As most of us would agree, one of the most compelling business models today is the recurring revenue model. Also known as subscription, recurring billing, or usage-based.Rapid progression in IOT, cloud computing, artificial intelligence, robotics, and mobile devices is empowering organizations to adopt these new models for generating new revenue streams. Recent studies have shared the […]
As we all know, the order-to-cash (O2C) process encompasses the financial and business processes that link buyers and suppliers when they work together. It starts when they connect to transact business and ends with the financial processes that close the payment obligation by receiving the dues leading to revenue recognition. Optimizing the O2C cycle could […]
Data-driven disruption is radically reshaping today’s markets and creating new ones. This disruption also informs changes in customer experience, not only in delivering goods and services on-demand, but also rapidly impacting supply chains and response systems. What makes this possible is fast and seamless movement of data and its accessibility. Data is the new age […]
As we all know, changing consumer demands are forcing companies to change their business models and adopt digital transformation strategies to stay competitive. IDC predicts that by 2022, over 60% of global GDP will be from digitally enhanced offerings, operations, and relationships (Source: Digital Business and Ecosystem‐Enabled Innovation Requires a New Kind of IT; March […]
Subscription-based business models can drive increased revenue through a wider variety of solutions and pricing options for customers, more predictable revenue streams, and increased engagement with–and loyalty from–customers. But getting there will require a major digital transformation for many businesses. by Tony Forcucci What began as a genius move to make enterprise software more affordable […]
The world of revenue management continues to evolve at lightning speed. From transformation to cloud-based systems to the continued rise of artificial intelligence and machine learning, the pace of new features and capabilities is rising at an unstoppable speed. The emergence of modern revenue management platforms has enabled the application of disciplined analytics that predict consumer behavior at […]
Today’s CFOs are operating in a world where finance trends and processes are constantly changing. In response to increased demand, organizations are rapidly undertaking automation of business processes. This blog discusses the latest trends and developments in finance that are expected to have the greatest impact on the order-to-cash (O2C) process. What does the future […]
A recent article by CIO.com explains that the fear of being disrupted by digitally native start-ups is pressurizing CXOs into looking at building smarter enterprises characterized by productivity, innovation and new business models. Legacy enterprises are thus turning to digital transformation, driven by clear business-focused drivers. Gartner Inc.’s annual global survey of CIOs, reveals that […]
