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

SAP Term: subscription product

• Component: CEC-SAL-SB

• Component Name: Subscription Management and Billing

• Description: A product that represents a subscription to digital goods or services.

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• Key Concepts: 
  A subscription product is a type of product offered by SAP that allows customers to purchase access to a service or product for a set period of time. The CEC-SAL-SB Subscription Management and Billing component is a part of the SAP Customer Experience Cloud Suite that enables customers to manage their subscription products. This component provides customers with the ability to create, manage, and bill for subscription products. 
  
  How to use it: 
  The CEC-SAL-SB Subscription Management and Billing component can be used to create subscription products, manage existing subscription products, and bill customers for their subscription products. Customers can use this component to set up recurring billing for their subscription products, as well as manage their subscription product inventory. 
  
  Tips & Tricks: 
  When setting up a subscription product, it is important to consider the customer’s needs and preferences. Customers should be able to easily understand the terms of the subscription product and be able to easily manage their subscriptions. Additionally, it is important to consider the billing cycle for the subscription product and ensure that customers are billed on time. 
  
  Related Information: 
  For more information about the CEC-SAL-SB Subscription Management and Billing component, please visit the SAP website at https://www.sap.com/products/customer-experience/subscription-management-and-billing.html. Additionally, you can find more information about other components of the SAP Customer Experience Cloud Suite at https://www.sap.com/products/customer-experience/overview.html.