Oracle Subscription Billing & ORMCS
Enterprise-grade revenue management and billing solutions
ORMCS - Oracle Revenue Management Cloud Services
Oracle Revenue Management Cloud Services offers a comprehensive solution for automating and controlling revenue recognition processes, ensuring compliance with standards like ASC 606 and IFRS 15. It streamlines the entire revenue lifecycle, from contract creation and performance obligation identification to billing and revenue recognition, providing real-time visibility and accurate financial reporting.
Key Features/Processes Enabled
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Streamlined Rev Rec process in line with ASC 606 standards.
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Enabled Performance Obligation Management.
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Enabled tools to determine and allocate transaction prices
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Configured automation of recognition of revenue based on performance obligation fulfillment.
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Configured flexible billing options, including real-time, batch, and scheduled invoicing.
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Enabled automated transaction uploads.
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Enabled dynamic analytics capabilities for insights and reporting.
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Configured integration with Oracle and non-Oracle solutions.
Accomplishments
Implemented ORMCS for a leading customer that operates within the property and casualty (P&C) insurance software industry and provides a platform of software solutions for P&C insurance carriers.
Client Success
- Streamlined revenue recognition processes
- Improved compliance with accounting standards
- Enhanced financial reporting capabilities
Implementation Highlights
- Seamless integration with existing systems
- Customized solution for insurance industry needs
- Comprehensive training and knowledge transfer
Ready to Implement Oracle ORMCS?
Our team of experts is ready to help you implement, support, and optimize Oracle ORMCS for your business. Contact us today to learn more about our Oracle solutions.
