Subscription Management Software

      Subscription Business Trends For 2020 With the beginning of new decade, the subscription industry also brings the better ways to innovate with unique approaches, generate latest revenue streams and engage customers. Below given are the five subscription business trends that are expect to work well in 2020. More Focus on Customer Retention Subscribers are more devoted, more emotionally attached to your brand and create higher revenue during their lifespan than other customers. Though to make it all possible, organizations have to take extra care for them. In the subscription industry , more than the customer acquisition customer  retention is significant .  Subscriber churn is one of the major challenges of subscription marketing. As per reports, subscription companies loses almost 34% of their customers due to subscription churn. Effective customer retention can solve the problem of churn by securing the long-term revenue generated by...

    ChargeMonk Revenue Optimization Engine As per the survey, recurring transactions are declined by 15 percent each month. Due to which there is a loss of revenue often and it is necessary to any  subscription business to fix these problems. The revenue optimization engine of ChargeMonk by means of machine learning applies an individually-personalized and effectual retry schedule for the failed transactions so that they can process effectively. It is because of this technology that the subscription businesses recover failed subscription renewals by 61 percent on an average. In addition to this, it decreased the churn of subscriber and increased payment success rate revenue that results from the failed transactions. Artificial Intelligence & Machine Learning   Progressively, machine learning and Artificial Intelligence (AI) are being used to intelligently and efficiently evaluate huge sets of data to recognize patterns, which can be ...