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MGI 360 Ratings - Chargify FEB 16 2016 Billing Management Systemsstems

MGI 360 RatingsWe re-iterate a 48 MGI 360 Rating and a Neutral outlook for Chargify.

Chargify is one a few SaaS billing management vendors that is profitable and majority owned by management. Chargify is an option for small companies and start-ups launching subscription-based solutions. Software companies find it relatively easy to integrate with Chargify. 24x7 support and a simple pricing model with no transaction fees are points of distinction for the company. Chargify lacks the resources to compete against larger, better funded competitors. However, we consider the company to be more stable than many of its peers due its conservative management and financial stability.   Chargify is focused on the SMB segment of subscription billing. With a small team comprised of seasoned industry veterans, Chargify provides an easy to use, well-supported solution for recurring billing. The product roadmap largely follows customer requests and like its immediate competitors, is constrained by relatively limited development resources. Chargify's business strategy is evolving, and it has yet to articulate a clear vision of which segments it wants to focus on. Small and growing businesses should consider Chargify on the basis of its current capabilities. Users requiring heavy customization or integration resources need to look elsewhere.  

Competitors: Recurly, Fusebill, CheddarGetter and a handful of low-end subscription-billing solutions  

About MGI360 Ratings: MGI 360 Ratings is a comprehensive system for evaluating technology companies. IT organizations use MGI 360 to track suppliers, assess purchasing risks and identify promising new vendors. Vendors utilize MGI 360 to track their markets and evaluate partners. Institutional Investors use MGI 360 for independent assessment of tech companies. MGI 360 ratings help lower costs, save time, reduce risks, and identify new opportunities.  

The MGI 360 ratings are on a scale from 0 to 100 and reflect company opinions of MGI analysts in five key areas on a scale of 0 to 20:

  • PRODUCT: How strong is the product competitive position
  • MANAGEMENT: How competent and experienced is the management team
  • CHANNELS: Does the company have a sales capability and channels needed to bring products to market
  • STRATEGY: Does the company have a realistic view of the opportunity and a compelling strategy for success
  • FINANCE: Is the company growing and profitable.

Each of these key criteria is subdivided into numerous sub-categories. In total, over 149 criteria are combined to generate an MGI 360 rating in each specific market space. Companies can have one or more MGI 360 rating - one for each market. MGI 360 ratings are revised as important developments occur. While the MGI 360 rating process is comprehensive, this scoring system is not meant to be a predictor of company solvency, liquidity, absence of accounting fraud or stock performance. Access to MGI 360 Ratings is by subscription.  

About MGI Research: MGI Research is an independent industry research and advisory firm focused on disruptive trends in the technology industry. Through subscription research, advisory engagements, industry studies and ratings, MGI Research helps clients identify opportunities for reducing IT costs and minimize technology risks. MGI Research analysts work closely with user organizations to create practical strategies for new technology initiatives such as mobile, virtualization, SaaS and cloud computing and make timely go/no-go IT investment decisions.   For additional information, to purchase a subscription or to schedule a confidential consultation, call +1 888 801-3644 or visit www.mgiresearch.com

 

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