A Software Vendor’s Guide to Customer Churn
December 12, 2023 ⚊ 1 Min read ⚊ Views 240 ⚊ TECHThe dreaded Customer churn is a challenge that almost every organization struggles with. However, its impact on software companies is particularly considerable. Imagine having a stable customer base and suddenly finding your customers canceling their recurring revenue subscriptions. Regardless of customers and revenue addition, the amount of recurring revenue lost due to cancellations and downgrades can put software companies out of business.
So, what causes customer churn? What impact does it have on any software business? And what are the best ways to avoid it? Read on to find out.
Tags: Customer Churn, Software Vendor