The subscription economy has outperformed S&P 500 in terms of revenue growth for more than five years. Changing workforce dynamics, customer demands and business value differentiation have led businesses to revaluate their business models and offer their core services or products on a subscription model.
Regardless your industry, key drivers for successful subscription management include:
- Process automation
- Data analytics
- Improved customer experience
- Compliance with GDPR, IFRS 15 and ASC 606
Specific industries often have additional requirements, for example Retailers might offer subscription boxes with unique niche products and require a strong supply chain and deliveries, as well as personalised prediction. Technology and SaaS companies need additional flexibility to manage complex subscription types which could include managed services as part of a project.
Bluefort has proven expertise with modern subscription management for a variety of industries including SaaS & Technology, Financial & Professional Services, Retail, Healthcare and Media.
Bluefort understands the complexities experienced throughout the organisation to effectively and efficiently manage the subscription lifecycle:
- Financials and accounting
- Operational including supply chain
- Information technology and architecture
- Advanced reporting and analytics
Ready to scale up your subscription business? Take the next step to gain the competitive edge with modern subscription management.