While credit cards are popular, real-time and alternative payments are the wave of the future. Subscription companies that adopt real-time payments will improve revenues, reduce payment churn, and burdensome payment processes.
The subscription business model offers companies a fast track to growth, offering just about anything from entertainment streaming services to renters' insurance. Yet to harness that growth potential, businesses need a subscription-centric billing solution that can keep up with their vision, market demands, and innovation in products and services. At a certain point, however, an upgrade from a legacy billing approach to a more capable billing platform is necessary to handle the volume and complexity of recurring revenue operations, as well as facilitate growth at scale. Here are five billing considerations to help guide your decision-making process.
One important reason why electronic payments continue to gain popularity is that they’re easy and convenient. In the subscription industry, there are...
In these trying times, subscription businesses need to ask themselves what their responsibility is to their customers. Do they suspend payments? Offer free subscriptions? How do they stay connected with their subscriber base during these times? Vindicia's Jesus Luzardo explores how to do the right thing by your subscribers.
Future Forward: How Subscription Intelligence Can Increase Revenue, And Be the Game-Changer, In A Post-COVID-19 World
How you can propel lasting relationships with customers by lending a helping hand during the pandemic with the power of data, to increase revenue, decrease churn and ultimately improve the overall customer experience.
We’re seeing a total revolution in the consumer economy. Today’s customers aren’t just choosing brands based on price or products; they’re choosing brands that make a statement about their identity.
One of the most effective strategies for attracting new customers is to offer subscription bundles, pairing multiple products or services at discounted rates.
Subscription-based businesses are beginning to realize that the true indicator of growth and company longevity has more to do with a flourishing customer retention rate. Simply put, the customer retention rate reflects your company’s ability to maintain company-consumer relationships over a period of time. Casey Padgett walks through how to calculate your subscriber retention rate and 5 tips on how to improve it.
To be able to respond effectively to quickly changing market dynamics, finance teams need a strong technical foundation with built-in scalability, security, compliance, flexibility, and adaptability, also known as “Platform Extensibility.” With platform extensibility, if you can conceive it, you can create it and launch it while automating business processes, reducing errors, saving time, and most importantly – increasing customer satisfaction. This “platform extensibility” is what accelerates your ideas into revenue.
Don’t forget the “Forgotten Funnel” at the back end of your business to keep a healthy volume of loyal, paying customers. Here then are 25 reasons why a payment might be declined in your subscription-based business. Gravy.io’s Casey Graham outlines strategies to recover all 25 of them.