In today’s ever-evolving B2B landscape, businesses across various industries are increasingly adopting Anything-as-a-Service (XaaS) models to drive recurring revenue and foster sustainable growth. By offering products and services on a subscription basis, companies can build steady and predictable income streams while providing greater value and flexibility to their customers. This shift towards XaaS allows businesses to continuously innovate and improve their offerings, ensuring that customers receive the latest updates and features without the need for significant upfront investments. XaaS models also enhance customer retention and satisfaction by nurturing long-term relationships and delivering personalized, on-demand solutions tailored to specific needs. As a result, businesses can not only boost their financial performance but also stay competitive in an ever-changing market landscape.
But, shifting from selling one-time assets to subscription offerings to intelligent, service-based offerings intensifies organizational demands. Without the right technology, organizations risk getting stuck in endless analysis and pilot phases, unable to successfully implement new initiatives. Oracle Subscription Management enables businesses to efficiently manage new subscriptions, renewals, and upgrades by integrating with their CRM and back-office systems for a comprehensive view of their customers’ purchasing behavior. Oracle Subscription Management, built on advanced machine learning (ML), stands out as the only fully integrated, cloud-based solution tailored for product- and service-based companies. This innovative system streamlines the management of contracts, billing, and revenue, simplifying subscription processes and enhancing overall operational efficiency.
See why Oracle was named an Exemplary Leader in the Ventana Research Buyers Guide 2024: Subscription Management. Download your copy today!
Key benefits of Oracle Subscription Management
Oracle Subscription Management offers a comprehensive suite of benefits that streamline and optimize business operations.
- It supports end-to-end processes from order-to-cash, allowing companies to operate hybrid product and service subscription business models seamlessly on the same platform.
- With 360-degree insight into new and historical deal activity, opportunities, and customer buying habits, businesses gain valuable data to drive informed decision-making.
- Automated revenue recognition, billing, and invoicing save time and money.
- Enhanced sales planning visibility aids in managing complex orders, quotes, and recurring pricing.
- Oracle Subscription Management via integration with Oracle Order Management provides mixed order fulfillment support for both services and physical assets, ensuring a cohesive and efficient workflow.
Oracle’s excellence recognized by Ventana Research
Oracle’s subscription management capabilities have been recognized by Ventana Research in their 2024 Buyers Guide. As an Exemplary Leader for the second consecutive year, Oracle ranked among the leaders in Product Experience and Customer Experience, thanks to its unified suite of applications and commitment to revenue growth technology.
Ventana Research defines subscription management “broadly to cover all aspects of monetization. This includes flat-fee subscription business models, usage, and milestone methods as well as traditional, one-time sales. We assess how providers support all types of industries and sizes of enterprises that may be using self-contained systems or integrating with a third-party ERP, billing, digital commerce, and custom systems. In addition, we uniquely gauge providers’ ability to collect payments with invoiced transactions and allocate them to originators, royalty holders or other partners and owners of assets. Effective account receivables and cash flow also require dunning and collections capability.”
At a high level, Oracle Subscription Management’s capabilities:
- Enable organizations to build predictable, recurring revenue models
- Coordinate recurring orders and associated activity
- Initiate and automate billing
- Interpret subscriber activity and intent with rich analytics so businesses can appropriately respond
Download the report to learn more about how Oracle integrates and drives collaboration across your essential front- and back-office processes.
We are excited that Oracle is an Exemplary Leader in the Ventana Research Buyers Guide 2024: Subscription Management. Our comprehensive portfolio delivers unmatched support for increased revenue performance, and revenue transformation. Organizations are transforming the way revenue is generated by adding multiple revenue streams, across multiple channels, through multiple internal and external divisions. Oracle’s enterprise-grade support for the end-to-end order-to-cash process is unrivaled, as is its support for organizations at all stages of the revenue transformation journey.
Kartik Raghavan, SVP of Sales, CPQ and Subscription Cloud Development
Embrace revenue success with Oracle Subscription Management
Oracle Subscription Management is the most complete order-to-revenue solution, connecting your customer touchpoints with your ERP and other back-office systems to automate the subscription lifecycle.
Download the Ventana Research Buyers Guide 2024: Subscription Management to understand how Oracle’s suite of unified applications helps drive revenue-led growth.
Discover how to secure future business success and grow your top line in 2024.
To learn more about Oracle Subscription Management and how it enables leaders to drive revenue through recurring models, take the brief self-guided product tour.
