10 THINGS TO CONSIDER WHEN CHOOSING YOUR NEXT SUBSCRIBER MANAGEMENT SOLUTION Whether you are a new OTT service that is growing it’s subscriber base or an established pay-TV operator looking to go-to-market quickly with a new proposition, here are 10 things to consider when choosing a new subscriber-centric SMS platform… 1 CUSTOMER DECISION MOMENTS When it comes to monetization, billing can only get you so far. Driving long-term loyalty is more about improving your service at each Decision Moment in the customer journey. CRM Having a 360 view of the customer may seem like an old concept, but without a view of all customer activity, behaviour and history it’s difficult to truly personalize communications and define ‘next best action’ across key Decision Moments. 3 ANALYTICS AND INSIGHT 5 Business Intelligence, data and analytics is critical for understanding the state of your subscriber base and customer movements across each Decision Moment. Leveraging insight and creating tangible actions from real-time reporting is essential to drive more effective marketing programmes designed to increase ARPU and reduce Churn. SUBSCRIPTION MANAGEMENT A Subscription-model is critical for revenue growth. Any solution needs to have the flexibility to manage multiple business models legacy or new (TVOD to SVOD and OTT) while supporting different marketing tactics, offers and campaigns. 4 While a start-up OTT service may only have a few subscribers to start with, it’s critical to choose the right SaaS solution that can scale as your business grows. For established subscriber bases, any solution should be flexible, scalable and robust enough to handle all your current and future business plans and models. BILLING Inaccurate billing can lead to serious customer friction and be a driver for churn. Any platform must be secure and deliver accurate billing, invoicing, credit control and full revenue management. ADVANCE DECISION MOMENTS MARKETING Typical operator marketing is focused on acquiring customers and trying to convince customers to stay. However, personalized marketing at each Decision Moment drives increasing long-term loyalty so subscribers get what they need when they want it. ENTERPRISE READY 2 6 INTEROPERABILITY 7 8 Whether a new OTT service or an established pay-TV operator, any solution needs to fit in with your existing technology infrastructure. Open API’s, out of the box integrations and ease of connectivity are critical must haves for any solution to seamless fit into your legacy, core and new technology stack. PERFORMANCE 9 Whether its ensuring customers are able to sign up to the latest PPV sporting event minutes before the start or simply delivering a seamless multi-platform experience, any solution needs to be performant, secure and compliant at enterprise level. Migrating from a legacy billing-centric environment can be a daunting task but by considering these 10 things you can choose the right solution for your business and your subscribers. PARTNER, NOT A SUPPLIER Driving long-term subscriber loyalty is critical for your business. Pick a partner, not just a software supplier, who understands your business, the subscriber landscape and has a proven track record of delivery. 10 For more information on why Subscription Management is more than just billing, read our paper. paywizard.com/morethanbilling @paywizardplc linkedin.com/company/paywizard-plc facebook.com/paywizard
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