founder.
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