Unlock New Revenue Streams with SAP BRIM and Infosys
Why Choose SAP BRIM for Modern Billing Needs?
Across industries, companies are striving to innovate by expanding their outreach to both B2C and B2B customers. In a bid to capture fast-moving business opportunities, companies are increasingly offering personalized products and services, to be brought to market promptly.
These subscription or usage-based models generally involve complex offer management, billing and invoicing scenarios, with high volume of transactions.
SAP BRIM (Billing and Revenue Innovation Management) is a modular solution designed to handle these diverse needs with ease and complete transparency. It enables companies to design and tailor monetization models for products and services based on customer needs. SAP BRIM is available both in a BRIM Private Cloud Edition and a BRIM Public Cloud Edition to cater to the needs of various clients.
Transform Your Billing Processes with Infosys Expertise
Our SAP BRIM and Subscription billing offering helps companies deliver a streamlined, automated & personalized billing experience for their end consumers. Infosys partners with companies in this digital transformation journey, assisting them in adapting and accelerating their business processes. This includes developing an agile, flexible & transparent revenue management process. We bring extensive experience in implementing and supporting SAP BRIM services, encompassing process consulting, Integrations and migrations.
Our structured framework, robust methodology and deep expertise facilitate the deployment and operation of subscription or usage-based billing platforms. This provides significant benefits to clients, including topline growth, landscape modernization, and growth maximization.
Empower Your Revenue Potential with SAP BRIM: Simplify Billing, Enhance Customer Experiences, and Drive Growth
- Simplify Billing Emphasizes the efficiency and automation capabilities of SAP BRIM in managing complex billing scenarios.
- Enhance Customer Experiences Stresses the importance of personalized and seamless billing experiences, which can lead to higher customer satisfaction and loyalty.
- Drive Growth Focuses on the business outcomes, such as unlocking new revenue streams and supporting scalable growth through flexible and innovative billing models.
Addressing Key Revenue Challenges with SAP BRIM Solutions from Infosys
Many businesses struggle to grow recurring revenue streams due to challenges in acquiring new subscribers, retaining existing customers, and expanding product offerings. SAP BRIM solutions from Infosys addresses these issues by providing flexible subscription plans across diverse product categories, personalized pricing plans that evolve with market conditions and customized billing cycles tailored to unique customer requirements. It enables businesses to create compelling subscription offers, effectively upsell and cross-sell additional services, and adapt pricing strategies to maximize revenue growth.
Revenue leakage occurs when businesses fail to capture potential revenue due to billing errors, disputes, or inadequate revenue recognition processes. Infosys with SAP BRIM solutions helps minimize revenue leakage by automating billing processes, reconciling revenue streams in real-time, and providing accurate revenue recognition based on accounting standards.
Traditional revenue management processes often involve manual tasks and disparate systems, leading to inefficiencies and delays. Infosys and SAP BRIM solutions streamline revenue management by integrating billing, invoicing, and revenue recognition into a single platform. It provides real-time visibility into revenue streams and automates revenue allocation and distribution processes.
Dealing with customer disputes and inquiries related to billing can be time-consuming and resource-intensive for businesses. SAP BRIM includes features for managing customer interactions, dispute resolution workflows, and more. It helps businesses address customer inquiries promptly and resolve disputes efficiently, enhancing customer satisfaction.
Compliance with regulatory requirements and accounting standards poses challenges for businesses, especially in industries with complex revenue recognition rules. SAP BRIM helps businesses stay compliant by providing configurable revenue recognition rulesets that can be tailored to specific industries and geographies. Revenue recognition can be complex for businesses with diverse revenue streams, multiple delivery models, and changing accounting standards. Employing SAP BRIM, Infosys simplifies revenue recognition by automating the allocation of revenue to appropriate accounting periods, in accordance with regulatory requirements and accounting principles. SAP BRIM also offers robust reporting and analytics capabilities that enable businesses to track key revenue metrics, analyze trends, and forecast future revenue streams.
Businesses that rely on partner ecosystems to deliver products and services face challenges in managing partner relationships, revenue sharing agreements, and settlements. SAP BRIM provides capabilities for managing partner ecosystems by facilitating partner onboarding, defining revenue sharing models, and tracking partner performance. It enables businesses to automate partner settlements, reconcile revenue shares, and generate partner statements, enhancing collaboration and transparency across partner networks. Infosys implements these capabilities to ensure seamless integration and optimal performance.
Overall, SAP BRIM helps businesses overcome various billing and revenue management challenges by providing a comprehensive platform with advanced features for billing, invoicing, revenue recognition, and analytics.
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