What is a Subscription?
Subscriptions are the operational vehicle of an agreement with a customer, which means they are used to help provide goods that a customer should receive, and inform billing that the customer has agreed to. Turnstile manages all of your subscriptions in one place, for everyone on your team from Customer Success to Finance.
A subscription can come from two sources:
A quote created within Turnstile that was accepted and signed
A subscription that was added directly to Turnstile
Once a subscription exists it will have information reflecting terms of the agreement such as:
Customer
Total Contract Value
Products
Terms
Start and End dates
Contract PDF (optional)
This data can be viewed by opening up a subscription, and also drives downstream processes such as billing & invoicing.
Subscription Statuses
The subscription status indicates whether the customer has access to your product or service in a given period. For example, an active subscription means it is in progress and active for a customer. The status of a subscription does not indicate automation of invoicing.
Subscriptions can have 5 statuses:
Draft: A subscription in this state is in the process of being created but it is not yet finalized.
Active: A subscription in this state is in progress and active for a customer, which means they are receiving benefits or services associated with the subscription.
Upcoming: A subscription in this state is scheduled to become active and the start date is in the future.
Lapsed: A subscription in this state has passed its contractual end date but has not been renewed or terminated. It may be going through the renewal negotiation process and hasn’t yet been finalized.
Inactive: A subscription in this state has been terminated via user action, whether to create a new subscription based on a renewal agreement, or a customer churn.