Renewable/Recurring Deals

Some deals are closed once, but are renewed every week, month or year without having to close them again. Therefore, it would be great to have renewable deals that are automatically shown in the dashboard as recurring revenue. 

 

This means we don't have to create a new deal each time and move it to the closed stage in order to show the closed amount in the performance dashboard Smiley Wink

HubSpot updates
86 Replies
mitchellpowers
New Contributor

Yeah I'd like to see Hubspot make this a priority.  On the deal tickets I book it at say £1800 MRR. However, because it's a mixture of fixed and variable costs - the actual revenue might take some time to ramp up to that level. Therefore, I want to draw the actual revenue numbers we bill our customers each week and compare it with the figure we orignally booked. Ideally each deal closed would show how much revenue is that account generating each month. Surely you have to build this Hubspot? 

emil_persson
Occasional Contributor

Any news about this from the Hubspot team?

JordonBloom
New Contributor

Why is this not an obvious option?

dmc2017
New Member

I can't seem to find the Hubspot solution for recurring revenue deals. A lot of our business is a set up fee plus a monthly recurring fee, and usually with a minimum term.

 

Given the move for most businesses to recurring revenue rather than once off sales, and something which Hubspot sells itself, I presume Hubspot uses it's own CRM for the sales process. Can you point me in the direction of how to note my sales for this type of business? 

Tiina
Occasional Contributor

+1 here as well.

KristiMKE
Occasional Contributor

+1!

Maka
Occasional Contributor

@moonwebstrategy: Is there any update on this? Thanks in advance.

gbagency
New Member

This is essential. I cannot believe it doesn't exist. Retainers are such a fundamental sales element. What's the timeline on this in your dev roadmap please? Can't function for long with it.

 

IS there a workaround in the interim?

emil_persson
Occasional Contributor

@moonwebstrategy any news about this by the hubspot team?

confidentmac
Regular Contributor

I was looking at the Deal Forecast dashboard and trying to figure out how I'd input future deals. The value of a deals is rarely known before I meet with a client, so I could create a deal when scheduling an appointment, but I usually wouldn't know the future income from it until the person pays me.

 

However, I have a number of recurring invoices, such as maintenance plans where customers pay a monthly subscription fee. I'd like to create these as recurring deals.