This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Polycom To Use ServiceSource Renew OnDemand For Global Services Renewals

Stocks in this article: SREV

ServiceSource® (NASDAQ:SREV), the global leader in recurring revenue management, today announced that Polycom will utilize Renew OnDemand™ to manage its global renewals business across its product portfolio. Renew OnDemand will consolidate and process the substantial volume of data produced by Polycom’s customers into actionable analytics and workflows that drive renewal sales activities for the company’s direct and indirect channel sales organizations around the world.

Polycom is the global leader in open, standards-based unified communications and collaboration (UC&C), with more than 415,000 customers and supported by thousands of global partners. As such, the company’s recurring revenue business from voice and video services renewals is a key component within its revenue mix. With a significant customer base spanning an extensive product portfolio, Renew OnDemand will help Polycom manage its renewal service.

Renew OnDemand is the industry's only cloud application built specifically to maximize recurring revenue. With over $1 billion under management and growing, Renew OnDemand empowers sales teams, executives, and channel partners with a complete system to renew customer contracts and subscriptions. Renew OnDemand – in conjunction with ServiceSource’s data services – will help Polycom maintain clean and lean customer data. With renewal-ready data to analyze, Renew OnDemand will then generate actionable workflows, quotes and reports – all through Polycom’s existing CRM system – to support worldwide renewal sales.

“As a leader in delivering services to customers, Polycom understands the many critical factors that comprise a successful renewals business,” said Mike Smerklo, ServiceSource Chairman and CEO. “By leveraging the power of Renew OnDemand, Polycom is creating a world-class renewals environment that aligns people, process and technology across their global direct and channel sales teams.”

“Polycom is focused on delivering best-in-class services offerings that provide great value to our customers and revenue opportunities for Polycom,” said Chris Dickerson, Director of Services, Polycom. “ServiceSource helps make it easier for us to manage our renewal business, ensuring more of our customers are benefitting from ongoing services and support from Polycom.”

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs