Let us have a look on the newly released SAP Standard Content for Billing and Revenue Innovation Management and how it works as an accelerator for (your) digital transformation.
In a nutshell, the SAP Standard Content for Billing and Revenue Innovation Management is built to deliver E2E scenarios for subscription and usage-based business models, which work as baseline for example for Fit to Standard Workshops or help to kickstart your implementation project.
Now let’s deep dive into the SAP Standard Content for Billing and Revenue Innovation Management.
What is SAP Standard Content?
SAP Standard Content Activation Service delivers business content on an end-to-end scenario level. This means that the SAP Standard Content for Billing and Revenue Innovation Management will allow you to model and re-imagine your business based on Best Practices.
Using the preconfigured system as a baseline you can minimize deployment efforts, risks and implementation costs.
The SAP Standard Content for Billing and Revenue Innovation Management can play an important role in SAP service offerings for example for advisory or fit-to-standard workshops at the early stages of a project.
The main benefit of having the SAP Standard Content is:
What is SAP Billing and Revenue Innovation Management?
SAP Billing and Revenue Innovation Management is an end-to-end billing solution for subscription and usage-based businesses having a high transaction volume. Billing and Revenue Innovation Management is designed for enterprises of any industry that is transforming their offerings into services aiming to lower costs in revenue management and billing while increasing customer satisfaction.
As an example, we use a digital assets company offering a movie streaming service with diverse subscription offers. The pricing model for those include One Time -, Recurring-, and Usage Charges. This means that a customer might pay an activation fee (one-time fee) to be onboarded to the service and monthly subscription which allows access to standard movies. In case he wants to watch a premium movie an additional usage fee on a pay per use basis is charged.
Business models such as the one described are typical examples for Billing and Revenue Innovation Management scenarios and are therefore also part of the SAP Standard Content for Billing and Revenue Innovation Management.
To make sure that the entire business context of the digital assets company can be shown the Billing and Revenue Innovation Management standard content covers the whole E2E - Order to Cash process. Starting with the creation of business partners (customers) and product modelling, Order Capture and Contract creation, collection of usage, pricing and charging of the consumed services followed by the billing and settlement. The correspondence creation as well as payment handling, credit and collection processes as well as customer care is covered by the SAP Standard Content for Billing and Revenue Innovation Management.
What is the scope of the SAP Standard Content for Billing and Revenue Innovation Management?
SAP Standard Content for Billing and Revenue Innovation Management is built on top of Best Practices and provides additional processes, configuration and E2E business scenario. The scenarios are grouped in the following way:
The included 20 out of the box scenarios are ready to use and provide an end-to-end reference architecture. They address typical customer use cases in a subscription and usage-based billing environment.
What will I get with SAP Standard Content for Billing and Revenue Innovation Management?
Together with the preconfigured System the SAP Standard Content for Billing and Revenue Innovation Management comes with a comprehensive package. Test data as well as Test Scripts for all running processes will be delivered, with those you can straight away start using the SAP Standard Content. Process models will also be included which can help during workshops. Even getting started guides and configuration guides describing all settings of the system which are not already part of the best practices, and much more is included in the SAP Standard Content for Billing and Revenue Innovation Management package.
How to use SAP Standard Content for Billing and Revenue Innovation Management?
The SAP Standard Content will be delivered via a data base extract.
It can be used out of the box for fit to standard workshops during the early phases of the project. This ensures more predictable results of implementation projects.
The predesigned process diagrams allow a fast documentation of new business processes. In addition, business user can make own E2E-experience with the Billing and Revenue Innovation Management solution. The provided test scripts and test data sets enable to jumpstart with the system. This ensures a faster adoption.
So, what are you waiting for? Kick start your Billing and Revenue Innovation project with SAP Standard Content for Billing and Revenue Innovation Management!
Thank you for reading this blog post!
Please like this post if you found it useful, and don’t hesitate to leave us your feedback in the comment section.
Alisa & Regina
In a nutshell, the SAP Standard Content for Billing and Revenue Innovation Management is built to deliver E2E scenarios for subscription and usage-based business models, which work as baseline for example for Fit to Standard Workshops or help to kickstart your implementation project.
Now let’s deep dive into the SAP Standard Content for Billing and Revenue Innovation Management.
What is SAP Standard Content?
SAP Standard Content Activation Service delivers business content on an end-to-end scenario level. This means that the SAP Standard Content for Billing and Revenue Innovation Management will allow you to model and re-imagine your business based on Best Practices.
Using the preconfigured system as a baseline you can minimize deployment efforts, risks and implementation costs.
The SAP Standard Content for Billing and Revenue Innovation Management can play an important role in SAP service offerings for example for advisory or fit-to-standard workshops at the early stages of a project.
The main benefit of having the SAP Standard Content is:
- Faster Time-to-Value
- Predictable results
- Faster Adoption
- Full Investigation
What is SAP Billing and Revenue Innovation Management?
SAP Billing and Revenue Innovation Management is an end-to-end billing solution for subscription and usage-based businesses having a high transaction volume. Billing and Revenue Innovation Management is designed for enterprises of any industry that is transforming their offerings into services aiming to lower costs in revenue management and billing while increasing customer satisfaction.
As an example, we use a digital assets company offering a movie streaming service with diverse subscription offers. The pricing model for those include One Time -, Recurring-, and Usage Charges. This means that a customer might pay an activation fee (one-time fee) to be onboarded to the service and monthly subscription which allows access to standard movies. In case he wants to watch a premium movie an additional usage fee on a pay per use basis is charged.
Business models such as the one described are typical examples for Billing and Revenue Innovation Management scenarios and are therefore also part of the SAP Standard Content for Billing and Revenue Innovation Management.
To make sure that the entire business context of the digital assets company can be shown the Billing and Revenue Innovation Management standard content covers the whole E2E - Order to Cash process. Starting with the creation of business partners (customers) and product modelling, Order Capture and Contract creation, collection of usage, pricing and charging of the consumed services followed by the billing and settlement. The correspondence creation as well as payment handling, credit and collection processes as well as customer care is covered by the SAP Standard Content for Billing and Revenue Innovation Management.
What is the scope of the SAP Standard Content for Billing and Revenue Innovation Management?
SAP Standard Content for Billing and Revenue Innovation Management is built on top of Best Practices and provides additional processes, configuration and E2E business scenario. The scenarios are grouped in the following way:
- Order and Contract Management (OCM)
- Service Fulfillment (SVF)
- Customer Invoice Management (CIM)
- Accounts Receivable Management (ARM)
The included 20 out of the box scenarios are ready to use and provide an end-to-end reference architecture. They address typical customer use cases in a subscription and usage-based billing environment.
What will I get with SAP Standard Content for Billing and Revenue Innovation Management?
Together with the preconfigured System the SAP Standard Content for Billing and Revenue Innovation Management comes with a comprehensive package. Test data as well as Test Scripts for all running processes will be delivered, with those you can straight away start using the SAP Standard Content. Process models will also be included which can help during workshops. Even getting started guides and configuration guides describing all settings of the system which are not already part of the best practices, and much more is included in the SAP Standard Content for Billing and Revenue Innovation Management package.
How to use SAP Standard Content for Billing and Revenue Innovation Management?
The SAP Standard Content will be delivered via a data base extract.
It can be used out of the box for fit to standard workshops during the early phases of the project. This ensures more predictable results of implementation projects.
The predesigned process diagrams allow a fast documentation of new business processes. In addition, business user can make own E2E-experience with the Billing and Revenue Innovation Management solution. The provided test scripts and test data sets enable to jumpstart with the system. This ensures a faster adoption.
So, what are you waiting for? Kick start your Billing and Revenue Innovation project with SAP Standard Content for Billing and Revenue Innovation Management!
Thank you for reading this blog post!
Please like this post if you found it useful, and don’t hesitate to leave us your feedback in the comment section.
Alisa & Regina
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