What is subscription in SAP CEC-SAL-SB - Subscription Management and Billing?

SAP Term: subscription

• Component: CEC-SAL-SB

• Component Name: Subscription Management and Billing

• Description: A legally binding agreement between a market reflecting a sales organization and a customer that entitles the customer to access specific products and services for a certain period of time. Each subscription is associated with a single market.

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• Key Concepts: 
  Subscription is a type of service agreement that allows customers to access and use SAP software for a certain period of time. Subscription agreements are typically offered on a monthly or annual basis and can be tailored to meet the customer’s specific needs. The CEC-SAL-SB Subscription Management and Billing component is an SAP solution that helps customers manage their subscription agreements, including setting up payment plans, tracking usage, and managing billing. 
  
  How to Use It: 
  The CEC-SAL-SB Subscription Management and Billing component can be used to set up subscription agreements for customers. It allows customers to select the type of subscription they want, the duration of the agreement, and the payment plan. The component also provides customers with detailed usage reports so they can track their usage of the software. Finally, it helps customers manage their billing by providing automated invoicing and payment processing. 
  
  Tips & Tricks: 
  When setting up a subscription agreement, it is important to make sure that all of the details are clearly outlined in the agreement. This includes the duration of the agreement, the payment plan, and any additional fees or charges that may apply. Additionally, it is important to keep track of usage so that customers are not charged for services they are not using. 
  
  Related Information: 
  The CEC-SAL-SB Subscription Management and Billing component is part of SAP’s Cloud Enterprise Suite (CES). Other components in this suite include SAP Cloud Platform (SCP), SAP Business Suite (BS), and SAP HANA (HANA). Additionally, there are other subscription management solutions available from other vendors such as Oracle and Microsoft.