Vindicia Solutions for Media and Content Vindicia Subscription Billing and Recurring Revenue Solutions Help Media and Content Providers Grow Subscribers, Optimize Retention, and Build Predictable Online Revenue vindicia.com The Challenge Consumers today are increasingly opting for on-demand consumption, preferring to read news, watch videos and browse content online. As a result, the media industry is undergoing transformational change. Innovative publishers, media organizations, and other content owners are creating new digital strategies and products that leverage substantial investments in content. The common goal is to retain current customers, reach a new generation of mobile consumers, and grow predictable, recurring revenue streams. This new reality can be challenging for established newspaper and magazine publishers, as well as other content providers. These organizations often face frustrations when trying to bring ideas for new digital products to market, due primarily to the inherent limitations of legacy billing systems. What they need is the agility to create new products, provide new ways to price products and bill customers, offer frictionless payment capabilities, and create new opportunities to retain customers, grow revenue, and increase customer lifetime value. The Solution Vindicia offers enterprise-class, SaaS-based subscription billing and recurring payment solutions that provide media companies, publishers, and content providers with a wide range of powerful capabilities for subscriber acquisition, billing, and retention. Our media and content clients including leading brands such as: Key Benefits Customer acquisition: uSupport a broad set of flexible business models u u u Why Choosing a Billing Platform Is Strategic Vindicia® CashBox® is a complete subscription billing and recurring payment platform that will provide your media business with invaluable marketing functionality and best practices to optimize customer retention, enhance acquisition rates, and minimize operational overhead. CashBox provides options for subscription lifetime, pay-per-use, add-ons, multiple invoicing choices, payment aggregation, virtual currency support, and a full range of payment strategies and payment types. For more information on CashBox, refer to our CashBox data sheet. Determine which customer segments to focus on based on analytics Reduce chargebacks and minimize losses from fraudulent orders Customer retention: uIncrease transaction successes with advanced technology u Reduce churn with retention offers u Integrate cross-sell and upsell programs u In addition, we have partnered with Marketing G2, a leading solution provider to the largest media corporations in North America, to deliver a unique, integrated solution designed specifically for media publishers and content providers. Offer a variety of promotions and coupons to acquire new subscribers Manage and automate localized communications with subscribers Operational excellence: uPCI Level 1 service provider status reduces PCI compliance burden u u u u Extend global reach with regional payment methods and integrated tax engine Launch new services on an infrastructure that scales to meet your needs Take advantage of a 99.999% uptime Leverage data across the Vindicia network for more informed business decisions Improve Your Customer Retention If your media business already has an efficient, agile billing system in place, Vindicia Select™ is the perfect companion solution, increasing customer retention and driving higher revenue and customer lifetime value. By adding this noninvasive solution on top of your existing billing system, you can dramatically reduce the involuntary churn caused by failed payment transactions. For further information, refer to our Select data sheet. Keeping Your Subscribers Connected Our cloud-based solutions keep your consumers connected to the media and content services they love, and your organization connected to the subscription and recurring revenue streams you need. 2 vindicia.com Our solutions make it easy to: u Create agile subscription and recurring revenue business models that respond to demand Allrecipes Client Success u Maximize recurring revenue via pricing, packaging, bundling, campaigns, and promotions Allrecipes is the world’s largest digital food brand, with 19 sites serving 24 countries in 13 languages. This year 40 million home cooks will visit Allrecipes 1.5 billion times across smartphones, tablets, and PCs, consuming 4 billion pages of shared food experiences to solve everyday food needs. Retain customers longer by implementing frictionless payment strategies and payment methods that reduce subscriber churn What’s more, the network effect of our wealth of subscription transaction data combined with detailed, actionable business insights provides your company with a valuable window into trends and patterns across various media and content subsectors. In periodic business reviews, our clients benefit from our use of benchmarking and data-driven analysis to uncover opportunities to increase revenue. Vindicia-Marketing G2 Integrated Solution Through a strategic partnership with Marketing G2, we have integrated CashBox with the MG2 Engagement Platform, creating a unique solution designed specifically for publishers and media organizations. This powerful, integrated solution lets your organization “hit the reset button” on subscriber management and blaze a path to new digital product innovation without disturbing existing revenue streams. The combined solution provides the opportunity to think differently about subscriber management, enabling positive market disruption by fueling innovation of new digital products with sales models that drive revenue without the constraints of legacy systems. It provides unrestricted product and pricing opportunities, built-in retention capabilities, upsell and cross-sell functionality, and global payment methods with an industry-leading customer engagement platform. For further information on this integrated solution, refer to our Vindicia Marketing G2 Partner Solution Brief. Unmatched Flexibility As a standalone subscription billing solution or integrated with Marketing G2, CashBox enables unlimited customization to monetize digital media and content offerings. CashBox enables the creation of the specific recurring revenue model that’s right for your unique media business. We provide the flexibility that lets you shift and craft your content offerings to take advantage of different marketing and monetization approaches. You can offer monthly, quarterly, and/or annual subscriptions—and then add freemium subscriptions and metered usage to the mix. You can easily experiment with one-time purchases and microtransactions, including virtual currencies. With CashBox, you find what works and keep optimizing it. Challenge: Allrecipes required a subscription billing platform to achieve best-in-class customer acquisition, retention, and satisfaction. Solution: CashBox delivers go-to-market flexibility and improves subscriber retention while enhancing the customer billing experience. Results: Allrecipes has improved retention by 4% and enhanced its customer acquisition processes. customers are renewing their “ More subscriptions since we turned to Vindicia. Our transaction success rates have climbed by as much as 10 percent. “ u Paul Kriloff Senior manager of customer revenue and customer acquisition marketing Allrecipes Read the complete case study Scalability and Reliability In the world of online media and content, scalability is essential. Your customers won’t wait for you to process their transactions—or come back if they encounter error messages. With 99.999% uptime and more than $21 billion processed to date, we are always ready to serve your subscribers, even when demand surges or when you launch a global promotion. Payment Options and International Support Our solutions accept a broad range of the most popular payment methods, including credit cards, debit cards, ACH, Amazon Payments, Apple Pay, PayPal, direct debit (including UK and SEPA schemes), mobile payments (including BOKU and Huawei), and other popular regional methods. We are constantly introducing new and improved subscription payment methods into the Vindicia product family to help drive the success for media organizations and online content providers. vindicia.com 3 If you are expanding your business globally, both CashBox and Select let you accept any currency supported by our payment processors, and that includes virtually all of the world’s leading currencies. You can provide payment-related communications in any language that is compliant with ISO-639.2 or W3C IANA Language Subtag Registry standards. Customer Retention: The ART of Vindicia At the first sign of a payment issue, most legacy billing systems automatically interrupt the subscription or recurring revenue service, which can lead to lost customers and reduced customer lifetime value. CashBox and Select, however, incorporate our ART Advanced Retention Technology™ system to analyze failed transactions, diagnose the issue, and immediately address the problem. ART resolves up to 25% of failed transactions without involving the customer, leading to an immediate revenue uplift of as much as 5%—plus much greater gains in customer lifetime value. Vindicia makes this possible with sophisticated analysis that takes full advantage of our wealth of transaction data, which includes more than a decade of data gleaned from subscriber transactional analysis. Finance and Tax Successful subscription billing requires more than robust support for customer acquisition and retention. Finance, tax, and anti-fraud issues are also vital to your success. That’s why we let your finance team define your preferred revenue recognition methodology. Use multiple unit types for different taxable statuses, and take advantage of our integrated tax engine that helps you calculate, collect, and remit transactional taxes, streamlining compliance with thousands of taxes across the regions where you offer your media services. Business and Revenue Optimization Choosing a Vindicia SaaS-based subscription billing and recurring payment solution is the first step to increasing your revenue and growing your company’s customer base. The Vindicia team will get you up and running quickly with a deployment methodology that’s built around proven use cases and team-based implementation best practices. After you’re up and running, we keep working with you. During periodic business reviews, we’ll help you optimize pricing, analyze revenue patterns, manage customer churn, and benchmark your performance against your industry peers. Want to learn more? Visit www.vindicia.com or contact us today and start building momentum for your online success. About Vindicia Vindicia brings enterprise-class innovation to consumer-facing subscription billing to help digital companies acquire and retain more customers by making payments seamless, secure and easy. Vindicia keeps customers connected to the subscription services they love, and companies connected to the subscription revenues they need. Vindicia has processed more than $21 billion globally and generates over $90 million in annual incremental revenue for clients. Clients include BBC, Lionsgate, Comic-Con International, TransUnion Interactive, Allrecipes, IAC, Vimeo, and Next Issue Media’s Texture service. For more information visit www.vindicia.com. Follow us on Twitter vindicia, “Like” us on facebook/vindicia, and read our blog at www.vindicia.com/blog. Copyright © 2016 Vindicia, Inc. All rights reserved. Vindicia, the Vindicia logo, Vindicia CashBox, Vindicia Select, ART Advanced Retention Technology, and the designated trademarks herein are trademarks of Vindicia, Inc. in the U.S. and/or other countries. All other brands or product names are the trademarks or registered trademarks of their respective holders. 0716 4 US Headquarters Vindicia, Inc. 303 Twin Dolphin Drive, Ste. 200 Redwood City, CA 94065-1424 P +1 650 264 4700 F +1 650 264 4701 vindicia.com/contact-us UK / European Headquarters 26-28 Hammersmith Grove London W6 7BA P +44 (0) 208 618 2066 F +44 (0) 208 834 1100 vindicia.com/contact-us Singapore / APAC Headquarters Prudential Tower, Level 27 30 Cecil Street, Suite 57 Singapore 049712 P +65 6631 2934 F +65 6631 2880 vindicia.com/contact-us Brazil / Latin America and Caribbean Headquarters Nações Unidas Avenue 12.551 17th Floor, Brooklin Sao Paulo, SP, Brazil 04578 000 P +55 11 3443 7760 vindicia.com/contact-us vindicia.com vindicia.com
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