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Revenue Reinvention

Achieving Long-term Recurring Revenue for a Financial Solutions Provider
Revenue Reinvention

Problem

A financial solutions provider was stuck in a cycle of proof of concept (POC) and pilot projects without concluding long-term annual recurring revenue (ARR). They needed help positioning their product for key global financial services firms.

Solution

Product Positioning:  Assisted in refining their product positioning and offering in order to appeal to major financial services firms, highlighting their unique value proposition and potential return on investment.

Negotiation and Deal Closure:  Provided strategic advice and support during negotiations to close long-term contracts, ensuring terms were favourable and sustainable.

Outcome

Secured Long-term Contracts:  Closed deals resulting in £1MM ARR, with a total contract value (TCV) in excess of £5MM providing a stable revenue stream.

Improved Market Position:  Enhanced product positioning led to better engagement with key global financial services firms.
Sustainable Growth:  The long-term contracts enabled sustainable growth, reducing reliance on short-term POC projects, instead building a highly scalable SaaS pipeline.

ARR Growth:

£1MM in new ARR contracts secured, with £5MM+ TCV.

Contract Length:

Average contract length increased by 3 years.

Client Conversion Rate:

30% conversion rate from POC to long-term contracts.