7 ProfitWell Alternatives for Smarter SaaS Insights in 2021

ProfitWell is a cloud-based app that generates real-time financial and subscription metrics for data-driven SaaS enterprises.

The recurring revenue growth platform provides users with valuable insights into subscription funnels and one-click analytics for Stripe.

But ProfitWell does not benefit all SaaS companies.

In this article we shall find out what other ProfitWell alternatives are available in the market. 

Baremetrics is one such ProfitWell alternative that optimizes SaaS analytics. It generates real-time subscription metrics from a custom dashboard for greater precision and performance.

Drive subscriber intelligence through Baremetrics. Start your 14-day free trial now!

Why Search for ProfitWell Alternatives?

You might need an alternative to ProfitWell because: 

• ProfitWell doesn’t integrate with a particular app or payment processor
• The platform doesn’t provide enough value to your SaaS enterprise
• You don’t like how ProfitWell displays analytics or charts
• You find it challenging to maximize profits with ProfitWell
• ProfitWell lacks a particular feature you require for subscription analytics

Here’s a look at the best ProfitWell alternatives for your business.

i. Baremetrics 

Baremetrics is the best alternative to ProfitWell in 2021.

This platform drives explosive subscriber growth with an enormous suite of SaaS metrics. Baremetrics boasts far more complex data comparisons than ProfitWell, letting you compare subscription dates, plans, and customer segments from an all-in-one data dashboard.

The number of SaaS metrics available on Baremetrics is impressive.

Track key performance indicators like churn, contraction, Monthly Recurring Revenue (MRR), Annual Recurring Revenue (ARR), Customer Acquisition Cost (CAC), Average Revenue Per User (ARPU), and more. 

Here are some benefits of Baremetrics:

• Uncover subscription trends
• Identify subscriber growth opportunities
• Add annotations to important subscriber milestones
• Track subscribers in funnels with custom daily, weekly, or monthly reports and access these reports via email or Slack
• Easy-to-use API
• Easy-to-understand metrics and beautiful data visualizations
• Control the metrics you want to track
• Connect with payment solutions like Stripe and Braintree
• Add new subscriptions (such as PayPal) via the Baremetrics API
• Collect subscriber feedback in mere minutes
• Monitor churn, cancelations, and downgrades
• Identify upsell and cross-sell opportunities
• Identify lost revenue from failed charges with the Recover feature

Baremetrics is the ProfitWell alternative for smarter subscription metrics.

Start your free trial today from Baremetrics!

Read more:
5 SaaS Analytics Tools to Track and Grow Your Business.

ii. Chargebee

This platform provides various subscription management services for analytics, end-to-end recurring billing, and auto invoicing.

You can measure churn, MRR, ARR, and more from the built-in reporting system. Other features include metered billing, multiple gateway support, and CRM integration.

There is also a Chargebee integration in the Baremetrics platform, so Baremetrics can give you more information based on your Chargebee transactions.

Read more:
11 SaaS Metrics to Measure (and Improve) for Growth.

iii. Chargify

Chargify is a billing program that solves multiple subscription management problems with real-time SaaS insights and custom reports.

You can measure MRR, metered usage growth, and other KPIs from an easy-to-use centralized hub and identify subscriber growth patterns over time. Other features include daily email reports and compliant revenue recognition. 

iv. ChartMogul

ChartMogul is a popular subscription management system that offers enhanced analytics for SaaS businesses worldwide.

Features include data tables, maps, customer lists, profiles, and various churn formulas that improve customer retention. 

v. ReCharge

ReCharge provides business analytics and reporting features for SaaS startups and medium-sized companies that want to make better business decisions about subscription and pricing models.

Other features include automated billing payments and integration with several payment providers. 

vi. Recurly

Recurly is a subscription billing tool with analytics for measuring subscription plans and revenue.

Although more of a payment gateway than a subscription intelligence platform, you can track KPIs such as churn, CAC, and Customer Lifetime Value (CLV/LTV).

Many people are using Recurly and Baremetrics at the same time. Recurly mostly focuses on facilitating the transactions, so it is unable to provide the full range of analytics tools like Baremetrics.

vii. Zuora

Zuora automates various aspects of e-commerce and subscription management, such as invoicing and billing, but it also offers subscription analytics. You can generate reports and gain insights into ARR, CLV, and more.

Read more:
The SaaS Financial Model You’ll Actually Use.

Bottom Line

These ProfitWell alternatives provide your company with unique insights into subscriptions, customers, and revenue.

Incorporating one of these tools into your organization helps you to maintain your subscriber base, improves retention, reduces churn, and helps you identify new growth opportunities. 

How Baremetrics Can Help

For the most accurate and wide-reaching analytics, invest in Baremetrics for subscription metrics.

The platform offers unparalleled functionality, subscription workflows, Slack integration, report email notifications, stunning data visualizations, and annotations for subscriber milestones. You can also recognize failed payments with the Recover feature. 

Baremetrics is the No.1 metric dashboard for SaaS businesses worldwide. Revolutionize subscriber growth in few clicks. 

Begin your 14-day free trial today!