More and more companies are looking to improve their revenue and drive sustainable growth by scaling their subscription offerings. They are looking to increase business growth and resilience by moving from one-time sales to recurring revenue. But organizations need to proactively design and manage subscription offerings to drive real growth.
MGI Research’s MarketLens™ Reports map a select group of billing software products against a set of coordinates that combines Billing Volume (BV) and Billing Complexity (BC) and Billing Complexity (BC) and Billing Agility (BA).
Like many other departments, finance teams are facing complicated struggles in a quickly changing world, yet they’re contending with unique challenges all their own. Whether it’s the rapid evolution of technology, recurring revenue complexities, growing attrition rates or the wake of the global pandemic’s effect on personnel, finance teams have a rocky road ahead.
There are obvious challenges when shifting your business to a subscription model, however, what many organizations don’t consider is the hidden minefield of unexpected challenges once you commit to one. In our latest guide, we unpack the five questions every business transitioning to recurring revenue needs to ask before making that shift.
For manufacturers, the time is now to move beyond subscription billing in order to maintain success and growth in the digital age. In our new guide, discover how customer demand in billing is evolving and how to prepare your manufacturing business for the coming changes.
Legacy platforms aren’t handling the shift from subscription to consumption billing well, leaving many organizations struggling with large amounts of complex data. In our guide, discover how to tackle this evolving paradigm, find a win-win solution for your customers and boost your bottom line in the process.
Increased emphasis on agility in finance and sales operations is often seen strictly through the prism of increased speed metrics such as time to market and time to revenue. Yet, equally important in this context are the ability to rapidly create new capabilities from existing functions. This requires that organizations unpack the capabilities contained in the traditional “functional boxes”. In this research report we discuss how creating new capabilities of components of existing finance automation solutions can help organizations create proactive revenue management capability with a direct and immediate impact on both topline growth and bottom line profitability.
Bad relationships with outdated software are causing your organization to miss new revenue opportunities. In our new guide, find out how your legacy billing platform is hurting your bottom line with missed new opportunities, and discover how to streamline your processes when your business has outpaced your current platform.
In our new guide, find out how to leverage the future of billing with a Marketplace and gain the insight you need for B2B monetization in the digital age. Don’t let outdated technology and processes hold your business back any longer – Marketplaces offer repeatable, sustainable, and significant sources of revenue.
If you are in the market for billing software, you know it’s an environment full of different terminology used to describe related ideas. Billing. Invoicing. Subscription Management. Recurring Revenue Management. And, our personal favorite - Monetization. All this terminology confusion can make it difficult to sort through what vendors are trying to sell you and, more importantly, what a particular solution will deliver.
The subscription model is taking over — and it’s much more than just billing. Is your organization prepared to evolve and implement an end-to-end infrastructure before it’s too late? Maybe you’ve already started down the path of adopting a subscription model but, unfortunately, there’s a hidden challenge many organizations don’t even consider