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This blog post was originally published on the Leapfin blog. We’ve made some slight tweaks to the content. Despite the proliferation of the subscription business model, most ERP and CRM systems aren’t built to handle the unique complexities associated with recurring revenue, from constantly evolving plans, changing billing modes,...
Some things just go perfectly together: peanut butter + jelly, movies + popcorn, and businesses + payment gateways. OK, payment gateways aren’t quite as exciting as great food and entertainment. But if you care about taking payments the right way, implementing the right payment strategy can make a meaningful difference...
It’s no secret that the SaaS recurring revenue model has soared in popularity among tech companies—according to research by Ernst & Young, 90% of technology organizations are planning or are in the process of shifting to a subscription-based model. Unfortunately, only 55% consider themselves ready for this shift. ...
It seems like every industry, from fitness and fashion to entertainment and education, has embraced the subscription business model in one way or another. With recurring payments everywhere you look, you might feel tempted to think there’s no more room for innovation in the subscription space. Ask companies like Wyze,...
Acquiring new subscribers and revenue streams are top priorities for subscription brands across the globe. As you look toward expanding your global footprint, you should consider the opportunities and the unique challenges that come with cross-border expansion. This article will help you chart your course with a collection of informative...
It happens every six months like clockwork: brand marketers in every industry stop what they’re doing and turn their attention to the “Taking Stock with Teens” survey conducted by analyst firm Piper Sandler. The firm’s semiannual report helps companies gain insight into the habits and mindsets of young consumers,...
From Porsche launching a subscription service that lets customers drive whichever Porsche vehicle they desire to many more companies innovating in the “XaaS” (everything as a service) model, recurring revenue companies are innovating with their pricing strategies to retain customers and scale with evolving business trends. A great way...
"What makes a subscriber better than a one-time customer is the journey...the full experience the subscriber gets to be a part of." This quote, from a recently-hosted subscriber lifecycle workshop, is poignant and pervasive. Because it's true, and especially true for the recurring revenue model. Subscriptions, memberships, XaaS, it's...
Last week, we discussed how a well-thought-out payments strategy can fuel growth for subscription business. Today, we're thrilled to announce some major advancements for the Recurly platform that will help merchants put together an even more comprehensive payments strategy. Our press release is below. Recurly launches Wallet in a...
There are certain well-worn areas businesses focus on to accelerate growth. You know that to drive acquisition, you need to learn more about your customers, run hard-hitting marketing campaigns, and come up with offerings so great that your customers will spread the word about them. But one strategic lever many...