Best Subscription Management and Billing Software 2023
Nowadays, people don’t want to clutter their houses with things that have a one-time utility. Such a minimalist approach triggered the need for a hard form of a newspaper to be replaced by the e-papers, movie, and music CDs with cloud-based services. With time, customer behaviour changed, and this change
It has not been long that businesses have started understanding and acknowledging the role of customer success in customer retention, smooth business process management, and ultimately, business growth. In a decade only, the customer success job has evolved and gained traction from mere account management to a dedicated business process
Gone were the days when artificial intelligence is a tall tale of science-fiction literature and movies. With the inventions like Alexa, Siri, and other devices that can easily process natural language, recognize voices, and coordinate, accordingly, it is a household now. The landscape for the implementation of artificial intelligence has
The emerging technologies and the new disrupting business models have empowered the business landscape like never before. From wholesale and retail businesses to SaaS and rentals, they are facilitating the merchants from across the avenues to explore revenue and growth opportunities for their businesses. The new-age subscription-based economy further paves
AI or Artificial Intelligence is considered the future of human communications, relationships, perceptions, and evolution. It may not replace human interaction but can ease their workload in different ways. Identification of logical reasoning in a set of data or automation of the repetitive tasks to be managed by machines, with
Selling SaaS is a whole different science of subscription business, even. The SaaS sales cycles are expensive and are affected by the contributions of each subscriber. The best way to keep the recurring revenue intact without increasing the costs of acquisition is to offer the free version of the SaaS
Hundreds of thousands of people have subscribed to Netflix or Spotify to get along with their entertainment available with unlimited options. A gym subscription is a promise we have made to our health and well-being. And, the baking supplies subscription box is the best gift anyone can give to their
From exploring the data through connected devices to untangling the complex and unstructured data sets to formulating the tech-driven workflow and policy management, insurers are all set to remodel the businesses. The disruptive technology advancements and an increased competition trigger a rapid-switch need to explore the new-age business model—the subscription
MRR is the Monthly Recurring Revenue that a SaaS or subscription business earns every month with the subscription billing. MRR is the most attributing metric to monitor and report the sales, profit, and revenue growth. MRR is not a single metric. It is in fact a whole set of metrics
Can you imagine the sales and reputation of some of your favorite brands without their advertisement and marketing? Apple, Amazon, and Microsoft need marketing notwithstanding their software is the need of modern times. Their marketing teams get active as soon as their new products are ready for launch. So, marketing
Those who have used Netflix and Disney+ would have a fair idea of the importance of subscriptions. These websites allow their subscribers to watch the latest videos. One who purchases the subscription pays a monthly or annual fee for the subscription. The subscription models are not limited to these platforms
The AI-led subscription management has proven a precursor in optimizing recurring revenue. It offers features that intelligently identify the needs, expectations, behaviours, and interests of the customers. Price optimization is one of them. According to McKinsey, AI-based pricing can add up to $500B revenue in global market value, whereas BCG
