ServiceSource debuts 'only' cloud suite for managing recurring revenue

Summary:ServiceSource is touting its new apps suite as "the next big thing" in cloud services.

ServiceSource has debuted a new suite of cloud-based apps that are designed solely for the purpose of maximizing recurring revenue.

The San Francisco-based company, which develops cloud-based service revenue management solutions, is introducing Renew OnDemand as the "only cloud-powered solution" that specifically focuses on this task.

Essentially, the goal of using these apps is to figure out the best strategy for maximizing revenue generated from subscriptions, maintenance, support, training and other services.

Furthermore, like many other data management and analytics platforms these days, an additional goal is to identify how to best attract and retain new customers.

Directed towards sales teams and channel partners, Renew OnDemand is delivered as a service for integration with CRM and other existing business-critical applications.

Touting it as "the next big thing" in cloud services, ServiceSource asserts that this new suite of apps will empower its customer base to capture the more than $30 billion in renewals left on the table each year, which would represent a total market opportunity of more than $250 billion.

ServiceSource already manages more than $7 billion in recurring service revenue with a customer list that includes Adobe, Microsoft, VMware, Polycom and GE Healthcare.

Topics: Cloud, Apps, Collaboration, Enterprise Software, Software

About

Rachel King is a staff writer for CBS Interactive based in San Francisco, covering business and enterprise technology for ZDNet, CNET and SmartPlanet. She has previously worked for The Business Insider, FastCompany.com, CNN's San Francisco bureau and the U.S. Department of State. Rachel has also written for MainStreet.com, Irish Americ... Full Bio

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