Oracle Arms Organizations with a Better Way to Build Subscription Business Models
Oracle Arms Organizations with a Better Way to Build Subscription Business Models Innovative end-to-end subscription management solution enables organizations across industries to create new revenue streams |
[22-October-2018] |
SAN FRANCISCO, Oct. 22, 2018 /PRNewswire/ -- Oracle OpenWorld -- To enable businesses in any industry to adapt to changing buyer behavior and embrace subscription business models, Oracle today announced Oracle Subscription Management. By integrating front and back office business processes on one platform, Oracle Subscription Management allows organizations to build predictable, recurring revenue models by providing an end-to-end subscription solution that manages billing and revenue recognition and also informs customer-facing personnel with a complete view of purchasing behavior.
"With technology now woven into every facet of society, it has not just changed our expectations, but re-wired our brains and altered our values," said Rondy Ng, SVP Application Development, Oracle. "Today's consumers value freedom, choice, convenience and flexibility over permanence, stability and certainty. This shifting value set is fundamentally changing buying behavior across industries. To help our customers successfully navigate these changes, we are introducing an end-to-end subscription management solution that builds on our strength in ERP and customer experience management. This uniquely positions Oracle to support hybrid product and subscription business models on the same platform." Flexibility, choice and immediacy are now table stakes for both business and consumer buyers. As a result, the very notion of ownership is being questioned. This is forcing organizations across industries to rethink established business models to accommodate changing buyer behavior and new consumption models. To help organizations embrace these changes and meet shifting buyer demands, Oracle Subscription Management supports end-to-end subscription experiences that span sales, service, fulfillment, invoicing, revenue recognition, customer success, satisfaction and renewals. With the addition of Oracle Subscription Management, Oracle enables organizations to operate hybrid product and service/subscription business models on the same platform. This allows organizations in all industries to embrace new consumption models to generate additional revenue from goods and services. The innovative new subscription management solution enables organizations to:
With the industry's broadest, deepest and fastest growing suite of applications, which includes the world's #1 ERP cloud platform and a complete suite of customer experience applications, Oracle is uniquely positioned to help organizations embrace subscription business models by supporting end-to-end business processes from order to cash. About Oracle About Oracle OpenWorld Safe Harbor Disclaimer Statements in this article relating to Oracle's future plans, expectations, beliefs, and intentions are "forward-looking statements" and are subject to material risks and uncertainties. Such statements are based on Oracle's current expectations and assumptions, some of which are beyond Oracle's control. All information in this article is current as of October 22, 2018 and Oracle undertakes no duty to update any statement in light of new information or future events. Trademarks
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