Digital River, Inc. (NASDAQ:DRIV), the revenue growth experts in global cloud commerce, announced new reporting capabilities for its cloud-based subscription billing offering. Features include summary-level data, drill-down capabilities, key performance metrics and a revenue forecasting calculator. The new features are delivered in an easy-to-use, configurable dashboard that gives online merchants a multi-dimensional view into the renewal and acquisition metrics for their subscriber base. Using this information, merchants can refine their subscription strategies, tuning them to drive increased renewal rates and revenue.
“With economic pressures as well as the convergence of physical and digital products, traditional business models are being challenged. Companies are turning to subscriptions for more predictable revenue streams,” said Joel Ronning, Digital River’s CEO. “Digital River is the world’s largest, end-to-end outsource provider of cloud-based subscription billing services. Managing more than 5.2 million active subscriptions that account for hundreds-of-millions of dollars in gross revenue, companies trust Digital River to drive recurring revenue in global markets.”
Cloud-based subscription billing is part of the Digital River® Global Commerce™ enterprise solution. Supported by a wide range of recurring billing terms and more than 20 global payment methods, companies can use the fully customizable technology to automate the online sale of everything from access and membership fees to service contracts and physical product accessories.
“The subscription commerce market offers exciting opportunities for merchants to convert a one-time product transaction into a product-as-a service and extend their buyer subscription lifecycle,” said Mary Suddendorf, group vice president of product at Digital River. “These subscription reporting enhancements coupled with our marketForce™ interactive marketing programs provide online merchants access to an unparalleled combination of tools, technology and expertise that they can use to increase renewal rates and drive recurring revenue.”
About Digital River, Inc.
Digital River, Inc., the revenue growth experts in global cloud commerce, builds and manages online businesses for software and game publishers, consumer electronics manufacturers, distributors, online retailers and affiliates. Its multi-channel commerce solution, which supports both direct and indirect sales, is designed to help companies of all sizes maximize online revenues as well as reduce the costs and risks of running a global commerce operation. The company’s comprehensive platform offers site development and hosting, order management, global payments, cloud-based billing, fraud management, export controls, tax management, physical and digital product fulfillment, multi-lingual customer service, advanced reporting and strategic marketing services.
Founded in 1994, Digital River is headquartered in Minneapolis with offices across the U.S., Asia, Europe and South America. For more details about Digital River, visit the corporate website, follow the company on Twitter or call +1 952-253-1234.
In addition to the historical information contained herein, this press release contains forward-looking statements, such as statements containing the words, “will,” “plans,” “intends,” “expects,” and similar words. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Digital River, or industry results, to differ materially from those expressed or implied by such forward-looking statements. Such factors include, among others: Digital River’s operating history and variability of operating results; competition in the electronic commerce market; the ability of Digital River to support e-commerce operations and subscriptions based billing technologies and reporting services; the market’s acceptance of such offerings; and other risk factors referenced in Digital River’s public filings with the Securities and Exchange Commission.
Digital River is a registered trademark of Digital River, Inc. All other trademarks and registered trademarks are trademarks of their respective owners.
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