What is subscription in SAP IS-CC - SAP Convergent Charging?

SAP Term: subscription

• Component: IS-CC

• Component Name: SAP Convergent Charging

• Description: Convergent Charging An offer which is part of an agreement and which is subscribed to by customers.

Smart SAP Assistant

• Key Concepts: 
  Subscription is a type of pricing model in SAP Convergent Charging (IS-CC) that allows customers to pay for services on a recurring basis. Subscriptions are typically used for services that are consumed over a period of time, such as streaming services, software-as-a-service (SaaS), and other digital services. 
  
  How to use it: 
  In SAP Convergent Charging, subscription pricing models are used to define the terms of a customer’s agreement with the service provider. This includes the duration of the subscription, the frequency of payments, and any discounts or incentives that may be offered. The subscription model also allows customers to easily manage their accounts and make changes to their subscriptions as needed. 
  
  Tips & Tricks: 
  When setting up a subscription model in SAP Convergent Charging, it is important to consider the customer’s needs and preferences. This includes offering flexible payment options, such as monthly or annual payments, as well as discounts or incentives for long-term customers. Additionally, it is important to ensure that the terms of the subscription are clearly communicated to the customer so that they understand what they are signing up for. 
  
  Related Information: 
  Subscription models are just one type of pricing model available in SAP Convergent Charging. Other pricing models include usage-based pricing, tiered pricing, and flat rate pricing. Additionally, SAP Convergent Charging also offers features such as billing automation and customer self-service portals that can help streamline the billing process.