Customers are becoming ever more demanding in the way they purchase and use products and services. Utilities, B2B services, communication providers, SaaS platforms; consumers are expecting nothing but the best. One aspect of the purchasing process that customers seem keen on is customizable billing. Such models include product and service bundles, personalized billing, usage caps,…
If you are a B2B service provider or you run a business that caters to the need of a clientele, one of the challenges you will have to deal with is adopting an efficient automated billing system. Preparing an invoice and getting the same to all your customers at the end of every month is…
Businesses are set up by their owners for two principal reasons. To maximize wealth and profit at the same time. Shareholders want to earn a profit from their products, and they also want to see the value of their business increase. However, lofty these aims may be, achieving them is impossible without an effective payment…
In one of our previous articles we already presented deployment of Oracle BRM 12 Cloud Native Deployment version to Oracle Cloud. Oracle Cloud is very well-designed cloud environment, which is also affordable and constantly evolving. However, if you want to deploy Oracle BRM 12 to Oracle Cloud you have to use some non-free features and…
Are you a company offering subscriptions and usage-based billing to your clients for different services? If so, you undoubtedly use a rating and billing solution. Maybe you developed your solution in-house, or perhaps you purchased it as a one-time fee or as a service? Companies such as Zuora, Chargebee, and Chargify, specialize in offering rating…
Competition between companies has become much fiercer in the digital era. It’s not something anyone can – and should – get involved with. If you’ve been in business for a long time now, such as over 20 years, then you have to be extra careful of the industry “disruptors”. Some of the biggest companies in…
It seems like there’s always someone talking about the Internet of Things (IoT), connected homes, and smart homes whenever we put on the TV and watch news on the internet. That’s to say nothing about smart control systems and smart automobiles, such as self-driving cars. What does it all mean though? As a company that…
In this article we have question ourselves when and what would be the next Oracle BRM version. Oracle has released a new version of Oracle Communications Billing and Revenue Management 12 (Oracle BRM 12). New capabilities include: New unified functionality available in the modern, browser-based Billing Care user interface, Advanced customer and asset management….
Our reason to start analysing and testing Oracle BRM pin_del_closed_accts tool was GPRS Article 17: “Right to erasure (‘right to be forgotten’)“. To meet all the GDPR requirements, all closed accounts must be deleted from Oracle BRM after a 24 months retention period. Till now we anonymized all customer information directly in the Oracle BRM…
First, let’s take a look at an overall picture of what the Oracle BRM billing process does: Compiles the total amount of balance impacts that have occurred in the past month. This can include usage fees and subscription fees. Changes the status of all the bill items associated with the bill from pending to open…