With the advent of subscription services, global companies are shifting to the feasible approach to managing a business. It is focused more on retaining the existing customers by delivering accurate and transparent services. Therefore, it enhances the customer relationship and retains them for an extended time.
The subscription model facilitates business growth along with the customers by taking their demands and suggestions into account. It is a complete revenue innovation strategy that helps with customer relationships, innovation, productivity, and profitability.
SAP BRIM is an accurate billing and accounting solution that automates the entire subscription billing cycle for businesses. It allows customers to have a hassle-free and transparent digital subscription journey.
SAP BRIM Implementation services help to reduce complexities associated with billing and invoicing and allocate easy management of high-volume complex processes. It is an efficient solution with optimized solutions for businesses with extensive data income.
What are the benefits of SAP BRIM Implementation?
Accurate Billing & Invoicing
SAP BRIM solution facilitates transparent billing and invoicing process and tracks any changes made in a particular subscription contract at any time.
Enhanced Revenue Recognition
BRIM allocates shared revenue and solution order management that improves the selling and reselling of services, products, and bundled services which help to bring about more revenue.
Track Performance
The solution brings in business insights into KPIs, retention rates, and profit margin of recurring revenue. This will allow companies to offer more customer-centric services.
Reduced Revenue Leakage
SAP BRIM is an end-to-end solution that carries out calculations for data usage and brings out accurate accounting and billing which radically reduces revenue leakage.
Enhanced customer experience
BRIM solution helps in significantly speeding up the billing process and delivering transparency in the entire revenue management process, allowing customers to experience the best services.
Enhance your order-to-cash cycle through Mobolutions aided SAP BRIM implementation and attain a streamlined subscription billing cycle with order management, convergent charging, convergent invoicing, and customer finance management.