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Revenue among subscription businesses grew roughly five times faster than both the retail sector and the S&P 500 from 2012 – 2019, according to data from Zuora. Businesses are shifting from traditional one-time product or service selling models to new recurring revenue models. This shift promises new revenue streams and sales growth – but making the transition to a subscription business model is no easy feat.
Organizations need to carefully bundle products and services to maximize customer value and profitability. Further, they need to reimagine their front, middle and back-office processes to support customer interactions, real-time flexible billing options, and compliance with accounting standards. Key to this transition is a modern interconnected system spanning end-to-end flow from pricing and quoting, to order entry and fulfillment, to billing determination and presentation to revenue recognition and accounting.
Join us for a webinar to hear how one company is deploying Oracle ERP Cloud on its journey to a subscription business model. In the webinar we will cover the following:
• Business drivers influencing the shift to the subscription economy
• Oracle’s architecture for subscription business models
• Key Features and design considerations (how it works Products, Coverage, Pricing, Billing, Revenue)
• Case study - demo of Oracle Subscription Management