Recurly Enhances Enterprise Capabilities for Subscription Businesses with Multiple Brands in Multiple Markets
Automate complex, unique invoicing and tax calculation requirements for multiple business entities to streamline expansion and growth
SAN FRANCISCO — June 16, 2023 — Recurly, a leading subscription management and billing platform, today announced the availability of support for multiple business entities. This enterprise capability is made for subscription businesses looking to efficiently manage respective business units, removing complexity and automating invoicing and tax calculations to allow a single user interface (UI) across the business.
“Our enterprise-level customers are growing fast, some through market expansions, acquisitions, or both. And they're telling us they require more granular controls to manage their discrete businesses,” says Jonas Flodh, Chief Product Officer at Recurly. “With multiple business entities, they can set up each business entity on one site, ensuring that all customers receive invoice treatments from the appropriate business brand and address, with location-specific tax calculation.”
Businesses have different needs for this multi-entity function, including multiple business brands, registered tax addresses, legal entities, distribution warehouses, and/or office locations.
Additional features include:
Flexible assignments: Recurly customers can automate entity assignments by geographic region by creating custom subscriber locations. Alternatively, customers can choose to apply a specific entity to any account, regardless of location.
Precise tax IDs: Tax ID numbers are entity-specific, ensuring each invoice reflects the correct TIN/VAT information sent to customers.
Unlimited entities: There is no limit to the number of alternate business entities that Recurly customers can add.
This makes scaling a subscription business much more efficient, providing the necessary flexibility to update, remove, and add business entities as business requirements evolve, and is automatically available to all Recurly customers on the Elite plan at no additional cost.
About Recurly
Thousands of innovative companies across digital media, streaming, publishing, SaaS, education, consumer goods, and professional services industries rely on Recurly to unlock transformational growth using subscriptions. Recurly’s all-in-one, integrated platform removes the complexities of automating subscription billing at scale by enabling teams to manage and optimize their subscriber lifecycles with ease. Category-defining companies including Sling, Twitch, BarkBox, FabFitFun, Paramount, Lucid, and Sprout Social have chosen Recurly to manage billions of dollars in recurring revenues, future-proof their recurring billing and revenue management, and recover billions of dollars in lost revenue due to churn. Founded in 2009, Recurly is based in San Francisco, with offices in Boulder and London. For more information, visit Recurly.com.
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