Think of subscription management as the organizer of a business that offers products or services with regular payments. It handles everything from getting new customers to making sure they pay on time, managing upgrades or downgrades in their membership, and even handling cancellations. Advanced tools make sure all of this runs smoothly.
For example, think about a streaming service. It's not just about getting new members, but also making sure they pay every month, letting them switch to a different plan if they want, and dealing with it if they decide to leave. These are the important gears that keep subscription-based businesses running smoothly.