Running a subscription model with recurring revenues will increase your growth and improve the value of your business. Engaging into a “As-a-service” model is a shift into providing recurring value to your customers. Selling and billing your customers on a subscription model will bring predictability and stability.
Many businesses that have transformed into a subscription model can now better monetize on the innovation investments of their products and services.
Allow for flexible sales and commercial capabilities for your subscription offers. Define your value and determine the services and entitlements your customers can subscribe to.
Publish your subscription offering to all multiple legal entities and track performance. Build service plans and execute services delivery with
The increase and acceleration of subscription services has led to the introduction of ASC 606 and IFRS 15. These standards help software companies control their revenue recognition reporting in a compliant and standardised fashion.
Revenue recognition has 5 steps:
Subscription and licensing metrics and KPI’s are specific and time-bound. Annualised contract value (ACV), Annual recognised revenue (ARR), Net Revenue Retention Rate (NRRR) and Churn are crucial to monitor the business.
We have built the analytics data model already and your can use several reports and visuals out of the box. Not enough? Jump into Microsoft PowerBI and extend.
When decomposing the process parts of the subscriptions cycle, several action can be defined. Your process actions are schedule recurring deliveries or capture managed services plans, billing subscription, purchasing subscriptions, record revenue recognition, capture deposit, request renewal approval and much more. The Bluefort hyper automation approach to subscriptions drives the automation of a list of actions using a master service. Once actions are created, team members can firm and post them, or if you go fully automated even skip these steps.
Integrate with B2B ecommerce apps or customer portals using the out of the box API’s
Get access to bluefort’s online eLearning site for subscription management ERP
Rely on Microsoft’s Dynamics 365 modern business applications as the bases for your as-a-services model
LISA delivers a convenient and functionally rich solution for streamlined subscription life cycle management. LISA leverages the standard Microsoft Dynamics 365 product and pricing functionality, working seamlessly into the framework of Dynamics 365 Finance and Supply Chain to provide a tight integration with Sales, Projects and Purchasing.
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