Oracle Subscription Contracts - 4 Ways to Save (and Earn) Money
With the number of cloud
solutions that are available to companies today, everyone's pretty familiar
with the concept of subscription-based pricing. It's been popular on the
individual consumer level for a while now, and as companies start using more
cloud-based solutions for their technology needs, it's becoming more popular on
the corporate level as well. Learn more about Oracle cloud services.

You're probably looking to
offer subscription contracts to your customers too. Or maybe you already do.
Are you already using other Oracle products in your company? Did you know that
you can use Oracle to help you manage your subscription contracts better? That
it has subscription-based features you can use with your customers?
Yes, that's right.
Integrate the subscription contracts into your
existing Oracle EBS modules to successfully meet any overall business driver
your roadmap might have. You'll be able to streamline your revenue streams,
upsell and cross-sell your services, offer pricing flexibility to your
customers, and manage billing cycles and pricing tiers more easily. Not sure
how that works? Well, let's take a closer look at how Oracle can help.
Oracle Subscription Contracts
There are several different
kinds of subscription contract functions that are available through Oracle.
Product & Billing
|
Finance
|
Solution Management
|
·
user-based licensing & billing
·
renewals
·
upgrades & add-ons
·
bundling
·
complex pricing
|
·
revenue recognition
·
payment gateways
|
·
provisioning
·
reporting & analytics (OBIEE required)
·
middleware integration
·
customer management
|
Why Should I use Oracle's Subscription Solutions?

As a user of subscription-based
services, you already understand the main benefits of cost savings for
purchasers and consistent revenue for sellers. However on a larger enterprise
scale, subscription contracts offer even more benefits to both sellers and
purchasers.
Sell
both tangible and intangible items. Whether
you're selling physical products that you ship to your customers on a regular
basis, or intangible services like consulting or support services (or both),
Oracle subscription contracts let you handle that.
Handle
complex pricing and subscription billing models. You'll be able to handle complex
variations on your pricing model, so that you can offer different options and
packages to your customers. They'll understand exactly what they're buying and
how much it costs, and you won't have to deal with any complexity to administer
all of this.
Integrate
it with your other Oracle EBS modules. This makes sense from both a financial perspective, as well as an
administrative one. Chances are the Oracle partner you dealt with for your
other solutions can help you with your subscription module too. And by bundling
all of your Oracle
EBS services through one provider, you'll be saving money as well. You're
taking advantage of the same savings you can offer your customers!
Recognize
and capitalize on all revenue streams. With the integration of all your Oracle EBS services in one
portal, you've now created the single global customer system of record for your
employees. Whether they're in Sales, Marketing, Finance, or IT, everyone has
access to all of the information you have available. They'll have access to
opportunities for automated fulfillment, service contract support (warranties
and support services), and billing. This will literally allow them to make new
connections and increase overall revenue for your business.
How can Jade help?

If you're ready to integrate
Oracle's subscription contracts in your existing environment, we can help. From
adding the functionality to your existing Oracle EBS solution, or implementing
an entirely new Oracle solution, we've got the expertise to do it for you.
To find out more about how Oracle subscription
contracts can help your business, take a look at this webinar we recently offered. It should
answer all your questions, but if you have more, don't hesitate to contact us.
We'd love to hear from you.
Original blog source: https://www.jadeglobal.com/blog/oracle-subscription-contracts-4-ways
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