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SAP BRIM: An Overview and Key Considerations
What Is SAP BRIM?
SAP BRIM (Billing Revenue Innovation Management) is a modular application designed to support business activities and high-volume transactions associated with SAP customers’ billing and revenue processes. SAP BRIM, formerly known as SAP Hybris Billing, consists of four core components: Subscription Order Management, SAP Convergent Charging, SAP Convergent Invoicing, and Contract Accounts Receivable and Payable.
Organizations can leverage SAP BRIM as the component of a solution within SAP S/4HANA or as an integrated standalone module with SAP S/4HANA. The SAP Business Suite is also required to run SAP BRIM. Additionally, SAP recommends implementing the latest release of SAP Business Suite with SAP HANA Enterprise Cloud.
SAP BRIM: An Overview and Key Considerations
What Is SAP BRIM?
SAP BRIM (Billing Revenue Innovation Management) is a modular application designed to support business activities and high-volume transactions associated with SAP customers’ billing and revenue processes. SAP BRIM, formerly known as SAP Hybris Billing, consists of four core components: Subscription Order Management, SAP Convergent Charging, SAP Convergent Invoicing, and Contract Accounts Receivable and Payable.
Organizations can leverage SAP BRIM as the component of a solution within SAP S/4HANA or as an integrated standalone module with SAP S/4HANA. The SAP Business Suite is also required to run SAP BRIM. Additionally, SAP recommends implementing the latest release of SAP Business Suite with SAP HANA Enterprise Cloud.
Key capabilities in SAP BRIM include:
- Manage multiple billing and invoicing types for varied charging formats, including one time, recurring and usage-based charges.
- Consolidate multiple account billing streams with single-invoice billing.
- Enable complex discounting.
- Achieve flexible document management with a self-service offering for streamlined business communications in both digital and hardcopy formats, including bank statements, bills, invoices, and receipts.
- Support revenue sharing and partner settlement agreements.
- Scale customer insights with the collection, enrichment, and management of usage and event data.
- Enable simple invoice modification and customization to address specific business needs.
- Leverage subscription-based order management system to track and automate subscriptions.
SAP organizations of all sizes are implementing SAP BRIM to manage the solutions of the business lifecycle responsible for business model design, usage trackage, and billing information. This is critical to enable complex billing and invoicing processes across industries like telecommunications, financial services, utilities, media, logistics, and public transport, providing increased flexibility around consumption models.
Key Considerations for SAPinsiders
Global commerce is constantly evolving, forcing organizations to update business models rapidly.Digitalization and globalization represent core catalysts for the current fluid and complex operating environment, requiring organizations to support modern billing solutions to compete. Integrating a subscription model with the product or services go-to-market strategy opportunity can support how customers consume products, goods, and services in today’s marketplace. Organizations can implement flexible payment options and entitlements with SAP BRIM to reach a diverse customer base.
SAP BRIM helps businesses improve how they meet customer requirements. Organizations can support real-time pricing for products and services in SAP BRIM. Intelligent billing capabilities are designed specifically for today’s multichannel business environment to leverage customer data for building customer engagement.
Leverage usage and events data to support customer growth. SAP BRIM is capable of helping companies process large amounts of data and enabling a more streamlined process to create custom pricing models that meet the needs of their customers. According to SAP, SAP BRIM helps customers “gain new revenue-generating insights into customers’ buying behaviors to drive more personalized customer engagement and maximize company profitability.” Organizations can determine which customers are most profitable, identify new revenue sources, and create revenue-generating opportunities across multiple channels and track performance metrics in real time.
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Bramasol – De-mystifying SAP`s Subscription Management SolutionsMay 31, 2023 — In this webinar, you will learn about several tools SAP has to help companies manage subscription plans and models. You will hear from SAP BRIM expert, Navneet Bal, about SAP Subscription Billing, Subscription Order Management and Sales and Distribution and gain insights into key decision factors for picking the right one for your business model. […]
1 minute read
Consumers are Rethinking Their Relationship to SubscriptionsMay 1, 2023 — According to The Wall Street Journal, people are reviewing and cancelling their subscriptions—what does that mean for subscription billing software vendors and organizations deploying them?
In this article, we will explore some of the most common complaints that users have with the subscription model of business, why cancellations are so difficult, how to implement smart cancellations and renewals, and much more.
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How Digital Transformation Led to Quote-to-Cash Optimization for IBMOct 26, 2022 — Learn how to support an integrated, end-to-end process that helps drive our sales cycle to encourage innovation and provide clarity for customers, speed for the seller and efficiency for our administrative teams. SAPinsider sat down with Renee Hook, IBM’s Vice President of Global Quote-to-Cash Transformation, and Doug Watts, IBM’s CIO Quote-to-Cash SAP Lead, to discuss the transformation and what it meant for the business. Gone are the days when companies can spend five or six years to transform. There is an immediate need to focus on speed and agility in order to move quickly and course correct if needed. The process of digital transformation requires all teams and facets to buy in, especially business and technology stakeholders. This process can also help companies engage employees by simplifying processes, eliminating waste, automating repetitive tasks and integrating workflows. This example also holds valuable lessons on how to utilize automation and machine learning.
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Top Strategies for Building Successful Subscription Models with SAPJan 26, 2021 — With many of the world’s most successful companies being based on subscription models, these strategies can provide powerful resources for growing your customer engagement. Discover best practices and your steps to success as SAP Expert Allen Roholt answers your questions: How can building a subscription model on SAP help engage your customers and prospects? What […]
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