MGI Research estimates that amongst digitally‐focused US‐based businesses attempting a first‐time global expansion, nearly 70% either fail or experience meaningful delays and cost overruns.
BluLogix global customers are challenged with many issues addressed in MGI’s latest report “How to Scale Monetization Globally”. Global Monetization in the digital economy is very different than a traditional international business model. This is especially true with SaaS and IoT Companies moving to a subscription model.
The driving criteria for success for our global customers in an awareness of the issues that don’t typically existing in other models. One good example is the fact that a Company may not be able to control what Country a buyer originates from.
How do you then manage to stay in compliance local tax laws and other regulations related to doing commerce in that country? In what currency are you going to transact the business, using what payment method?
Globalization is huge opportunity for growth and can be navigated but not without right technology solutions that enable automation at the transaction level.