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More and more companies are finding creative ways to add recurring revenue streams to their business model. Examples of industries that are adding and expanding recurring revenue models include:
Businesses that can offer customers value through a regular billing model have more predictable revenues to get them through the ups and downs of the economy.
Manage Recurring Revenues automatically
To make the most of a recurring revenue program, you need a system that will bill customers correctly every time without manual effort. Using spreadsheets and limited function accounting programs take too much time and are prone to errors – which customers will not appreciate.
An ERP system will help you manage the process easily and ensure customer satisfaction. You and your customers will get the most value from your recurring revenue program with:
Now is a great time to look for new sales opportunities. Recurring revenue can help you build your business and serve customers better. Let’s talk about how you can manage new business models with ERP.
Published on 14th December 2013 by Jeanne DeWitt.