Birst Helps Subscription-Based Businesses Multiply Their Revenue With New Recurring Revenue Solution Accelerator
San Francisco, CA, –
Birst, Inc., the leader in Cloud BI, today announced the launch of its new Recurring Revenue Solution Accelerator, giving subscription-based businesses the ability to maximize revenue, accelerate growth and reduce churn by putting fast, accurate and meaningful business intelligence (BI) and data analysis capabilities at their fingertips.
With the Birst Recurring Revenue Solution Accelerator, businesses offering SaaS, ongoing maintenance contracts and other subscription-based products and services can leverage Birst's award-winning platform to gain critical insight into key product and revenue performance and trending customer data, based on industry best practices. The new solution automatically captures data from NetSuite, salesforce.com and other information silos within organizations, analyzing it against pre-configured industry-standard KPIs to give businesses a clear view of current and historical performance, enabling them to proactively spot threats and opportunities with rich visualizations, customizable data dashboards and automated reports.
Subscription-based businesses face a much different measurement challenge than traditional product and service vendors. The Recurring Revenue Solution Accelerator fills that void by automatically pulling in data from existing sources and producing key metrics like product sales, customer data, renewal status, contract value, acquisition cost, payback period and more. With pre-built analytics, dashboards and reports designed specifically for the subscription-based model, Birst customers can rapidly deploy a full-spectrum BI solution and outperform their competition immediately.
"For organizations like ours that rely on recurring revenue, the Birst Solution Accelerator for Recurring Revenue is providing insight that is vital to both short- and long-term success. By delivering quick, easy access to these key metrics, Birst is fulfilling a tremendous market need that will continue to expand along with the prevalence of subscription-based products and services," said Brian Flood, Business Intelligence Analyst, OpenDNS. "With the actionable intelligence provided by Birst, OpenDNS is able to make better, faster decisions that allow us to keep up with our rapidly growing business. This new offering further demonstrates Birst's dedication to delivering meaningful answers to real business questions that significantly impact overall results."
The new Birst Solution Accelerator for Recurring Revenue automatically extracts live and historical data from NetSuite and salesforce.com, using pre-configured Extract, Transform and Load (ETL) scripts and star-schemas alongside built-in operational metrics and attributes, to analyze and add contextual meaning to the data. A library of pre-built visualizations, dashboards and reports display the data in an easy-to-digest format and give users the ability to customize parameters, attributes and metrics to their specific business.
"As a rapidly growing SaaS company, we well understand the key metrics that CEOs and CFOs require to measure the success of their organizations. The Recurring Revenue Solution Accelerator gives other SaaS companies that insight; they can simply turn on Birst, connect to cloud ERP and CRM applications and instantly get a dashboard with their organization's Magic Number, churn, customer acquisition cost (CAC) and bookings growth," said Brad Peters, CEO and Co-founder of Birst. "Birst's unique cloud BI automation capabilities give our customers the ability to experience this value with unprecedented speed."
To learn more about Birst's latest Solution Accelerator, register now for a live Birst webinar entitled Know Your Magic Number- Introducing the Birst Recurring Revenue Solution Accelerator, on December 5, 2013 at 10:00 am PT/1:00 pm ET.
Birst's award-winning solution provides rapid, enterprise-grade BI, including cross-platform correlation and analysis, plus rich data visualizations, giving companies of all sizes in every industry the critical insights they need to make smarter, faster business decisions based on up-to-the-minute data.
To see a live demo of Birst in action, or to learn more, visit www.birst.com.
Birst is the only enterprise-caliber Business Intelligence platform born in the cloud. Less costly and more agile than Legacy BI and more powerful than Data Discovery, Birst is engineered with an automated data warehouse and rich, visual analytics, to give meaning to data—all types and sizes. Coupled with the agility of the Cloud, Birst gives business teams the ability to solve real problems. Fast. Find out why more than a thousand businesses rely on Birst for their analytic needs. Learn to think fast at www.birst.com and join the conversation @birstbi.
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Stacey Collins Burbach