Few Words about SAP BRIM
Before we move to the main section of this article, we have to define first what is SAP BRIM? SAP BRIM (it is transcripted as Billing and Revenue Innovation Management) was previously under the title SAP Hybris Billing before. It is a complex resolution for companies with consumption on a high volume. It is valuable as it makes complex billing and invoicing processes easier. Nowadays, such branches as energy, telecom, and utilities actively utilize SAP billing services to simplify the billing process.
To help you comprehend better, we can consider an example from ordinary life. Many people in the world use credit cards; it is not a new phenomenon. Those who utilize their cards for a long while know that there is such a thing as a predefined credit limit. But who do you think? How many people ever put a question about what assists in determining you have exceeded the credit limit? Of course, the answer is SAP BRIM. Another example can be given about your operator. With the help of SAP BRIM, the operator can know that you have already consumed 1GB of data from your broadband quota.
SAP BRIM allows different flexible consumption models. Such a resolution is intended to optimize the lifecycle processes of any company. These processes include designing, selling, supply, and billing.
What is Master Data?
Another element of this topic is master data. If you want to create and protect data, VPN is what you need. You can easily download it online. VPN has a free version. In addition, it proposes a trial for clients.
Usually, we can define two examples of Master Data in SAP CC. They are The Subscriber Account and the Provider Contract. Note in the case you desire to produce a Provider Contract, and you need to produce at least one Subscriber Account. It is a mandatory condition.
In the case of end-to-end integration with SAP Offer-to-Cash, the subscriber account is replicated from business partners. In the case of standalone with SAP CC, one can utilize the Core Tool to create a subscriber account. Speaking about Provider Contracts, they can be created with the help of SAP Web-services or SAP CC Core Tool.
Elements of SAP BRIM
SAP BRIM consists of four main components:
· SAP BRIM (subscription order management);
· SAP Convergent Charging;
· SAP Convergent Invoicing;
· Contract Accounts are Receivable and Payable.
Using all these components can assist in the business model design management, order management, track utilization, pricing formation, billing/invoice processing, control receivables, payables, commissions, royalties, and render support of customers in the financial sector.
Moreover, SAP BRIM likewise proposes peripheral resolutions, which we will consider below: SAP Convergent Mediation (created by DigitalRoute), SAP Entitlement Management, and SAP Revenue Accounting and Reporting. According to the business requirements, they are realized when they are required and supplement the main solution SAP BRIM.
Let’s consider every component and peripheral resolution in detail.
SAP BRIM (Subscription Order Management)
SAP BRIM (subscription order management) is regarded as an essential element of the complex solution SAP BRIM. This business process was created in SAP to determine dues for periodical utilization of rights and consume dues for the factual quantity of measurable utilization. It is considered to be an extra function based on the SAP CRM.
Previously, SAP CRM operated as a frontend to assist firms in making connections with clients for enabling them select products or services. SAP BRIM (subscription order management) and SAP CRM are considered a departure dot for SAP BRIM because it operates lifecycles of contracts and catalogs of products (taking into account service packages).
After all these actions are performed, SAP BRIM (subscription order management) forms orders, which will then be accomplished by the main system called SAP ERP. Next, the info about the order is transmitted to the next component that is titled SAP Convergent Charging.
SAP Convergent Charging
If we speak about a goal, we can tell this component is intended to provide pricing flexibility during the charging process of clients. In this component, a fee is considered to be a price created on the basis of a rating that is collected from a subscriber (or a client or a customer). Simply speaking, SAP Convergent Charging is an instrument for calculations utilized to define charge type (charges can be: one-time, recurring, or usage-based).
Charging and rating are two principal components of SAP Convergent Charging. Charging assists in defining what concrete client account is going to be under fees for a concrete client. At the same time, rating concentrates on a mechanism of calculation that deduces the summary total to be under fees in the billing paper.
SAP Convergent Invoicing
SAP Convergent Invoicing’s main aim is to consume issued invoices after they are transmitted from SAP Convergent Charging. When these items arrive at SAP Convergent Invoicing, the app will start to work up the uploading process of detailed records about consumption, billable items storage and aggregation, formation of the invoice, and issuing this invoice to the client.
This component keeps and manages data records about rated consumption from the system (SAP Convergent Charging). Data records about rated consumption are likewise noted as payable items and pass a process of billing as an element of receivables posting in FI-CA.
SAP BRIM (subscription order management) and SAP Convergent Charging are considered separate applications. In the case of SAP Convergent Invoicing, it is not considered to be a separate application. It comes as an element of the next component that is called Contract Accounts Receivable and Payable.
Contract Accounts Receivable and Payable
Such a component, also known as FI-CA, is considered the last but not least SAP BRIM component. This is a backend in the financial field. It proposes postings of accounting in sub-ledger that are adapted to meet the demand of segments of the industry where businesses have to cooperate with numerous clients and many transactions.
FI-CA component likewise proposes a large range of functions operating as a backend in a financial field of a reliable resolution in a dynamical model of business. FI-CA component proposes tax calculations, specific processes for a country (accounting principles, collection management, payment processing, partner settlement, etc.), and taxation. FI-CA component is absolutely automated after a primary setup and needs minimal intervention.
Some Details about Peripheral Solutions
To tell the truth, the previous four main components of SAP BRIM are suitable to satisfy the majority of business requirements. Nevertheless, there are some situations where companies have the possibility to create more reliable and flexible solutions using an integrating process of peripheral solutions proposed on the market. Below are the most widespread peripheral solutions that can supplement SAP BRIM.
SAP Entitlement Management
Such a peripheral solution makes the entitlement management process easier for businesses. It manages the lifecycle of entitlement. This solution procures transparency on what items clients have a right to. It refers to a client and the sales representative. It assists in raising the satisfaction of clients and delivers extra opportunities for cross-selling.
SAP Revenue Accounting and Reporting
Such a peripheral solution enables companies to manage cycles of revenue recognition according to different accounting policies. This solution includes many configured in advance standards and instructions of accounting. Moreover, SAP RAR proposes a large range of capabilities to configure reports for situations when standard reports can’t satisfy the requirements of a company.
SAP Convergent Mediation (created by DigitalRoute)
This peripheral solution is considered to be a partner product of SAP that DigitalRoute created. It has the function of ensuring a standardized method for data mediation. It is regarded that this solution first collects data from several sources; next, these data are converted into a suitable format that components of SAP BRIM can utilize.
Despite the fact that another party created this solution, it has a strong advantage. It lies in that this peripheral solution is integrated in advance into SAP BRIM, and it means that a process of deployment can be carried faster.
To sum up, we form orders in SAP BRIM (subscription order management), then we make computations in a component SAP Convergent Charging for a particular order on the basis of utilization and receive the final amounts of charge in SAP Convergent Charging. With the help of SAP Convergent Invoicing, we send bills and invoices to the client. At last, using the FI-CA component, companies can post documents regarding finances and get or make payments. We likewise can utilize the FI-CA component to manage disputes, credits, and collections.
Thank you for reading this article. Share your thoughts in the comments and ask questions.