VERSICH

Subscription Price Automation Increases Revenue by 15% YoY

Subscription Price Automation Increases Revenue by 15% YoY

Background - The Client Challenge

A subscription-based business needed a way to automatically apply annual price increases to all active subscriptions in NetSuite to account for inflation and rising costs.

Their requirements included:

  • Applying price increases on each subscription’s anniversary date
  • Allowing exceptions on a case-by-case basis
  • Providing advance customer notifications before increases took effect

The client had explored third-party tools but found them expensive, non-native to NetSuite, and lacking the flexibility to match their exact process.

Our Solution

We developed a fully native NetSuite automation using coordinated scripts that eliminated manual updates while preserving flexibility.

  1. Next Price Increase Date Script
    • Identifies subscriptions due for an increase based on pre-defined logic.
    • Updates a custom “Next Price Increase Date” field that acts as the trigger for notifications and pricing changes.
    • Allows manual adjustments for special exceptions.
  2. Customer Notification Script
    • Runs one month before the increase date.
    • Sends a consolidated email to each customer listing all impacted subscriptions.
    • Gives customers time to review and respond before changes take effect.
  3. Price Increase Script
    • Executes on the effective date.
    • Updates pricing for eligible subscriptions using either a percentage-based or fixed-amount increase.
    • Supports both flat-rate and usage-based billing lines.

Business Impact

  • Revenue Growth: Achieved a 15% year-over-year increase in subscription revenue.
  • Revenue Protection: No missed price increases across 100% of eligible subscriptions.
  • Operational Efficiency: Eliminated manual updates and interdepartmental handoffs.
  • Customer Communication: Advance notice provided for all increases, reducing disputes.
  • System Simplicity: 100% native to NetSuite—no external platforms or integrations required.