Billing and Revenue Recognition Platform
American software company that develops financial and tax preparation software and related services for small businesses, accountants and individuals
About the Client
American software company that develops financial and tax preparation software and related services for small businesses, accountants and individuals
About the Project
The project is all about replacing multiple silos of billing systems with a single, worldwide, multi-currency, multi-language revenue management system
Business Objective
Consolidating business processes and systems – replace multiple silos with a single worldwide billing & revenue recognition platform supporting SMB online ecosystem
Enable all existing offerings supported from this single billing and revenue management platform
Supporting multiple countries, currencies, languages, general ledger and taxation rules from this single revenue management platform
Align with the corporate priorities, which are:
- Win online & Mobile
- Win globally
- Everything As A Service
Implementation Highlights and Achievements
A generic solution based on Oracle BRM with
- Multi-currency support
- Generic subscription management APIs
- Dynamic Ledger based on Legal Entity
- Notification based correspondence framework
- Quotation APIs for presenting upfront price and precise CC authorization
- Support for multiple payment processors using Payment GW
- High availability using failover feature of BRM JCA
Implementation of follow-on credit, a feature missing in OOB BRM
Complete functional automation for billing use cases
Migration of the entire billing infrastructure to Oracle cloud
Business benefits
Reduce Total Cost of Ownership through consolidation and cloud migration
Improving time to market
Improving price quotation performance 4 folds – Improving overall customer satisfaction
Improving signup performance – Improving overall customer satisfaction
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