REDWOOD SHORES, Calif., July 26,
2017 /PRNewswire/ -- Empowering innovative businesses
to launch competitive pricing models in the era of digital
commerce, Oracle today announced Oracle Monetization Cloud. The new
cloud service accelerates time to market for digital and
subscription-based products and services by enabling the full life
cycle of customer on-boarding, offer creation, robust rating and
discounting, billing, customized invoicing and reporting.
Enterprises are increasingly focused on generating recurring
revenues and developing lasting customer relationships by extending
from one-time purchases to recurring business models. Agile billing
capabilities are required to help digital service providers
monetize new offerings and differentiate their services in
competitive markets. Oracle Monetization Cloud combines the power
of scalable monetization capabilities with the simplicity, agility,
and security of Oracle Cloud to accelerate time to market for
digital services.
"Subscriptions, demand-based price models, pay-per-use, and
increasingly complex agreements with a litany of unique
entitlements are now the norm," said Andrew
Dailey, Managing Director of MGI Research.
Across industries and in scenarios ranging from cloud hosting to
digital media to the Internet of Things, enterprises and digital
service providers are looking to quickly launch new business models
to compete in the digital economy. Whether these digital service
providers are monetizing connected cars, using sensors to aggregate
and monetize data, or transitioning to offering their software as a
service, they are undergoing a digital transformation that requires
flexible new pricing, billing, revenue management, and real-time
subscriber management capabilities.
"In today's competitive business environment, customers are
demanding the power to purchase the products and services that they
want, when they want them, at a price point that they can afford,"
said Doug Suriano, senior vice
president and general manager for Oracle Communications. "Oracle
Monetization Cloud enables digital service providers to quickly
launch innovative offerings and deliver a positive customer
experience while reducing revenue leakage and improving financial
reporting and compliance."
With Oracle Monetization Cloud users benefit from:
- Full life-cycle capabilities: The service supports the
full life-cycle of subscription services, from on-boarding
subscribers, to rapidly launching and modifying innovative
offerings, to leveraging flexible rating, discounting and billing
capabilities, to customizing invoices, to analyzing business
performance through robust reporting. These functions are available
through intuitive web-based user interfaces so customers can
quickly deploy and modify their offerings to meet market
demand.
- Easy integration: Newly developed out-of-the-box
connectors and standard web-based SOAP and REST APIs enable
customers to integrate easily with front-office and back-office
systems, including Oracle, Chase Paymentech and other third party
CRM, e-commerce, ERP systems and payment and tax gateways. These
simplified integration options speed deployment of the cloud
service and thereby accelerate time to market, providing customers
with the convenience of continuing to use their existing
solutions.
- Risk and cost reduction: Full compliance and
certification with Payment Card Industry (PCI) and Generally
Accepted Accounting Principles (GAAP) as well as support for fully
compliant re-invoicing and recognition of seven types of revenue
allow customers to reduce risk, combat revenue leakage and ensure
audit compliance.
- Full suite of monetization capabilities: The
monetization solution is part of a full platform that spans the
customer journey from engaging on social channels to tracking a
sales lead to creating and offering innovative services to
on-boarding subscribers to rating and billing to revenue
recognition and compliance. Oracle is unique in offering an
end-to-end suite of best-in-breed cloud services that work together
in monetizing the entire journey.
About Oracle
The Oracle Cloud offers complete SaaS application suites for
ERP, HCM and CX, plus best-in-class database Platform as a Service
(PaaS) and Infrastructure as a Service (IaaS) from data
centers throughout the Americas, Europe and Asia. For more information about Oracle
(NYSE:ORCL), please visit us at oracle.com.
Trademarks
Oracle and Java are registered trademarks of Oracle and/or its
affiliates. Other names may be trademarks of their respective
owners.
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SOURCE Oracle