Optimizing subscription & usage-based pricing with SAP BRIM.
Subscription and usage-based business models are flourishing like never before and are considered the ultimate choice for monetizing services to enhance revenue for any service or product-based business. SAP BRIM offers the solutions for such business models with agility and scalability.
A usage-based billing model involves charging customers based on the units of a product or service they have used, calculated at the end of the billing cycle. With SAP BRIM, the entire business pricing model is automated through streamlined modules that add functional values to the business operations and help to ease the workload from the service provider’s end.
By deploying SAP BRIM, enterprises can have transparency to the various operations of the pricing model right from order management, billing, charging, and invoicing to finally cash collection. As a result, the revenue management becomes way simplified and efficient.
Why should you choose SAP BRIM?
As the customer-company relationship has reached a point where it is not just about selling a product but responding to demands and requirements. For example, books were conventionally read by all people, but with technological advancements, most of them prefer e-books on the go. This improvement happened only because the demands were analyzed or predicted to meet the fast-growing technologies.
Organizations require a business model that is flexible and covers all the operations automatically without manual involvement. This is where SAP BRIM comes to the rescue. BRIM constitutes of core applications that carry out each step effectively and maintains the business life cycle uninterrupted.
The key capabilities that SAP BRIM delivers are:
Subscription-based Order Management
After your SAP BRIM Implementation, the pricing model begins with Order Management that automatically captures and monitors orders made by the customers from the service catalog, addresses any contract changes or renewals, and manages agreements like invoicing hierarchies, shared credits, and specialized catalogs.
Charging and Rating
The convergent charging component delivers pricing flexibility to customers, determines the kind of charging- recurring, one-time, or usage-based, calculates the amount to be charged for a particular account by rating, and finally gives out the total amount charged in the billing document.
Once the billing document has been passed down from convergent charging, the convergent invoicing component uploads details about the consumption, stores billable items, aggregates them, creates an invoice, and sends it to the customer.
The Contract Accounts Receivables and Payables(FICA) automatically makes tax calculations, country-specific processes, carries out the payment process, manages cash collection, and acknowledges and clears any pending settlements. This Financial Management component can be tailored according to the industrial needs.
Space for peripheral components
SAP BRIM offers a platform for peripheral components like DigitalRoute and Subscription billing to boost the business lifecycle. For instance, DigitalRoute offers Convergent Mediation that is pre-integrated with Convergent charging to streamline large volumes of consumed data from various network sources and improves the scalability of the overall SAP BRIM solutions.
Mobolutions offers SAP BRIM Implementation Services that will help you deploy SAP BRIM solutions in your business model to manage your revenue automatically with transparency to increase your profit.
Reach out to our experts at Mobolutions for progressive information on SAP BRIM and its benefits.