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What is Click to Pay and How Does It Work?

Stax

Support for cross-border transactions: your business may currently process international transactions or you may be planning to expand internationally in the future, so the provider must support multiple currencies and relevant local payment systems.

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How to Build a Churn Prediction Model to Predict Customer Churn

User Pilot

TL;DR Churn prediction involves identifying at-risk customers who are likely to cancel their subscriptions or close/abandon their accounts. A churn model works by passing previous customer data through a machine learning model to identify the connections between features and targets and make predictions about new customers.

Churn 105
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Subscription-based economy trends: business tips, benefits & examples

ProfitWell

The subscription universe is taking over. From hygiene products to software to bacon (yes, bacon), you can purchase a subscription for just about anything today. What is the subscription-based economy? How does the subscription-based economy work? What customers look for in subscription companies.

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What is a Retention Specialist and What Does One Do?

User Pilot

Problem-solving skills, such as research and analysis. The average salary for a retention specialist varies based on location, education (for example, whether the candidate has a Bachelor’s degree), company, and professional experience. Advanced organizational skills, such as time management.

Retention 105
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How to Increase Customer Lifetime Value with Personalized Retention Marketing?

User Pilot

Implement proactive customer support paired with customized educational resources to provide personalized solutions to user issues. Assuming both new and existing customers spend the same on your subscription service, you get a higher return on investment with retention than acquisition. Save resources on customer acquisition.

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Guide to Business Analytics in SaaS: Types, Use Cases and Best Tools

User Pilot

Business intelligence uses descriptive analytics to interpret historical data, helping you understand what has happened and why. Instead of just summarizing past data points, it attempts to make educated predictions about what might happen in the future. Data visualization with Tableau.

Business 104
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The Top 5 Customer Escalation Best Practices You Need to Know

Totango

Escalations are the horror movie soundtrack of the subscription-based business. Prevention through education. Prevention Through Education. Gathering and sharing customer data across the company helps you take a more proactive approach. Their arrival signifies one thing— impending churn. Internal investigation.