logo
logo
Sign in

FAMILIARISE YOURSELF WITH THE LANGUAGE OF SAAS FOR A FIRSTHAND EXPERIENCE

avatar
Saas Softwares

SAAS software is a web-based software that can help you manage your various projects of business with ease. There are arrays of tools like data extractor tools, website analytics tools, and others that can enhance the functionality of your work. To start with, first, you need to get acquainted with some of the most used terms you will come across while using SAAS. It would help you work efficiently on the and others provided in the software.

Average Customer Life: This term in SAAS defines the duration for which a user stayed with the company subscribed to their service. It is represented in the average number of months or days.

Average Selling Price: It means the average revenue generated by your digital platform per sign up.

Break-Even: It stands for the revenue after which the company can cover the price of acquiring customers.

Burn Rate: It is defined as the cash spent by the company before it has started earning the profits.

Cohorts: Customer base that has been included in the same onboarding group or signed up simultaneously.

Customer Churn Rate: It is defined as the rate with which the company loses its customers due to failure to get their subscriptions renewed or cancellation of their subscription.

Dunning: When the customers fail to renew their subscriptions as their payment fails, they are at risk to get their services stopped from the company. In such a case, a series of dunning emails can help the company reduce payment-related churn.

Multi-Tenancy: When multiple companies subscribe to a particular service that is placed on one server, it is known as Multi-tenancy.

Product Qualified Leads: When clients showcase interest or subscribe or intend to buy any service after they sign up.

Signup-to-Customer Rate: User percentage who become paying customers after signing up. This term showcases how the company on average turns signing up customers into paying customers.

Value Gap: It means the gap between what customers expect from a product and what they receive as a product.

Value-Based Pricing: Based on the product specifications that the customer's lookout for the most, a price model is set up that is known as Value-Based Pricing.

Unified Customer Profile: It gives the company a brief about the history, activity, characteristics, and the preference of each customer of the company. One can also understand it as a customer overview report.

 

collect
0
avatar
Saas Softwares
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more