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Maximise Business Benefits with SAP Subscription Billing and Revenue Management

While you choose SAP Billing and Revenue Innovation Management Solution for your business, you get the advantage of monetizing subscription and usage-based business models with agility and with advanced capabilities like revenue management and recurring billing. For service details visit www.acuitilabs.co.uk

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Maximise Business Benefits with SAP Subscription Billing and Revenue Management

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  1. AcuitiLabs Maximise Business Benefits with SAP Subscription Billing and Revenue Management www.acuitilabs.co.ukMay 2020

  2. The evolution of  subscription-based business models With the increase in growth of mobile communications and the internet, the face of subscription-based business models has dramatically evolved and is changing the way customers use to look at buying options. Every business is becoming a connected one by moving from products to services.  Earlier it was only a handful of industries that offered the choice of recurring payments, today a lot of industries have already moved into this business whereas, several others are planning to opt the option of offering services and products based on subscription. www.acuitilabs.co.uk

  3. Subscription Based Billing – Win for Customers and Business It is not only businesses that are being benefited with the use of SAP Subscription Billing model, but customers are also get more options to choose from and buy only what is required. This also help businesses in maintaining continuous cash-flow and building stronger and lifetime relationships with the customers. www.acuitilabs.co.uk

  4. A Few Key Features Essential for a Subscription Billing System Flexibility : The subscription billing model is required to be flexible and should come with the option to be easily deployed in the cloud, on-premise or in a hybrid way depending on the requirement of the customer. Responsiveness : Businesses need to have a solution that is responsive and powerful with the ability to create any type of pricing rules imaginable in hours or days – not months. Any subscription billing system that do not require a lot of highly trained developers for its installation, implementation or management is considered to be the best. Real-time and Centralised Pricing Model : An ideal billing system possesses a real-time and centralized pricing model. It should be capable of providing needed support to all subscription products and services that are offered by a particular company. Scalability : You can easily manage the scenario in the initial phase of using a subscription billing model for your business as you might have fewer customers at that time. But as you grow, this number will also increase dramatically and will require a system that can support a huge number of subscribers and can process billions of transactions in a single day. Thus, scalability is one of the important features of any subscription billing system. www.acuitilabs.co.uk

  5. A Few Key Features Essential for a Subscription Billing System • Usage metering : We need to understand the fact that the simplest subscription models are based mostly based on flat recurring fees. There are a lot of businesses that need to meter customer usage so that they can efficiently manage pricing, discounts and other options like up-sell. Another advantage of usage metering is reporting and revenue recognition. • Financials and reporting :  An effective billing solution provide complete customer financial management and integration with the Backend Accounting Module. Reporting and Business Intelligence must be leveraged at real-time speed to keep a check on the company’s health and growth rate. www.acuitilabs.co.uk

  6. Below are the key benefits of using BRIM • 1.    Supports high-volume processing and Scales up businesses : Provide support to the Internet of Things and connected devices with high-volume, automated, and transparent processing across usage-event and financial postings. • 2.    Easy Migration from selling products to selling services and physical goods bundled with services : Offer your customers outcomes-based on subscriptions and real-time usage-based services, while supporting revenue-sharing models across your extended ecosystem. • 3.    Ease and flexibility of operationalizing your business model : Get the freedom of enabling any variant or combination of prepaid and pay-as-you-go business models with rules-based, smart automation of invoicing and accounting processes. • 4. Supports Partner Revenue Sharing : Partner Revenue Sharing option by SAP BRIM helps the partners in establishing a successful cloud practice with lower liabilities and risks providing maximum benefits to them.Page Break www.acuitilabs.co.uk

  7. Thank you​ Acuiti Labs ​ ​ 1 Fore Street, ​ London EC2Y 9DT​ ​ e: info@acuitilabs.co.uk    ​ t: +44 (0)20 7101 9405​ w: www.acuitilabs.co.uk​

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