Blog

Insights from the Nami ML team on the app economy including on subscription-based apps, app growth and building better paywalls.

Glossary

October 13, 2024

What is Tiered Pricing? Definition, Models, and Benefits Explained

Tiered pricing is a versatile pricing strategy where companies offer products or services at multiple price levels, each tier providing unique features, benefits, or discounts. This approach allows businesses to address a broad range of customer needs and budgets, from cost-effective solutions to premium offerings. Here, we’ll explore the components of tiered pricing, its models, advantages, and best practices, and explain how Nami ML’s revenue management software can help optimize its impact.

October 12, 2024

Order-to-Cash (O2C): Definition, Process & Optimization Strategies

Businesses need to master the order-to-cash (O2C) cycle to stay competitive in the bustling world of business. This process, stretching from order entry to revenue recognition, is more than just a financial transaction – it's the backbone of your company's financial health and customer relationships. In this article, we dive into why perfecting your O2C process can revolutionize your business and keep you ahead in the market.The order-to-cash process might sound complex, but understanding it is essential for anyone aiming to boost operational efficiency and cash flow. By dissecting each step, we'll reveal how streamlining can lead to quicker billing cycles, happier customers, and a stronger bottom line.

October 9, 2024

Recurring Payments: Top Providers and Key Tips for Subscription Businesses

We live in an on-demand economy where subscription services have become an integral part of our lives. Whether it's accessing their favorite movies or getting a curated box of beauty products delivered each month, subscriptions offer convenience and variety to consumers. But what keeps these services running smoothly? The answer lies in recurring payments.Recurring payments are a billing system where a customer authorizes a business to automatically charge their chosen payment method at regular intervals (usually monthly, annually, or quarterly) in exchange for ongoing access to a service. This approach eliminates the need for manual payments and ensures that consumers never miss out on their favorite subscriptions.

October 9, 2024

Accrued Revenue: Definition & Examples

In accounting, accrued revenue refers to income earned but not yet received in cash. This concept is particularly important for businesses that operate on a subscription model, like many Software-as-a-Service (SaaS) companies. As we dive deeper into this topic, we'll explore how accrued revenue works and why businesses need to keep track of these earnings. This will not only help you maintain a healthy cash flow but also sharpen your company’s financial strategies, ensuring that you aren't caught off guard. Join us as we unravel the complexities of accrued revenue and its impact on business operations.