{"id":80,"date":"2021-03-04T13:55:00","date_gmt":"2021-03-04T13:55:00","guid":{"rendered":"http:\/\/grafterr-test.com\/?p=80"},"modified":"2023-04-06T16:19:14","modified_gmt":"2023-04-06T16:19:14","slug":"which-software-subscription-is-better-for-your-food-business-annual-or-monthly-billing","status":"publish","type":"post","link":"https:\/\/www.grafterr.com\/blog\/which-software-subscription-is-better-for-your-food-business-annual-or-monthly-billing\/","title":{"rendered":"Which software subscription is better for your food business \u2013 annual or monthly billing?"},"content":{"rendered":"\n<p>Subscription services have fast become the most cost-effective business model for industries. They give consumers easy access to the goods they want and businesses a regular and reliable source of income.&nbsp;<\/p>\n\n\n\n<p>And its software services where the subscription model is the most powerful.&nbsp;<\/p>\n\n\n\n<p>SaaS (Software-as-a-Service) is now a heavily-relied upon model for organisations of all shapes and sizes across the globe. And the SaaS market is worth <a href=\"https:\/\/www.statista.com\/statistics\/510333\/worldwide-public-cloud-software-as-a-service\/\" target=\"_blank\" rel=\"noreferrer noopener\">over 150 Billion USD<\/a>. Which is pretty huge!<\/p>\n\n\n\n<p>So, when it comes to running a successful food business, it\u2019s likely you\u2019ll be relying on cloud-based subscription services in all facets of your operation. From handling customers and delivery partners to your agricultural supply chain, SaaS services will be supporting every aspect. &nbsp;<\/p>\n\n\n\n<p>That\u2019s why we\u2019ve covered off some of the basics you need to know, to help you assess which subscription term will work best for your business.<\/p>\n\n\n\n<h2>How is SaaS used in the food industry?<\/h2>\n\n\n\n<h3>Dynamic Pricing<\/h3>\n\n\n\n<p>Managing food waste is no longer a \u2018nice to have\u2019, neither for consumers nor businesses involved in food.&nbsp;<\/p>\n\n\n\n<p>And that\u2019s where, as a SaaS service, dynamic pricing is helping to tackle food waste by analysing demand and food supply inventories. <a href=\"https:\/\/www.wasteless.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">AI-powered software monitors data<\/a> like expiry dates and adjusts the pricing to fit, at the point-of-sale. And this is almost like your \u2018reduced items\u2019. But instead, the system allows for automatic price reductions to encourage faster use, without waste.&nbsp;<\/p>\n\n\n\n<h3>Enterprise Resource Planning (ERP)<\/h3>\n\n\n\n<p>Several SaaS platforms are available to <a href=\"http:\/\/justfooderp.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">support the entire food production process<\/a>. And these range from account and project management to supply chain and operations. In general, Enterprise Resource Planning uses data to ensure quality and meet food standards.&nbsp;<\/p>\n\n\n\n<p>And this data impacts all areas of a business, including finance and accounting. In turn, this drives efficiencies in budgeting and financial forecasting. &nbsp;<\/p>\n\n\n\n<h3>Quality Assurance and Safety Testing Software&nbsp;<\/h3>\n\n\n\n<p>Food and drinks manufacturers take on huge responsibilities for health, safety and risk management. And SaaS platforms have changed the game for them.&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.qima.com\/food-safety\" target=\"_blank\" rel=\"noreferrer noopener\">SaaS software<\/a> helps businesses to check for food safety throughout the supply chain. But they also support IoT technology that\u2019s tracking the proper sanitisation of equipment and driving correct storage procedures.&nbsp;<\/p>\n\n\n\n<h3>Electronic Point of Sale (EPOS)&nbsp;<\/h3>\n\n\n\n<p>It\u2019s become critical for consumers to understand exactly what\u2019s lurking in their food. And as a food service provider selling direct to consumers, you can rely on your <a href=\"https:\/\/www.grafterr.com\/uk\/products\/epos-systems?utm_source=Grafterr+Blog&amp;utm_medium=Blog+Article&amp;utm_campaign=Article+Link\" target=\"_blank\" rel=\"noreferrer noopener\">EPOS system<\/a> to support this. SaaS software will run through most aspects of your EPOS hardware, from <a href=\"https:\/\/www.grafterr.com\/uk\/products\/online-ordering?utm_source=Grafterr+Blog&amp;utm_medium=Blog+Article&amp;utm_campaign=Article+Link\" target=\"_blank\" rel=\"noreferrer noopener\">online ordering<\/a> to <a href=\"https:\/\/www.grafterr.com\/uk\/products\/self-serve-kiosks?utm_source=Grafterr+Blog&amp;utm_medium=Blog+Article&amp;utm_campaign=Article+Link\" target=\"_blank\" rel=\"noreferrer noopener\">self-checkouts<\/a>.\u00a0<\/p>\n\n\n\n<p>At Grafterr, our technology meets your business needs and upholds the highest standards in safety, hygiene and service. In fact (and we\u2019re going to blow our own trumpet here) we\u2019re proud to have won \u2018Best SaaS Platform for Catering and Hospitality Businesses\u2019 in the <a href=\"https:\/\/www.cloud-awards.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">SaaS Awards 2020<\/a>.&nbsp;<\/p>\n\n\n\n<h2><br>What are the pros and cons of monthly billing?<\/h2>\n\n\n\n<p><strong>Pros<\/strong><\/p>\n\n\n\n<ul>\n<li>If you don\u2019t have the cash up-front for an annual subscription, monthly tends to be better for cashflow.<\/li>\n\n\n\n<li>Taking a monthly approach offers more flexibility, as you can cancel at any point.<\/li>\n\n\n\n<li>You have the freedom to try things out and gain a \u2018proof of concept\u2019 without making a full 12-month commitment.<\/li>\n<\/ul>\n\n\n\n<p><br><strong>Cons<\/strong><\/p>\n\n\n\n<ul>\n<li>Monthly transactions usually cost more in the long run.<\/li>\n\n\n\n<li>You\u2019ll need to handle monthly invoices and several entries when it comes to your accounts.<\/li>\n<\/ul>\n\n\n\n<h2>What are the pros and cons of annual billing?<\/h2>\n\n\n\n<p><strong>Pros<\/strong><\/p>\n\n\n\n<ul>\n<li>It\u2019s usually much cheaper than monthly instalments.<\/li>\n\n\n\n<li>Once it\u2019s paid as a full lump sum, you\u2019ll have peace-of-mind that your software will keep running.<\/li>\n\n\n\n<li>No admin headaches or multiple lines on your tax returns.<\/li>\n<\/ul>\n\n\n\n<p><strong>Cons<\/strong><\/p>\n\n\n\n<ul>\n<li>You may incur a fee if you want to cancel your commitment mid-way through the year.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Subscription services have fast become the most cost-effective business model for industries. They give consumers easy access to the goods they want and businesses a regular and reliable source of income.&nbsp; And its software services where the subscription model is the most powerful.&nbsp; SaaS (Software-as-a-Service) is now a heavily-relied upon model for organisations of all [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":472,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[37,36],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.grafterr.com\/blog\/wp-json\/wp\/v2\/posts\/80"}],"collection":[{"href":"https:\/\/www.grafterr.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.grafterr.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.grafterr.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.grafterr.com\/blog\/wp-json\/wp\/v2\/comments?post=80"}],"version-history":[{"count":7,"href":"https:\/\/www.grafterr.com\/blog\/wp-json\/wp\/v2\/posts\/80\/revisions"}],"predecessor-version":[{"id":2328,"href":"https:\/\/www.grafterr.com\/blog\/wp-json\/wp\/v2\/posts\/80\/revisions\/2328"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.grafterr.com\/blog\/wp-json\/wp\/v2\/media\/472"}],"wp:attachment":[{"href":"https:\/\/www.grafterr.com\/blog\/wp-json\/wp\/v2\/media?parent=80"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.grafterr.com\/blog\/wp-json\/wp\/v2\/categories?post=80"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.grafterr.com\/blog\/wp-json\/wp\/v2\/tags?post=80"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}