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How to Overcome Common Recurring Billing Challenges? 10 September 2021
In today’s digital era, recurring billing is highly preferred by many of the businesses as well as customers. In a recurring billing process, a customer gets automatically billed or charged at a specific chosen intervals/frequency of time such as monthly, quarterly, annually etc. From popular video streaming platforms like Netflix to game streaming on …
Tips to Reduce Checkout Abandonment 10 September 2021
Have you ever added products in a cart but instead of checking out later, forgot about it completely? Yes, that’s how cart or checkout abandonment takes place. Be it e-commerce stores, or any other online business, cart abandonment is quite common and at the same time disappointing for the business owners as at the …
A Look into Global Subscription Billing Market 09 September 2021
The global subscription billing market is expanding fast, paving new paths for the players and stakeholders in this field. The market is set to expand at nearly 14% CAGR and reach over US $7.5 billion through 2025 from its benchmark of US $4 billion in 2020 globally. The revenue of the global market stood …
Top Subscription Billing Renewal Strategies to Increase Revenue 03 September 2021
Be it subscription based or any other business – increasing revenues is the most common goal for all enterprises. And recurring revenue contributes majorly to the overall profitability of any business. But, not all of your existing customers will become repeat ones or renew the subscription plans which is often a struggle for the …
Revenue Leakage: Common Causes and Preventive Measures 26 August 2021
Imagine keeping money in your pocket that has a hole at the bottom, unnoticed. Revenue leakage is that hole for your business which remains invisible until it becomes bigger causing severe loss for your company. And what’s more serious is that most of the time the business owners remain clueless about the sources of …
How to Start a Subscription Box Business: A Detailed Guide 25 August 2021
Subscription box businesses have gained immense popularity over the past decade. As stated in the recent report by Statista, the monthly expenditure of the U.S. subscribers on food and meal subscription boxes is US$ 74, while the same for clothing & fashion and technology are respectively US$ 64 and US$ 46. Starting from foods …
Role of Automated Billing in the EdTech Industry 12 August 2021
The EdTech industry has soared to greater heights in the past few years, with several startup unicorns paving the way and with the forced lockdowns and restrictions amidst the outbreak of the pandemic, the industry has set new paradigms through the increased adoption of digitization in the field. As stated by the recent Statista …
What is Open Source Billing? 10 August 2021
Open source billing as the name suggests, is an open source, free-to-use billing and invoicing software that helps businesses to process payments, generate and send invoices online with other added benefits. Open source billing is generally a go-to solution for the small businesses, freelancers or entrepreneurs due to several factors such as- Sometimes being …
Top SaaS Pricing Strategies to Optimize Revenue for Your Business 06 August 2021
The global SaaS market is expanding fast with the U.S. SaaS industry projected to reach over 191 Billion Euros by 2025, as stated in the latest Statista report. The leading SaaS companies such as Salesforce, Google Apps, Slack, and Dropbox, to name a few, are strengthening their positions even further, creating fiercer competition for …
Top Use Cases of Subscription Billing System 04 August 2021
If you follow the growth curve of online businesses over the past decade, you will find that for subscription-based businesses, it has spiked noticeably. According to a recent report by Statista, the U.S. OTT access revenue is projected to reach US$ 88 Billion by 2026 with the Netflix’s subscriber base set to reach 182 Million …
