SAP Billing and Revenue Innovation Management (BRIM) Training Course developed by Multisoft Virtual Academy imparts knowledge on all aspects of SAP BRIM, where participants will learn how to develop understanding of BRIM Processes; understand the fundamentals of BRIM; get acquainted with the Billing and Revenue Innovation Management Solution Components and run BRIM Process with Provider Order, Credit Note, Rate Usage, and Run Dunning.
This blog will help you get clear understanding of SAP BRIM.
Introduction of SAP BRIM – SAP Billing and Revenue Innovation Management (BRIM) Training Course
Previously known as SAP Hybris Billing, SAP BRIM (Billing and Revenue Innovation Management) is an all-inclusive solution for high-volume consumption businesses. SAP BRIM enables various flexible consumption models. It is a modular solution designed to optimize the business lifecycle processes of design, sales, delivery, and billing.
4 phases in lifecycle of the SAP BRIM solution – SAP Billing and Revenue Innovation Management (BRIM) Training Course
First Phase – This phase begins with 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.
Second Phase – The second phase start with solution sales, where companies define how they will sell their products with the assistance of the contract management and/or quote management functionalities offered by SAP BRIM.
Third phase – This phase is about 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.
Fourth Phase – This is the final phase called 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.
Want to learn more about SAP BRIM? Enrol for Multisoft Virtual Academy. Here’s why:
Why choose Multisoft Virtual Academy for SAP Billing and Revenue Innovation Management (BRIM) Training Course?
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 Billing and Revenue Innovation Management (BRIM) 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 training support.
The courses are delivered in live instructor led, one-on-one and corporate training sessions, where after successful completion of the SAP Billing and Revenue Innovation Management (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 in the career ladder without delay.
SAP Billing and Revenue Innovation Management (BRIM) Training Course is ideal for Team Leads; Application Consultants; Business Process Owners; Power Users; Program Managers; Project Managers and Solution Architects. This course offers in-depth knowledge on all the aspects of SAP BRIM, allowing participants develop skills and knowledge to advance in career.