Top 6 Maxio Alternatives (Formerly Chargify) Reviewed
Explore 6 leading Maxio alternatives for your business. Compare pricing, features, and integrations to make the best choice for your needs and budget.
Introduction
Maxio (formerly SaaSOptics and Chargify) is a subscription billing and revenue recognition platform primarily designed for B2B SaaS businesses. While it offers standard subscription management and some usage-based billing capabilities, it has significant limitations in flexibility, automation, reporting, and integrations.
This guide examines Maxio’s key limitations and compares six alternatives: Zenskar, Chargebee, Recurly, Zoho Billing, Stripe Billing, and Zuora. Each Maxio alternative is evaluated based on pricing flexibility, automation, reporting accuracy, and integrations.
Maxio comparison at a glance
Top 6 Maxio (formerly SaaSOptics and Chargify) alternatives and competitors
1. Maxio vs Zenskar
Zenskar is a modern billing and revenue recognition platform designed for B2B SaaS companies needing highly flexible pricing, no-code automation, and real-time revenue tracking. When comparing Maxio with Zenskar, the latter’s proprietary graphical data model enables businesses to configure subscriptions, usage-based billing, and hybrid pricing without developer intervention. Additionally, it offers easy usability for finance teams and API flexibility for tech teams, ensuring seamless integration and operational efficiency.
Key differences between Zenskar and Maxio
Pros
- Automates billing for subscriptions, usage-based, hybrid, and multi-year contracts.
- Supports bulk contract creation and imports from CRM, CPQ, API, or a visual builder, while enabling real-time usage metering via API, 100+ data connectors, and CSV uploads. It seamlessly integrates with payment gateways too.
- Supports bulk contract creation and imports from CRM, CPQ, API, or a visual builder.
- Eliminates engineering involvement in billing setup by allowing usage data to be sent via remote connection or simple APIs in any format. It decouples metering from pricing, automatically mapping usage to the relevant contract and pricing model, ensuring flexibility without requiring price-specific identifiers or engineering approval for adjustments.
- Provides automated invoicing with custom templates, invoice consolidation, and flexible line items.
- Fully automates revenue recognition in compliance with ASC 606 and IFRS 15, including the recognition of payment gateway expenses, receivables, and liabilities. It handles prepaid entitlements and complex revenue allocation for usage-based models with real-time updates, ensuring accurate financial records without manual interventions.
- Offers native entitlements management, enabling users to track and manage customer entitlements without requiring any code. Credits can be granted and usage depletion monitored seamlessly.
- Offers real-time analytics with dashboards for MRR, ARR, churn, and LTV.
- Speeds up implementation with quick onboarding and dedicated migration support.
- Provides 24/7 customer support via Slack, Zoom, and email at no extra cost.
Cons
- No built-in CPQ (Configure, Price, Quote) but integrates with third-party CPQ tools.
Source: G2
2. Maxio vs Chargebee
Chargebee is a subscription management platform optimized for scaling B2B and B2C SaaS businesses. It offers strong automation for standard subscription workflows but lacks native usage-based billing support.
Source: Chargebee
Pros
- Strong subscription lifecycle automation, including trials, upgrades, downgrades, and renewals.
- 60+ integrations with CRMs, ERPs, and payment gateways.
- Built-in dunning management to reduce failed payments.
- Supports multi-currency transactions for international operations.
- Tax compliance automation via Avalara integration.
- Basic software as a service revenue recognition features for standard compliance.
- User-friendly UI with extensive documentation.
Pros
- Lacks built-in usage-based billing; requires workarounds.
- Limited customization for invoicing and templates.
- Reporting lacks depth for MRR and ARR insights.
- Limited analytics on customer cohorts and revenue trends.
- Pricing is costly as it includes revenue-based fees.
- Enterprise features require higher-tier plans.
- Customer support can be slow for non-enterprise users.
3. Maxio vs Recurly
Recurly is a recurring billing platform with a focus on subscription automation and churn management. It is best suited for high-volume, B2C subscriptions.
Source: Recurly
Pros
- Recurring billing automation for subscriptions and trials.
- Multi-subscription support within a single account.
- Basic churn analytics to track customer retention.
- Fraud protection tools for payment security.
- Subscription cancellation insights to analyze churn causes.
- Supports multiple payment methods, including ACH and PayPal.
- Basic tax compliance features with integrations.
Pros
- Limited pricing flexibility for custom contracts.
- Rigid invoicing templates with minimal customization.
- Transaction fees on every payment attempt, including fraudulent ones.
- Reporting lacks depth for financial analysis.
- No real-time automation of revenue recognition for software companies.
- Integrations with QuickBooks and Salesforce have syncing issues, forcing customers to seek Recurly alternatives.
- Customer support has inconsistent response times.
4. Zoho Billing vs Maxio
Zoho Billing is a low-cost subscription billing platform designed for small to mid-sized businesses.
Source: Zoho Billing
Pros
- Affordable pricing with low monthly fees.
- Basic automation for invoicing and payments.
- Multi-currency support for small international businesses.
- Customizable email notifications for billing reminders.
- Integrates natively with Zoho ecosystem.
- Tax automation for global compliance.
- Basic dunning automation to reduce payment failures.
Pros
- Limited third-party integrations outside of Zoho products.
- Basic reporting with limited analytics.
- Lacks usage-based billing support.
- No real-time SaaS revenue recognition software.
- Limited automation for complex billing scenarios.
- Customer support is email-based and not immediate.
- Not designed for enterprise-level scalability.
5. Maxio vs Stripe Billing
Stripe Billing is a modular subscription and invoicing platform designed for companies already using Stripe’s payment infrastructure. It offers strong API-based customization but lacks advanced financial automation features found in full-fledged billing platforms.
Source: Stripe Billing
Pros
- Highly customizable APIs for developers to build tailored billing workflows.
- Supports multiple pricing models, including flat-rate, usage-based, and hybrid.
- Seamless integration with Stripe Payments for global transactions.
- Multi-currency support with localized pricing.
- Automated invoicing with smart retry mechanisms for failed payments.
- Robust documentation and community support for developers.
- Straightforward pay-as-you-go pricing (0.7% of billing volume).
Pros
- Lacks native revenue recognition; requires third-party SaaS accounting tools.
- Invoice customization is minimal compared to competitors.
- No built-in dunning automation; relies on third-party solutions.
- Limited reporting and analytics for financial tracking.
- Requires engineering bandwidth for implementation and maintenance.
- Not ideal for companies needing contract-based billing.
- Restricted to Stripe ecosystem, limiting flexibility with alternative payment providers.
6. Maxio vs Zuora
Zuora is an enterprise-grade subscription and revenue management platform designed for large businesses with complex recurring revenue models. It offers advanced multi-entity support, compliance automation, and deep financial integrations but requires a high degree of configuration.
Source: Zuora
Pros
- Supports enterprise-grade billing, including contract-based, milestone, and hybrid pricing.
- Multi-entity support for large organizations operating in different jurisdictions.
- 40+ pre-built payment gateway connectors for global transactions.
- Automated SaaS rev rec with ASC 606/IFRS 15 compliance.
- Customizable analytics dashboards for deep financial insights.
- Advanced churn management with predictive analytics.
- Seamless ERP and CRM integrations, including NetSuite and Salesforce.
Pros
- Long implementation timelines; setup can take months.
- High total cost of ownership with additional fees for advanced features.
- Requires technical expertise to configure and maintain.
- Customer support varies by tier, with priority access only for enterprise clients.
- Complex user interface with a steep learning curve.
- Invoice customization is limited, requiring engineering workarounds.
- Revenue recognition is not real-time and may require manual adjustments.
5 common challenges with Maxio that all finance teams face
1. High engineering overhead
Maxio ties usage data to product pricing, requiring engineers to manually maintain price identifiers in their system. Usage events are only priced in predefined ways, necessitating ongoing engineering work and approval to implement new pricing structures. Additionally, changes in pricing terms trigger database updates, creating a significant engineering burden.
2. Rigid metering & usage-based billing
Maxio mandates usage data be sent via APIs with specific identifiers, and this tightly couples usage with the pricing model. Engineering teams must collect and store these identifiers in the internal database, complicating adjustments and updates to pricing models.
3. Fragmented system architecture
Maxio is built on two distinct systems, Chargify and SaaSOptics, which can cause data synchronization issues.
4. Limited revenue recognition
Maxio’s revenue recognition capabilities are restricted to basic AR, revenue, unbilled revenue, and deferred revenue, leaving gaps in financial reporting.
5. No native entitlements management
Maxio’s lack of built-in entitlements management forces product teams to handle entitlements within the product. This leads to workarounds for managing credit allocations and usage depletion.
What to look for in the best Maxio alternative?
1. Billing & subscription management
- Automated Billing for Any Model → Supports subscriptions, usage-based pricing (prepaid/postpaid), hybrid pricing models, and complex invoicing without manual workarounds.
- Multi-Entity & Multi-Currency Support → Seamless billing for businesses operating in multiple geographies or with multiple business units.
- Proration & Contract Amendments → Automatically handle upgrades, downgrades, and mid-cycle changes without requiring manual adjustments.
- Prepaid & Postpaid Billing for Usage → Native support for prepaid usage tiers without needing manual workarounds.
- Discounting, Promotions & Custom Pricing → Supports customized discount structures, inflation clauses, and contract-specific pricing.
2. Revenue recognition & compliance
- ASC 606 / IFRS 15 Compliant Revenue Recognition → Automated SaaS revenue recognition with period locking flexibility and retroactive adjustments.
- Flexible Period Management → Allows modifications to locked periods, backdated adjustments, and multi-year contract handling.
- Multi-Currency Revenue Recognition → Supports real-time exchange rate conversions and compliant revenue recognition in software industry.
- Real-Time Revenue Reporting → No manual reconciliations needed, offering instant insights into deferred revenue, recognized revenue, and accrual-based reports.
3. Product & pricing management
- No-Code Product Catalog & Plan Configuration → Allows finance teams to configure pricing models, free trials, add-ons, and tiered pricing without engineering effort.
- Bulk Contract Import & Creation → Import and set up contracts via CRM, CPQ, API, or manual builder.
- Flexible Subscription Structures → Supports multi-year contracts, bundling, and one-time fees.
4. Usage metering & event-based billing
- Real-Time Usage Tracking → Supports event-based billing, metered pricing, and prepaid usage aggregation via API and data connectors.
- Timezone & Multi-Entity Support → Automatically adjusts events across different time zones without inconsistencies.
- SQL-Based & No-Code Aggregations → Provides flexibility in defining usage metrics for accurate billing.
5. Invoicing & payment collection
- Automated Invoicing → Generates custom-branded invoices, supports invoice consolidation/splitting, and adapts to contract changes dynamically.
- Multiple Payment Methods & Gateways → Accepts payments via credit cards, ACH, wire transfers, wallets, or seamless integrations with Stripe, Adyen, and PayPal.
- Automated Tax Handling → Includes native tax calculation support, Avalara integration, and global compliance (VAT, GST, sales tax).
6. Reporting & analytics
- Customizable Dashboards & Reports → Tracks MRR, ARR, churn, revenue attribution, and multi-entity financials.
- Automated Revenue & Billing Reports → Eliminates manual reconciliations for accurate SaaS revenue tracking.
- Drill-Down & Forecasting Capabilities → Analytics enables detailed insights into subscription trends, customer lifetime value, and deferred revenue.
7. Integrations & data sync
- 100+ Native Integrations → Seamless two-way sync with CRM (Salesforce, HubSpot), CPQ, ERP (NetSuite, QuickBooks, Xero), and payment gateways.
- Robust API & Webhooks → Well-documented, developer-friendly APIs for custom integrations.
- Real-Time Data Synchronization → Ensures accurate data flow across financial and operational tools.
8. Implementation & migration
- Fast & Painless Onboarding → Gets businesses live within days instead of months.
- Seamless Data Migration → Supports bulk import, historical data migration, and API-based onboarding.
- Dedicated Migration Assistance → Includes white-glove support from experts.
9. Customer support & reliability
- 24/7 Dedicated Support → Direct access to support via Slack, Zoom, and email, not just tickets.
- Guaranteed Uptime & Performance → Enterprise-grade SLA with high uptime and real-time monitoring.
- Security & Compliance → SOC 2, GDPR, and enterprise-grade security.
10. Pricing & scalability
- Transparent & Scalable Pricing → No high upfront fees, with flexible pricing based on usage or revenue tiers.
- Supports PLG & SLG Models → Works for both self-serve product-led growth (PLG) companies and sales-driven businesses.
- Handles Scale Efficiently → Supports thousands of subscriptions and complex financial operations without slowdowns.
What makes Zenskar the best Maxio alternative?
Zenskar’s flexibility in pricing, fully automated revenue recognition, and seamless integrations make it the ideal solution for businesses looking for a scalable, modern platform. With robust support for complex billing models and a unified system architecture, Zenskar stands out as the top choice for mid-market and enterprise businesses needing advanced billing and financial operations.
- No engineering required: Unlike Maxio, Zenskar automatically maps raw usage data to relevant contracts and pricing models, eliminating the need for engineering teams to manage pricing-related identifiers. Usage can be sent directly from your database or uploaded via CSV or simple APIs.
- Flexible metering: Zenskar’s usage metering is independent of pricing models. This decoupling means usage data does not need to include contract or price-related identifiers, reducing engineering overhead and complexity. Zenskar’s system automatically determines the appropriate pricing and revenue recognition for each usage event.
- Unified system architecture: Zenskar operates as a single platform with no disparate systems, eliminating synchronization issues. Data flows smoothly through the platform, ensuring reliable and efficient operations.
- Comprehensive revenue recognition: Zenskar automates all aspects of revenue recognition, from deferred revenue and unbilled revenue to payment gateway expenses and liabilities. It supports ASC 606/IFRS 15 compliance and automatically adjusts revenue entries based on real-time usage and contract changes.
- Native entitlements management: Zenskar’s built-in entitlements management allows you to grant credits and track usage depletion without engineering intervention. This feature simplifies the process of managing entitlements and eliminates the need for complex workarounds in the product.
To test Zenskar’s automation and flexible billing capabilities, book a demo or take an interactive product tour.
Frequently asked questions
Everything you need to know about the product and billing. Can’t find what you are looking for? Please chat with our friendly team/Detailed documentation is here.
Zenskar provides the flexibility developers need with its powerful APIs and seamless integration capabilities, allowing for easy customization without requiring engineering teams to manage pricing-related identifiers.
Maxio’s reliance on manual updates for pricing and revenue recognition, combined with fragmented system architecture and limited reporting capabilities, makes it less suited for businesses requiring scalability and flexibility.
Some of the top features to evaluate a billing software are flexible pricing models, automated revenue recognition, multi-currency and multi-entity support, and seamless integrations with existing tools. A strong API and robust reporting capabilities are also critical for ensuring operational efficiency.
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