Subscription Renewals on Salesforce CPQ
The new system has streamlined their pricing process, reduced errors, increased efficiency, and resulted in significant cost savings and revenue growth.
Our client is a leading provider of software solutions for businesses operating in the IT industry. With a growing customer base and increasing demand for subscription-based services, the company was facing several challenges in managing renewals and delivering a seamless experience to customers. To overcome these challenges, they approached us to implement Salesforce CPQ Cloud with a focus on subscription renewals.
The client was facing several challenges in managing subscription renewals, including:
- Lack of visibility: The company did not have a centralized system to track subscription renewals, which made it difficult to plan and execute renewals efficiently.
- Manual processes: The company relied heavily on manual processes for renewals, which resulted in delays and errors.
- Inconsistent pricing: The company had a complex pricing model, which resulted in inconsistent pricing for renewals and confusion among customers.
- Limited cross-selling opportunities: The company was missing out on cross-selling opportunities during renewals due to a lack of visibility into customer needs and preferences.
We implemented Salesforce CPQ Cloud to help the company streamline its subscription renewal process and deliver a seamless experience to customers. The solution included the following components:
- Centralized renewal management: We created a centralized system to track subscription renewals, which provided the company with visibility into upcoming renewals and helped them plan and execute renewals more efficiently.
- Automated processes: We automated several processes, such as renewal notifications, invoicing, and payment processing, which reduced delays and errors.
- Consistent pricing: We simplified the pricing model and created standardized pricing for renewals, which reduced confusion among customers and increased transparency.
- Personalized recommendations: We integrated Salesforce CPQ Cloud with the company’s CRM system, which provided them with visibility into customer needs and preferences. This helped them make personalized recommendations and cross-sell additional services during renewals.
The implementation of Salesforce CPQ Cloud with a focus on subscription renewals has provided the company with several benefits, including:
- Improved efficiency: The centralized system and automated processes have reduced the time and effort required to manage renewals, resulting in improved efficiency.
- Increased revenue: The personalized recommendations and cross-selling opportunities have increased the company’s revenue from renewals.
- Improved customer experience: The consistent pricing and personalized recommendations have improved the customer experience and increased customer satisfaction.
- Enhanced visibility: The company now has enhanced visibility into its subscription renewals, which has helped them plan and execute renewals more efficiently.
The implementation of Salesforce CPQ Cloud with a focus on subscription renewals has provided our client with several benefits, including improved efficiency, increased revenue, improved customer experience, and enhanced visibility. We continue to work with the company to optimize their renewal process and deliver a seamless experience to customers.
- Industry:High Tech
- Services:Implementation, Integration, Migration
- Key Feature 1:Renwal Management
- Key Feature 2:Product Catalogue
- Completed Date:4/6/2019