Overview of Oracle Subscription Management
Oracle Subscription Management provides a complete solution to sell subscriptions, services, and usage-based products that include tangible items, such as periodic copier ink delivery, or intangible items, such as complex usage-based software subscriptions.
Charge your customers based on how much they consume, with usage collected from any source via a web service. Increase customer lifetime value by improving renewal rates and reducing revenue leakage with the renewal capabilities in Oracle Subscription Management.
Subscription Management helps you:
-
Create subscriptions using the UI, REST services, or import processes.
-
Create subscriptions with subscription products and coverage products.
-
Create line and subline hierarchies using coverage products with covered levels.
-
Manually adjust product charges.
-
Integrate with Accounts Receivables for billing.
-
Integrate with third-party web services for acquiring usage quantity.
-
Integrate with pricing application to setup discounts, promotions, and offers.
-
View billing schedules.
-
Preview subscriptions.
-
Renew, amend, suspend, resume, and terminate subscriptions.
-
Manually renew subscriptions using REST service.