This article describes the
Monthly Recurring Revenue (MRR) Retention Waterfall Report
that is included with Solver's SaaS model for users of the Microsoft Dynamics 365 Business Central ERP and Binary Stream's
Subscription Billing Suite
(SBS). It is part of a library of more than 150 ready-to-use reports, budget models and dashboard templates that Solver provides to SaaS companies as part of its cloud Corporate Performance Management (CPM) platform.
For this and many other ready-to-use templates from Solver, visit our web-site
Marketplace page.
Introduction
In the dynamic landscape of Software as a Service (SaaS) companies, where strategic decisions are paramount, Monthly Recurring Revenue (MRR) Retention Waterfall Reports have emerged as indispensable tools for CFOs and executives. Solver, a leading Corporate Performance Management (CPM) solution, stands out by offering over 150 pre-built reports, dashboards, and budgeting templates, including the transformative MRR Retention Waterfall Report. In addressing the pain points of SaaS companies, Solver empowers leaders to make informed decisions through easy-to-use self-service analysis, reducing dependency on cumbersome manual spreadsheets.Challenges Without MRR Retention Waterfall Reports
- Overreliance on Manual Spreadsheets: SaaS companies often grapple with a myriad of manual Excel spreadsheets, hindering the efficiency of managers in tracking MRR retention based on customer cohorts. This dependence not only consumes valuable time but also introduces the potential for errors and delayed decision-making.
- Lack of Self-Service MRR Retention Analysis: The absence of user-friendly self-service tools compounds the challenge, making it arduous for leaders from R&D, support, and consulting to gain insights into customer base dynamics and historical events influencing customer retention.
Benefits of MRR Retention Waterfall Reports
- Comprehensive Cohort Analysis: Solver's MRR Retention Waterfall Report adopts a waterfall format, enabling users to scrutinize the MRR trajectory of customer cohorts over time. This facilitates the identification of critical characteristics that may explain variations in MRR, empowering leaders to refine products, services, and sales processes.
- Enhanced Decision-Making: The visual and intuitive nature of the report expedites decision-making by providing a clear understanding of MRR trends and exceptions. This not only minimizes the risk of erroneous decisions but also accelerates the implementation of strategic improvements.
About the MRR Retention Waterfall Report
This waterfall report can be run from-to any month and year and uses color coding to highlight exceptions and trends for Monthly Recurring Revenue (MRR) retention. The user can look at the initial MRR from all the new customers in any given period and monitor them into the following months and years to see if that customer cohort displays any important characteristics that could explain why the MRR from them may be higher or lower than other customer cohorts. Findings can then be used to improve related products, services, sales processes, etc.
MRR Retention Waterfall Report for Dynamics 365 Business Central � Pre-built SaaS Template from Solver
Why Choose Solver for CPM
By opting for Solver's CPM solution, SaaS companies can revolutionize their financial reporting, analysis, and budgeting processes. The MRR Retention Waterfall Report is just one facet of Solver's comprehensive toolkit, offering a single cloud solution that automates and streamlines these critical functions. With Solver, the goal is not just to meet industry standards but to surpass them, fostering a data-driven culture that propels SaaS businesses towards sustained growth. In conclusion, as SaaS companies seek to navigate the intricacies of customer retention, Solver's CPM solution emerges as a beacon of efficiency. The MRR Retention Waterfall Report, as part of this arsenal, transcends the limitations of traditional analysis methods, empowering CFOs and executives to lead with confidence in an ever-evolving market. Resources for Additional SaaS Reports, Dashboards and Budget Models For more information about all the SaaS templates from Solver check out these resources:- Take a self-guided tour of Solver
- Contact Solver for a personal demo or a quote
January 6, 2024
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