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.

Oracle-Subscription-Contracts
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?

why-Oracle-Subscription-Contracts
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?

help-Oracle-Subscription-Contracts

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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