BRIM Solutions
SAP Billing and Revenue Innovation Management Solutions (BRIM)
Enjoy transparent revenue management and recurring billing capabilities with scalable, flexible and highly-automated software for billing, invoicing of SAP Billing and Revenue Innovation Management (BRIM) Solutions help the companies to manage the monetized subscriptions and usage-based models with agility.
Our focus at Stelosys is to enable the comforting forward moves towards subscription-based consumption models that are fueled by binding various service consumptions together through a single subscription. SAP BRIM implementation helps the customers to bill and invoice for a new stream of revenue.
In addition, Firebase Cloud Messaging (FCM) , a service that is used by SAP Mobile Platform Server or any other entity to send a push notification to a specific customer, is integrated and it gives the customers the threefold functionalities of SAP Subscription Order Management, Convergent Charging, and SAP Convergent invoicing.
SAP BRIM Solutions help both the customers and the companies to stay in a win-win situation. On one hand the customers get the flexibility to scale and reduce initial investments and on the other hand, the companies get the chance to predict the revenue stream by planning the business strategies and continuous customer engagement.
You can vouch for SAP BRIM Solutions' solution delivery process which will help you to define the charging methodology. For example: for an event-based model like any OTT platforms or streaming channels, the company will focus on defining the business/transaction events that can trigger charges for customers and a consumption-based model like any tele company that allows their customers to use limited data everyday, the company will charge according to the tiers of consumptions, from the customers.
What does SAP Billing and Revenue Innovation Management Provide?
Subscription order management
- Helps to provide end-to-end SAP BRIM Solutions
- Enables the business process developed in SAP for the purposes of addressing the generation of fees
- Supports the SAP CRM (Customer Relationship Management) system that allows your company to manage the SalesForce automation, pipeline management and SaaS or Cloud access. This helps to track the leads and generate leads more precisely.
SAP Convergent Charging
- Enable subscription or usage-based model with dynamic and flexible pricing
- Get access to a consolidated billing system that can help in deciding profitable rates and also charge thousands of consumption events in both prepaid and postpaid billing model
- Get quick return on investment with swift solution deployment
SAP Convergent Invoicing
- Quickly schedule and configure billing and invoicing process with flexibility
- Handle high volume of billing, avail complex discount, custom pricing and enable 3rd party revenue sharing
- Consolidate billing sources from multiple source streams into a single, simplified invoice
Contract Accounts Receivable and Payable
- Handle thousands of customers with varied types of receivables with FI-CA
- Post financial documents, pay or receive payments
- Manage revenue, disputes, credits and collections easily
Checklists to bring in mind while selecting the SAP BRIM Solutions, benefits that benefit you
Classified Convenience
- The variety of services can be used by the customers with no minimum purchase
- Pay-per-use and auto-renewal service are the main focus of SAP BRIM subscription-based revenue model that too with a minimal investment
- Buying, taking rent or contacting any service are available for the customers in no time
Reduce Billing Errors
- Companies can vouch on to predicting revenues and increasing customer loyalty & retention with reduced billing errors
- Deduction of invoicing errors and revenue leakage due to inconsistent ratings
- Helps to omit inaccurate data usage calculations and delayed invoice generation
- Consumed and billable items are collected accurately
- Focuses on accurate accounting
Advanced Agility
- Effective configuration of multi-channel subscriptions helps to automate complex quotation and pricing of existing subscriptions
- Start automated invoice notifications to customers that would help in providing them with invoice
Billing and Payment
- Easily track all customers' subscription changes for any time period with the centralized SAP BRIM system.
- Resolve pricing complexity with an accurate billing process and eliminate overcharging or under-payment issues.
- With Stelosys, you can get personalized support with seamless billing process
Flexibility and Revenue Recognition
- With SAP BRIM solution, you can easily start using the products and services without any implementation setup.
- You can opt for pay-as-you-go model to minimize cost
Track Consumer Metrics
- Get in-depth insights to many KPIs, and monitor customer value, profit margins, retention rate etc.
- Provide better customer-centric services with real-time metrics