Because there is an estimated For many companies recurring revenue represents OF REVENUE. 30% + Because acquiring a new Customer can cost by contacting customers before expiration. worth of uncaptured recurring revenue opportunities per year. That’s roughly the same as Samsung giving away 20 million laptops. before expiration after expiration 1 the amount of retaining an existing customer. 30 billion $ Retain more customers with increased customer reach. Gain better insight into customer behavior and buying patterns to tailor sales and retention efforts. 7X 6 5 100s hours systems of data elements 35 Because renewal rates can increase up to % + Drive Revenue from Renewals Why Is Recurring Revenue Important? And upwards of OF PROFIT. 1 50% decrease in customer defection 5% results in a increase in a company´s profit. 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 spreadsheets to manage recurring revenue. What if you could change that? Below are three proven methods that 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 a dedicated solution, up to That’s 3/4 of an average workday not selling. and 1/4 core function 3/4 non-core function to toggle between systems to prepare a single quote. 1 must be accessed for a single renewal. 1 WHY? HOW? Inform sales strategies for renew, up/cross-sell, and product refresh opportunities. Develop best practices and renewals sales methodologies. HOW? HOW? June 24 Cleanse, merge, and analyze data for a completed picture of your entire renewal business. Access real-time data with in-line dashboards to inform management decisions and execute sales strategies. Use accurate analytics to align resources and prioritize opportunities.