Best Subscription/Recurring Billing Solution
Recurly returns to the winners’ circle after a five-judge panel at the CNP Awards named the company recipient of the award for Best Subscription/Recurring Billing Program. The San Francisco-based company won the Judges Choice Award in the same category in 2014.
From consumer goods and on-demand entertainment services to box-of-the-month clubs, software and business services, it’s no surprise the subscription model has taken flight and shows no sign of slowing down. There’s a huge shift in how companies are delivering products and services to meet businesses’ shift to the cloud and consumers’ demands for a convenient, organized life.
Recurly, Inc., launched in 2010, helps these subscription-based companies by providing an agile, enterprise-class recurring billing management solution that enables its customers to focus on their core business. The company notes its focus on agility has resulted in significant growth. Using aggregated and anonymized customer data in a recent study of holiday shopping trends, Recurly found that same-store sales for business-to-consumer (B2C) subscription merchants increased by 83 percent on Cyber Monday 2015 compared to 2014. In contrast, industry reports for overall Cyber Monday sales growth range from 12 to 28 percent.
Recurly delivers its subscription billing platform to thousands of businesses in 32 countries. It says it created its solution for merchants that want to tap into the growing subscription-based revenue model without incurring technology risk or operational complexity.
Subscriptions are a major factor fueling e-commerce’s growth, but many companies labor under the burden of bloated, inflexible, hard-to-maintain legacy solutions. Recurly streamlines subscription management with sophisticated features that deliver rapid time to value. And, it helps its customers optimize their recurring billing to ensure that they are retaining their existing subscribers, and minimizing addressable subscriber churn.