What are the stages of SAP BRIM solution business lifecycle process?

To learn how businesses are revolutionizing their complex billing and invoicing process using SAP BRIM, consider enrolling for AC230 SAP Billing and Revenue Innovation Management (BRIM) Training Certification Online Course from Multisoft Virtual Academy. However, if you want to learn how SAP BRIM works, we are here to help. In this blog, we will learn the stages involved in business lifecycle processes of SAP BRIM.

First, let’s understand…

What is SAP BRIM? - SAP BRIM Training Course

SAP BRIM (Billing and Revenue Innovation Management) is a modular billing solution for high-volume consumption industries and is used to ease the complex billing and invoicing process. It enables flexible consumption models and is used in different industries like telecommunications, financial services, utilities, media, logistics and public transport.

With the SAP BRIM solution, customer requirements can be implemented better and faster, and high data volumes can be processed with high efficiency. SAP BRIM simplifies the entire process of selling products and services and revenue sharing in the most effective way. SAP BRIM allows companies to design and tailor their pricing models and to create targeted products and services based on customer needs. Also, SAP BRIM offers the possibility of real-time pricing.

Stages of Business Lifecycle Process- SAP BRIM Training Course

• The first phase is design, in which SAP BRIM assists with the creation of a uniform design for a business and pricing model, along with the master agreement that will be used as the base for other downstream processes.

• Once this is done, the next phase, solution sales, kicks in. In this phase, companies define how they will sell their products with the assistance of the contract management and/or quote management functionalities offered by SAP BRIM.

• The third phase is solution delivery. In this phase, companies define the charging methodology for their portfolios. In other words, this is when the companies decide how and how much their customers will be charged based on the business models they pursue. For example, if a company follows an event-based model, it will define the business/transaction events that trigger charges for customers. If a company chooses a consumption-based model, it will calculate the tiers of consumption in which customers will be charged.

• The final phase is solution billing. In this phase, SAP BRIM lets companies manage their billing and invoicing mechanisms for consumers based on what has been finalized in previous phases. Furthermore, SAP BRIM aids in the management of revenue recognition and management with various tools for revenue analysis.

Enroll for SAP BRIM Training from Multisoft Virtual Academy. Here’s why.

Multisoft Virtual Academy has been in training industry for more than 2 decades and backed by a team of global subject matter experts from around the world. When you enroll for SAP BRIM Corporate Training Course from Multisoft, you get the opportunity to learn from experienced industry experts and gain skills with hands-on experience from real-life projects and assignments. All the courses offered by Multisoft come with perks like lifetime access to e-learning material, recorded training session videos and after erp training support.

The courses are delivered in live instructor led, one-on-one and corporate training sessions, where after successful completion of the SAP BRIM Training Course, aspirants receive a globally recognized training certificate to validate and showcase their learning and skills to employers across the world. What’s more? Multisoft after training support assists you to connect with potential employers and lucrative job opportunities in related areas, so that you can step up the career ladder without delay.

Conclusion:

SAP BRIM Training Course from Multisoft Virtual Academy imparts knowledge on all the main aspects of SAP BRIM and helps in developing understanding of BRIM Processes; getting acquainted with the Billing and Revenue Innovation Management Solution Components and running BRIM Process with Provider Order, Credit Note, Rate Usage, and Run Dunning.  This course is ideal for Team Leads; Application Consultants; Business Process Owners; Power Users; Program Managers; Project Managers and Solution Architects.

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About the Author

Shivali Sharma

Shivali is a Senior Content Creator at Multisoft Virtual Academy, where she writes about various technologies, such as ERP, Cyber Security, Splunk, Tensorflow, Selenium, and CEH. With her extensive knowledge and experience in different fields, she is able to provide valuable insights and information to her readers. Shivali is passionate about researching technology and startups, and she is always eager to learn and share her findings with others. You can connect with Shivali through LinkedIn and Twitter to stay updated with her latest articles and to engage in professional discussions.