Chargebee acquires numberz and launches Receivables to help subscription businesses

By Joy Dumasia

Chargebee, the leading subscription management platform, announced it has acquired collections management platform numberz and launched Chargebee Receivables. Subscription businesses will now be able to smartly automate their entire receivables process from purchase to payment, in addition to managing subscription products and invoices, leading to better data collections and insights for more confident decision-making. 

Krish Subramanian, CEO and Co-Founder of Chargebee, said: “Over the last year, we have focused on strategic acquisitions that grow our platform and solve a wide range of customer problems by building a unified solution that connects data points from all aspects of the business. With the acquisition of numberz, we are focused on solving bottlenecks that often occur due to clunky Accounts Receivable systems that leave collections delayed and bills unpaid. When businesses are growing at a fast rate, it’s critical that decision-makers have full visibility into receivables, so they have clarity into available working capital needed for growth.” 

Chargebee Receivables helps finance leaders reimagine this critical workflow. Integrating with the existing ERP and accounting solutions, Chargebee Receivables will also provide finance leaders better visibility and control of their receivables and improve their own customer experience. 

Nitin Gupta, CFO of Konica Minolta, said: “Implementing Receivables has created a lot of visibility and efficiency within the system. The coverage of each credit controller has increased by roughly 33% they are able to serve more customers more effectively. The increase in efficiency of our teams is also helping us run the department operations profitably without increasing the team size.” 

With the addition of numberz, Chargebee Receivables ensures that customers are billed on time, with total accuracy, while keeping customers engaged and informed by offering incentives to quickly and easily pay on time. Working together, users can manage the entire order-to-cash process with minimal effort, freeing up energy to focus on reporting and exceptional customer service. 

“We are excited to be a part of Chargebee and to add Accounts Receivable Management capabilities that help finance leaders better manage their entire order-to-cash cycle, aid business growth and unlock massive value,” said Aditya Tulsian, Co-Founder and CEO of numberz. “The shared vision, values and the people-first approach of Chargebee made this an ideal ‘home’ – not just for the business but for the entire team,” added Rajeev Chari, Co-Founder and COO of numberz. 

The numberz team joins Chargebee in various offices and remotely across India, including executive team members to Chargebee’s leadership team. The acquisition comes directly on the heels of the recent additions of Brightback and RevLock to Chargebee and a new round of funding co-led by Sequoia and Tiger Global, signalling rapid product and talent growth for growing global startup Chargebee.