Introduction to SAP BRIM
SAP BRIM (Billing and Revenue Innovation Management) is a high-volume usage-based solution that simplifies complex billing and invoicing processes. Industries like energy, telecom, utilities, etc. are already utilizing SAP billing services to ease their billing process. But, its usage is s rapidly increasing in other similar areas too.
What is SAP BRIM? Let’s talk about a few real-life examples to understand this better. We all use credit cards, and we know that credit cards come with a predefined credit limit. Have you ever thought about what helps them know that you have exceeded the credit limit? Well, the answer is BRIM Solution by SAP. Similar is the case when your operators know that you’ve already consumed the 1 GB data from your broadband quota. SAP based BRIM solution helps the company with the entire process and simplify the billing operations. Billing and Revenue Innovation Management or BRIM is basically an end-to-end cross-industry solution that is a combination of SAP Sales Order and Management, SAP Convergent Charging, SAP Convergent Invoicing, and SAP Customer Financial Management.
Transform your business with SAP BRIM
BRIM, with further innovations, has been transformed and given a new name as ‘Hybris Billing’. SAP BRIM can speed up the billing process and also increases the transparency across the complete revenue management process. The process also includes customer engagement and revenue recognition.
SAP Hybris billing is an innovation that gives businesses the power to coordinate and work in a more profitable way with their partners/customers. It eases the entire process of selling and re-selling products and services. This also helps in sharing revenue in the most appropriate way. SAP Billing allows you to simulate the latest pricing models and thus help you to create targeted offers both for products and services. SAP Hybris Billing also has the advantage of having proper control over distribution and fulfillment across the complete billing cycle. This means focusing on customer retention and innovation is more simplified now.
The Transformation of SAP BRIM / SAP Hybris Billing
SAP focuses on giving its BRIM customer, an incorporated customer experience under the SAP C4C/CEC umbrella. CEC here means Customer engagement and commerce, and the products that come under this umbrella include Hybris Commerce Suite/Hybris Marketing & C4C.
SAP Hybris Billing aims at using ADT (Audience discovery and targeting) that is provided by Hybris Marketing
SAP is intended to provide an easy yet much more efficient user interface to existing/new BRIM Customers. It is also focusing on bringing BRIM to be on the HANA platform.
What are the Advantages of using BRIM Solution to simplify your billing procedure?
Here are a few practical use cases to make the concept of billing automation using BRIM clear:
Practical Use Case 1 –
Get Unified Customer Experience with BRIM
When a customer goes to a phone store to buy a phone and data plan and due to some reason, the purchase couldn’t be completed at the store. Now, the customer goes home, opens the website of the store (on which the user was already registered, as the account was created when the customer was in store), logs in, finds the order that was left incomplete in the store, and finishes the order placement with the same offers. SAP Hybris Billing / SAP BRIM has made this possible.
Practical Use Case 2 –
Find, Reach, and Target Right Audience with BRIM
A customer purchases a high-end smartphone online with his account. A few days later, when the customer logs in to his account on the internet, he/she sees an advertisement offering some discount on the compatible accessory of the recent high-end phone that he/she purchased from the same account.
SAP Hybris billing eases and automates the entire billing and ordering processes from the cloud. It does that by combining various billing streams to produce a bill of a single invoice.