An increasing number of companies are adding subscriptions as one of the revenue models to their business. Two different examples of this service include:
When it comes to reporting, a
flexible report writer like the one in Solver, can provide a multitude of report types to slice and dice subscription related data by metric, customer, and product. The report below shows monthly recurring revenue (MRR) with metrics for new sales, upgrades/downgrades and churn. It also shows the monthly trend for the ending MRR.
The report below shows a chart and data on an eight-quarter rolling basis. This makes it easy for users to analyze subscription revenue over multiple years. Any individual quarterly column can be expanded to display detail for the three underlying months.
The Scheduled Billing report example seen below can be run for any given period. It helps accountants see the specific payment status per invoice per customer, including total, balance, deferred and recognized amounts.
Sometimes the finance team needs to analyze deferred revenue by customer. The example below shows deferrals by month for the remainder of the current year and then displays the summary for the next three years into the future.
In conclusion, as a company with a subscription-driven business model, you have a solid cloud-based accounting system with Microsoft Dynamics Finance or Dynamics Business Central. When adding Binary Stream’s app for Subscription Billing Management, you get a specialty add-in that is completely focused on helping you manage your subscriptions. By connecting Solver’s cloud-based reporting and planning solution, you now have a best-in-class suite to not only help with day-to-day accounting and analysis, but can also keep a keen eye on the future with world-class budgeting and forecasting functionality.
- Netflix, which is a 100% subscription-based company focused on B-to-C, or business to consumers.
- Microsoft, which originated in an era where software sold as one-time licenses, has today become an increasingly subscription-based software provider, with most of their software delivered in a software-as-a-service (SaaS) model using their Azure cloud.
Multi-year subscription revenue and churn budgeting and forecasting with monthly detail
Dashboard analysis of subscription metrics like MRR and Churn
Eight quarter rolling subscription revenue report with monthly detail
Scheduled billing report showing recognized and deferred revenue per customer
Multi-year deferred revenue by customer report for the next three years
TAGS: Reporting, Forecasting, Analysis, Budgeting, ERP, Dashboards, Partners, Industry