Founders Journey - Baremetrics

Advanced Stripe Dashboards for Subscription Management

Written by Allison Barkley | September 30, 2024

Key takeaways:

  • Baremetrics simplifies Stripe analytics by offering detailed SaaS metrics in a user-friendly dashboard.

  • With Baremetrics, you can track essential KPIs like MRR, churn rate, CAC, and LTV in real time.

  • Baremetrics integrates seamlessly with multiple Stripe accounts and other payment platforms, providing a unified view of your subscription data.

  • Stripe’s basic reporting features are limited—Baremetrics fills the gap with granular reporting and advanced analytics.

  • Use Baremetrics to forecast revenue, reduce churn, and recover lost revenue from failed payments.

Why Use Baremetrics with Stripe?

Stripe excels at processing payments but falls short on delivering the in-depth reporting SaaS businesses need. 

Baremetrics bridges this gap by transforming your raw Stripe data into visually impactful and actionable insights. Instead of spending hours on spreadsheets, you get powerful automated dashboards showing granular reports and clear KPIs like Monthly Recurring Revenue (MRR), customer churn, and cohort analysis—all without lifting a finger.

Baremetrics also delivers 28+ SaaS metrics in real-time, offering you a complete overview of your business’s health. Want to dive deeper? You can view detailed metrics like upgrades, downgrades, reactivations, and more across your entire subscription base.

Check out our comprehensive breakdown of Baremetrics’ Stripe Analytics Dashboard.

Why Stripe Alone Isn’t Enough for SaaS

Stripe is excellent for processing payments, but its analytics fall short for businesses looking to grow and optimize their revenue. Sure, Stripe’s built-in dashboard offers useful overviews, but they are pretty limited when it comes to in-depth analysis. Need more advanced reporting? You’d have to pay extra for Stripe Sigma and know SQL.

Even with those options, getting the real-time metrics SaaS businesses rely on, like MRR, LTV, or customer churn, becomes time-consuming. This is where Baremetrics shines. By connecting Stripe to Baremetrics, you instantly unlock real-time updates and detailed reports that let you focus on what really matters—growing your business.

Are you curious how Baremetrics stacks up against Stripe’s analytics? Check out our Stripe vs. Baremetrics comparison.

Managing Multiple Stripe Accounts

For businesses running multiple Stripe accounts (say, across different products or regions), managing everything manually can be a nightmare. Luckily, Baremetrics makes connecting and monitoring all your Stripe accounts easy with one unified dashboard.

Whether you need insights on a single account or a consolidated view across all accounts, Baremetrics gives you the flexibility to track performance at any level—all updated in real time.

Ready to streamline your accounts? Learn how Baremetrics handles multiple Stripe accounts.

Integrating Stripe with Other Payment Providers

If you’re processing payments through platforms besides Stripe—whether it’s Braintree, Recurly, App Store Connect, Google Play Store, Shopify, Chargebee, Xero, or QuickBooks—Baremetrics can still help you track everything in one place. With Baremetrics, there’s no need to juggle multiple reports or dashboards.

You’ll get a unified view of metrics like MRR, churn, and LTV, even when payments are processed through different providers. This makes it easier than ever to get a full picture of your subscription business’s financial health.

Discover how Baremetrics works with multiple payment providers to unify all your subscription revenue sources.

Essential Metrics for Stripe Users

For subscription-based businesses, tracking the right metrics is crucial for sustained growth and profitability. Stripe users need to stay focused on the metrics that matter to make informed decisions. Let’s explore the most important reports and metrics and how Baremetrics simplifies access to these insights.

Billing History 

Your customers’ billing history is vital for managing revenue, handling disputes, and reconciling accounts. With Baremetrics, you can quickly access a detailed breakdown of every customer’s payment history in seconds. 

We’ve all been there—you need to investigate a discrepancy in a customer’s payment history or quickly review who is delinquent at the end of the quarter. Baremetrics gives you the power to find these details in seconds.

See how you can track Stripe customer billing history easily with Baremetrics.

Churn Rate

Churn—whether it’s customer churn or revenue churn—can make or break a subscription business. However, manually calculating churn is both time-consuming and error-prone. Baremetrics automates this process, providing up-to-date customer and revenue churn rates at a glance so you can focus on reducing churn instead of calculating it.

Learn how to calculate churn automatically using Baremetrics and Stripe.

Customer Acquisition Cost (CAC)

Tracking your customer acquisition cost (CAC) manually, especially when combining data from different channels, is tricky. Baremetrics automatically tracks your acquisition costs, giving you insights into how much you spend to bring in new customers. It even breaks down CAC by different segments, helping you optimize your marketing spend. For example, you may discover you’re spending more to acquire customers through mobile app stores, even though they don’t retain as long as those you convert on your website.

See how Stripe users can calculate CAC with Baremetrics.

Customer Lifetime Value (LTV)

Lifetime value (LTV) is another difficult-to-calculate metric, yet another that’s always readily available and up-to-date within the Baremetrics dashboard. 

This is particularly important because the metrics used to calculate LTV aren’t fixed and are often in flux. Businesses need to make sure they have current and accurate information when making strategic business decisions.

Check out our guide on calculating LTV with Baremetrics and Stripe.

Beyond the Basics

Forecasting Stripe Revenue

Revenue forecasting is essential for SaaS businesses, allowing founders to predict future income based on current subscription metrics. With tools like Baremetrics, you can generate forecasts using historical data like Monthly Recurring Revenue (MRR), churn rates, and customer growth trends.

These projections help you make informed decisions on budgets, hiring, and marketing while ensuring you're prepared for growth fluctuations. Understanding trends and utilizing automated tools allows you to create reliable financial models that adapt to your business's performance.

Want to learn more about Stripe revenue forecasting? Click here.

Financial Modeling with Stripe

Financial modeling goes beyond revenue projections—it incorporates detailed accounting data like Cost of Goods Sold (COGS), operational expenses, and cash flow to help you build accurate financial forecasts. With Baremetrics, you can perform scenario planning to evaluate different financial outcomes based on potential changes in revenue or expenses. This enables more effective decision-making for annual budgets, ensuring you allocate resources strategically and maintain long-term financial health.

With Baremetrics, you can plan smarter, forecast your financial future, explore scenarios, and optimize budgets using real-time data from your subscriptions and accounting data.

Recover Lost Revenue

Failed payments can be a silent revenue killer for Stripe users. Baremetrics helps you automatically reduce failed charges by using email reminders and in-app notifications to ensure your customers update their payment methods.

With Recover, Stripe users can effortlessly reclaim lost revenue and minimize churn from payment failures—without lifting a finger. Keep that revenue stream healthy and growing!

Never let failed payments drain your business—recover revenue automatically with Baremetrics Recover. 

Understanding Why Customers Leave

Cancellations are inevitable, but understanding why they happen can help reduce churn and improve retention. Studies show that SaaS companies with proactive churn management can reduce churn by up to 30%. Baremetrics’ Cancellation Insights provides an in-depth analysis of customer cancellation reasons, giving you the data you need to take action. Whether it's a pricing issue, product fit, or support experience, these insights allow you to identify patterns and implement strategies to keep customers engaged before they churn.

Turn customer feedback into your secret weapon against churn with Baremetrics Cancellation Insights.

A better subscription dashboard for Stripe 

Stripe is an excellent payment processor, but it falls short when it comes to robust analytics. Baremetrics steps in to fill that gap, offering detailed subscription metrics that go beyond Stripe’s basic reporting. Baremetrics’ revenue analytics can step in to save the day. 

By integrating Stripe with Baremetrics, you benefit from the strengths of both platforms: Stripe’s dependable payment processing and Baremetrics' sophisticated SaaS analytics. Whether your goal is to monitor churn, predict revenue, or reclaim lost payments, Baremetrics equips you with the necessary tools.

Ready to optimize your subscription business? Learn more about the Baremetrics and Stripe integration.