Partner settlement & revenue distribution in public transport using SAP BRIM
SAP Billing and Revenue Innovation management has focused not just on telecom, utility, or media sectors but also on the transportation sector including major railways. The modern billing infrastructure for transportation has taken a digital turn to align with the market trends.
The legacy tools under the transportation billing system mainly consisted of manual processes that carried out master data maintenance, financial settlements, and distributions.
With the emergence of SAP BRIM in the transportation billing cycle, smart ticketing and effective finance processing have found their global reach. It helps eliminate all the error-proneness that is associated with manual processing.
SAP Billing and Revenue Innovation Management in Transportation
- Transparency in the financial transactions
- Faster approach to the timely billing for all the associations.
- Standardized and automated billing process that radically reduces errors.
- Usability improvement through smart self-services.
- Standardized reporting and maintenance of master data.
- Replacement of expensive legacy billing tools.
- Scalability in implementation of the BRIM system solutions
- Introduction of effective master data metrics.
SAP has launched the advanced ticketing platform using the BRIM solution which has been evidently a global success. From using tokens to contactless smart cards, SAP BRIM has effectively paved its way into the billing infrastructure of any transportation system.
Partner Settlements and Revenue Distribution
By eliminating the need for manual billing tools that could bring up revenue leakages from either receiving side or the distribution side. By implementing the SAP BRIM solution for Finance and accounting, the transportation industry can have a complete view of their revenue streams, reduce revenue loss, and automatically carry out the entire settlements, and payments.
Master data maintenance
The transportation master data consists of data related to basic prices, deductions, commissions, distribution keys, and such. BRIM effectively assigns and maintains the basic prices and deductions to the specific accounts and defines corresponding commission rates.
BRIM allows you to upload and store the sales details or allocate space for manual entry of the sales data and then display the reports after thorough analysis. It can be then evaluated for sales shares, commissions, and turnover.
The thorough evaluation of the sales record allocates reports for respective clients or partners. These reports include details about the revenue settlements and distributions that need to be processed.
SAP Billing and Revenue Innovation Management solutions support transportation with the digital transformation of tickets, card usage, and smart usability of technology. It emphasizes effective finance processing through proper master data maintenance, reports generation, and visibility in the entire finance cycle.