6CIOReview | | NOVEMBER 2021Organizations are always looking for ways to expand their business, but expansion always comes with a lot of challenges that the business must overcome to move forward. While subscription billing decreases the hurdles of marketing, it also necessitates monthly collection, posing a revenue recovery difficulty. Revenue leakage is also a human error that occurs when transactions aren't billed appropriately, which is common with subscriptions due to the flexibility they offer. The accounting department requires a system to discover any potential leaks in order to efficiently manage subscriptions. With subscription management software, accounting teams have the tools they need to invoice, collect, manage, and analyze their subscription business with a great emphasis on attention to detail. The accounting team will have very little to do once the program has been correctly installed and set up. For example, with a solid recurring billing system in place, the average customer will receive 30 to 50 communications per year without the need for any human interference from the accounting team. Advanced subscription software automation technologies enable a company to personalize all client notifications, such as missed payments, expired credit cards, and due invoices. Customers can adjust payment methods, examine bills, and purchase additional services through self-service portals provided by leading subscription management platforms. When a company is striving to scale, issues such as revenue leakage, revenue recovery, and user experience can be avoided with the right subscription management and billing platform to automate its procedures.This edition of CIOReview brings you the story of some of the most promising Subscription and Billing Management solution providers that deliver the best outcomes for their clients. This edition also offers thought leadership articles from subject matter experts and exclusive insights from CIOs and CXOs. We hope this edition will provide you with the proper assistance in choosing the best Subscription and Billing Management solution providers according to your requirements.Let us know your thoughts! EditorialAdvanced Automation Enabling Management of Subscription and BillingCopyright © 2021 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.CIOReviewEmail:sales@cioreview.comeditor@cioreview.commarketing@cioreview.com November - 30 - 2021, Vol 10, Issue - 69 (ISSN 2644-237X) Published by ValleyMedia, Inc.To subscribe to CIOReviewVisit www.cioreview.com CIOReviewVisualizersIssac GeorgeJaxon Jase*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffJustin Smith Managing Editoreditor@cioreview.comManaging EditorJustin SmithSalesStephen Thomasstephen.thomas@cioreview.com Editorial StaffAaron PierceCarolynn WaltersShirley FaithRussell Thomas
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