THE TIME TO ACT IS NOW VALUABLE RESOURCES ARE BEING SQUANDERED The financial, hardware, software and human resource costs you are sinking to maintain a homegrown monetization platform or customized ERP solution are simply being wasted. COMPETITORS ARE SPRINTING AHEAD OF YOU Your competitors and unexpected entrants to your market are moving quickly to disrupt your industry and gain the upper hand. YOU’RE MISSING THE PIECES NEEDED TO EXECUTE You have the right product ideas, creative capabilities and opportunities, but finance and IT are powerless to support your rapid innovation without the right technology. MONEY IS BEING LOST Your existing subscription and recurring revenue models are plagued by inaccurate and untimely billing, payment failures and dunning challenges leading to revenue leakage and lost dollars. CUSTOMER EXPERIENCE AND RETENTION IS AT RISK You are missing an opportunity to engage your customers in a meaningful way, jeopardizing customer retention and renewals. THE PATH TO RECURRING REVENUE SUCCESS A leading networking equipment company with a well-established brand in consumer retail, B2B and the communications industries saw an opportunity to generate new revenue streams by entering the burgeoning IoT market. The company had no experience launching IoT products or recurring revenue models. The organization wanted to bring the new product line to market quickly but lacked the billing systems or resources necessary to begin generating and maximizing IoT revenues. The company selected Aria’s cloud-based monetization platform, due in large part to its ability to easily integrate with existing CRM, ERP and payments systems; sync customer data with the existing provisioning system; track behavior and stand up an exceptional self-service experience. It took the company less than a year following the deployment of Aria’ platform to successfully launch new IoT-enabled devices and related subscription services. Since then, both the total number of accounts and monthly revenue have tripled. The company is projecting exponential growth as the scalable nature of Aria’s system allows them to continue launching new and innovative products, services, packages and bundles as the scalable nature of the Aria system will allow them to continue bringing to market new and innovative products, services, packages and bundles. Aria has allowed us to keep pace with the growth – whether it’s 10, 20 or 1,000 times over – we don’t have to worry about the billing system creating a bottleneck. – Chairman and CEO
Recurring Revenue eBook Page 6 Page 8