1 minute read
Welcome to this series of demo videos where we will explore the optimization of Quote to Cash processes using SAP solutions. Quote to Cash is a critical business process that includes multiple steps such as quoting, pricing, order management, billing, and revenue recognition. Inefficient and error-prone processes can lead to lost revenue and decreased customer…
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Grow Recurring Revenue with SAPAs competitors rapidly introduce new business and sales models in the marketplace, it is imperative that organizations look ahead, especially when it comes to modernizing their processes, strategies and tools. During this interactive session, we will present compelling use cases, deployment options, and the advantages that organizations have experienced with SAP BRIM + RAR.
In this session you will learn about:
Various subscription models, scalability, and the integration of the latest Revenue Recognition technology (RAR OCM).
Landscape options, including the necessary capabilities for a successful "X-as-a-service" transformation using SAP.
How the implementation of a flexible and scalable ERP solution propels businesses forward
1 minute read
Revolutionizing Revenue with SAP BRIM: Navigating the Subscription Economy LandscapeUnlock the Future of Revenue Management with SAP BRIM: In the evolving landscape of subscription and usage-based services, SAP Billing and Revenue Innovation Management (BRIM) emerges as a pivotal solution for businesses. This article explores BRIM's proficiency in handling recurring revenue models through flexible consumption models, addressing everything-as-a-service (XaaS) challenges across diverse industries. Discover how BRIM facilitates easy creation, modification, and management of subscriptions, supporting varied billing cycles and payment methods. The article explores into real-world use cases, showcasing BRIM's adaptability in the sharing economy, software licenses, telecommunications, and more.
As the global XaaS market is set to skyrocket, BRIM stands out as the market-leading solution, offering standard capabilities for subscriptions and usage-based models. The article highlights BRIM's role in reducing month-end close cycle time, empowering businesses to process vast amounts of usage and billing data efficiently. Uncover the four core components of BRIM—Subscription Order Management, Convergent Charging, Convergent Invoicing, and Financial Contract Accounting—essential in managing business model design, usage tracking, and transaction pricing.
Moreover, supplementary solutions like SAP Convergent Mediation, Revenue Accounting and Reporting, and SAP Entitlement Management further enhance BRIM's capabilities. Learn how these components streamline processes, handle high data volumes, and ensure compliance with financial reporting standards. With its flexibility, integration capabilities, and customer-centric features, SAP BRIM emerges as a versatile solution for businesses seeking efficient revenue management. Discover how adopting SAP BRIM can lead to increased efficiency, enhanced customer satisfaction, and a significant competitive advantage in the market.
4 minute read