GoodData reported it is joining the Recurring Revenue Alliance, a strategic initiative led by ServiceSource (NASDAQ: SREV).
The alliance is designed to help businesses generate revenue and increase customer retention by creating best practice-based, end-to-end recurring revenue solutions.
GoodData cloud-based analytics complements ServiceSource Renew OnDemand by analyzing customer data and visualizing in real time the performance of a company´s recurring revenue business. Renew OnDemand is the only cloud application built specifically to grow recurring revenue and automates a highly valuable but typically manual business process, helping companies boost overall renewal rates by 15 percentage points.
GoodData provides a cloud-based platform and apps that enable more than 20,000 global businesses to turn data into business advantage. GoodData is headquartered in San Francisco and is backed by Andreessen Horowitz, General Catalyst Partners, Fidelity Growth Partners, Next World Capital, Tenaya Capital, TOTVS Ventures and Windcrest Partners.