Customer story
Recurring billing automation
Set up monthly/annual subscription invoices that send automatically.
ereQa for SaaS Companies
Automate billing. Track MRR. Focus on product.
SaaS founders and finance teams use ereQa to automate subscription billing, track monthly recurring revenue, and manage expenses as they scale.
Nigeria's software startups bill a mix of local subscribers in naira and international customers in dollars. ereQa automates recurring invoices, tracks MRR and churn, handles multi-currency billing, and produces investor-ready reports — so founders can ship product instead of wrangling spreadsheets.
Sound familiar?
Common challenges we solve for SaaS Companies.
- Manual subscription invoicing eats engineering time
- No clear MRR/ARR tracking dashboard
- Churn and failed payment tracking is reactive
- International customers need multi-currency invoices
Built for your workflow
Everything you need
Revenue metrics
Track MRR, ARR, growth rate and revenue per plan in one dashboard.
Multi-currency invoicing
Bill customers globally in 18+ currencies with automatic conversion.
Payment reminders
Auto-chase failed payments and expiring subscriptions.
Expense management
Track hosting, tools, payroll and marketing spend for accurate burn rate.
Financial reporting
Generate P&L, cash flow and runway reports for investors and board meetings.
"We were using 4 different tools for billing. ereQa replaced them all and our finance ops now runs itself."
Chidi A.
SaaS Founder · Lagos
Subscription revenue is predictable in a way project revenue never is, and that predictability is only useful if it is measured. Most early Nigerian software businesses know last month's bank balance and not their monthly recurring revenue.
The numbers that describe a subscription business
Four figures tell you almost everything, and none of them are visible from a bank statement:
- Monthly recurring revenue — the contracted monthly total, independent of when the cash arrives.
- Churn — the share of that base which cancels each month, and the revenue it takes with it.
- Expansion — existing customers moving to higher plans, which is the cheapest growth available.
- Cost to serve — hosting, support and payment fees, which decide whether an 80% gross margin survives contact with reality.
Annual plans complicate this deliberately: cash arrives in one month for service delivered across twelve, so the bank balance overstates the month it lands and understates the eleven after it.
Billing that does not need attention
The operational requirement is unglamorous. Invoices must go out on schedule without anyone remembering, failed payments must be retried and chased, and upgrades and downgrades must be pro-rated correctly mid-cycle. Any of those handled manually becomes the constraint on growth long before the product does.
For Nigerian customers that means putting your naira account details on every invoice rather than routing everyone through a card processor built for another market, and it means a payment link that opens in WhatsApp, because that is where the follow-up conversation is already happening.
VAT on software sold from Nigeria
Software and digital services supplied locally are standard-rated at 7.5%. Exported services are zero-rated, which for a business selling to customers abroad means charging 0% while remaining able to reclaim input VAT on your own costs — a genuinely favourable position once you are registered.
Registration becomes mandatory at ₦25,000,000 of taxable supplies over twelve months. A subscription business crosses that threshold on a predictable date, which is a rare advantage: you can plan the registration rather than discover it.
Questions
Frequently asked
Can I bill customers automatically each month?
Yes. Recurring invoices go out on a weekly, monthly or custom schedule with payment status tracked automatically, so the only thing needing attention is a failure rather than the whole run.
How do I handle annual plans in my accounts?
The cash arrives once but the service is delivered over twelve months. Recording it as a single month of revenue overstates that month badly; spreading it across the period the service covers gives a monthly figure that means something.
Do I charge VAT to customers outside Nigeria?
Exported services are zero-rated, so you charge 0% while retaining the ability to reclaim input VAT on your costs. The treatment depends on where the service is consumed, which is worth confirming with an adviser for a mixed customer base.
Keep going
Related tools and reading
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