Blog: COVID-19 Impact on the Business
World: Is There a Silver Lining?
By Rob Telson - SmartFlow VP of Worldwide Sales
As the COVID-19 epidemic continues to dominate the headlines and impact financial markets and world events, we are faced with important business decisions. At SmartFlow we are taking this situation very seriously and the highest priority right now is the health and well-being of our employees and their families, customers, partners, and everyone affected throughout the world.
Current stay-at-home restrictions may be an opportunity for software organizations to stretch their creativity by developing new ways of doing business and generating revenue that will not only help bridge the gap until the crisis is over but can also be leveraged going forward to expand the revenue streams generated in traditional ways.
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BSA Member COVID-19 Resources
Communities around the world are taking essential steps to help reduce the spread of COVID-19. BSA|The Software Alliance members have risen to this global challenge in a number of ways and BSA has compiled information on the products and services our member companies at the global and regional levels are providing.
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SmartFlow's Annual R&D Round Table Discussion Goes Virtual!
SmartFlow's commitment to customer success paid dividends in 2019 as we achieved a 55% CAGR (compound annual growth rate) and reduced our annualized gross monthly recurring revenue (MRR) churn rate from an already low 4% in 2018 to just under 3% in 2019. Additional financial highlights include 30% growth in annual recurring revenue (ARR).
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