drive higher revenue from renewals
DESCRIPTION
See how you can make the most of your renewals and learn recurring revenue best practicesTRANSCRIPT
Because thereis an estimated
For many companies recurring revenue represents
OF REVENUE.30%+
Because acquiring a new Customercan cost
by contactingcustomersbefore expiration.
worth of uncapturedrecurring revenueopportunities per year.
That’s roughly thesame as Samsung givingaway 20 million laptops.
before expiration after expiration1
the amount of retaining anexisting customer.
30billion
$
Retain more customers with increased customer reach.
Gain better insight into customer behavior and buying patterns to tailor sales and retention e�orts.
7X
6 5100shours systemsof data elements
35Because renewalrates can increase
up to
%
+
Drive Revenue from RenewalsWhy Is Recurring Revenue Important?
And upwards of
OF PROFIT. 150% decrease in
customer defection
5% results in a
increase in a company´sprofit.2
3
25-80%
Renew OnDemand™ is the first cloud application specifically built to transform recurring revenue management into a strategic, methodical practice so you can
unearth hidden growth potential across your business and capture lost revenue.
Typically, businesses cobble together systems or use manual processes and spreadsheetsto manage recurring revenue. What if you could change that? Below are three proven methodsthat can help you improve sub-optimal renewal rates and increase revenue for your company.
Improve Customer Retention
Increase Recurring Revenue and Profitability
Gain Business Insight
How Can You Do All of This?
WHY?
WHY?
Because it takes a sales rep an average of:
Without adedicatedsolution, up to
That’s 3/4 of anaverage workdaynot selling.
and
1/4 corefunction
3/4 non-corefunction
to toggle betweensystems to preparea single quote. 1 must be accessed
for a single renewal. 1
WHY?
HOW?
Inform sales strategies forrenew, up/cross-sell, and product refresh opportunities.
Develop best practicesand renewals salesmethodologies.
HOW?
HOW?
June
24
Cleanse, merge, and analyzedata for a completed pictureof your entire renewalbusiness.
Access real-time data within-line dashboards to informmanagement decisions and execute sales strategies.
Use accurate analyticsto align resources and prioritize opportunities.