Revenera has unveiled the Revenera Analytics Dashboard, which is able to present clients of Revenera’s software program monetisation platform with higher insights into entitlements, licenses and utilization insights.
Revenera monetisation clients can now monitor and analyse buyer renewal potential, utilization patterns, license and product utilisation with new embedded analytics.
Nicole Segerer, SVP and GM at Revenera, stated: “Understanding software consumption and customer adoption is critical to any successful monetisation initiative. As a leader in the space, we enable software suppliers to innovate and make future packaging and pricing decisions based on data. The analytics capability offers easy-to-use insights for suppliers, and notifications and alerting based on monetisation and usage events.”
Revenera has modernised its information warehouse primarily based on Snowflake know-how and a brand new reporting framework to ship extra out-of-the-box experiences centered on buyer KPIs. First experiences and visualisations embody:
- Renewals Insight: End buyer renewal place primarily based on precise consumption of entitlements
- End Customer Adoption: End buyer entitlements vs fulfilments
- High Water Mark: Showing consumption of licensable options by purposes over time
“From a 2023 IDC survey, 53% of companies that have a recurring business model need better insights from usage data to understand customer value,” stated Mark Thomason, analysis director for digital enterprise fashions and monetisation at IDC. “Companies have the data, but they don’t have the time/knowledge to turn them into insights they can easily use.”
Revenera’s Analytics Dashboard delivers a brand new person interface, together with navigation and controls; visualisations and information units, conditional notifications and report sharing, all enabling insights and motion primarily based on information. The new dashboard is out there to all FlexNet Operations clients.
Software and know-how firms that monetise their options primarily based on Revenera have entry to an enhanced notification mechanism that allows them to react on utilization occasions shortly and successfully.
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