Manage recurring product and service revenue alongside the contract lifecycle.
Wholesale companies may offer recurring revenue models such as maintenance, leasing, supplies, licensing, servicing, equipment usage, or regular deliveries. Managing these models with a one-time order logic can lead to errors in renewals, price changes, and periodic billing.
Minerva Subscription & Billing manages products, services, prices, and billing plans from the start of a subscription to its renewal or expiration date. Fixed-rate, usage-based, or hybrid models are supported.
Subscription lifecycle
Subscription product, scope of service and customer relationship
Start, end, trial, renewal, and cancellation dates.
Monthly, quarterly, annual, or custom billing periods
Fixed, tiered, quantity-based, or usage-based fees
Mid-term commencement and proportional wage calculation
Price indexation and contract renewal terms
Plan changes, upgrades, downgrades, and suspensions.
Usage data collection, verification, and billing.
Revenue forecasting, renewal and loss analytics
Protect the financial impact of the changes.
Subscription changes should be applied to future periods without affecting past billing. The system should calculate the effective date of the change, its impact on the remaining period, and the adjustment amount if necessary.
Manage recurring revenue not with manual billing schedules, but with integrated subscription management that incorporates contract, usage, and renewal processes.