News & Views
ROI Calculator for Renewtrak
Automated renewals specialists, Renewtrak (www.renewtrak.com) launches its ROI calculator specifically for CFOs and finance professionals to show customer success and custom savings made through digital transformation and automation.
Effectively managing renewals is a critical component of almost every service business. For tech companies, and SaaS companies where approximately 18 % of technology vendor revenue is centred on renewing support, maintenance or licensing contracts, Renewtrak has created a whole new business model.
“Until recently the business model has generally been to outsource all renewals to lower cost call centre bases. Our customers and their clients have had to ignore low value renewals due to the time and resources required to secure the renewal,” explains Nick McMenemy, CEO Renewtrak.
“What they needed is a simplified experience, backed by accurate data and automation that can run at scale and Renewtrak provides automated renewals management that can help customers achieve 45% increase in revenue growth, and over 60% improvement in profitability, and improvement in customer retention rates of 60-80%.”
Impressive figures for the CFOs, and the business alike.