Recurring revenue management provider ServiceSource has announced availability of Renew OnDemand, a cloud application designed to help VARs maximize recurring revenue.
RenewOnDemand is software suite that includes such standard components as analytics, sales, operations, installed base, and channel applications. According to ServiceSource, this enables VARs to:
- Increase recurring revenue and profitability by arming sales and channel partners with the tools, analysis, and best practices to maximize recurring revenue;
- Improve customer retention via a better understanding of customer behavior and buying/churn patterns, enabling companies to make better decisions about retaining installed-base customers;
- Gain business insight with renewals-specific key performance indicators, embedded analytics, and cross-industry benchmarking.
“In an economy where a 10 percent increase in customer retention can result in a 30 percent increase in the value of a company, no CEO, GM, or vice president of sales can afford to ignore this opportunity,” says ServiceSource CEO Mike Smerklo. “Renew OnDemand is a game-changer for the industry.”
Renew OnDemand is built upon a secure and scalable cloud architecture designed to easily integrate with CRM, ERP, and other critical business applications.