SOURCE: Oracle Corporation

Oracle Corporation

September 24, 2013 11:16 ET

Oracle Billing and Revenue Management Cloud Service Announced

New Cloud Service Helps Enterprises Deliver and Monetize Innovative New Product Offerings and Capture Recurring Revenue Streams

SAN FRANCISCO, CA--(Marketwired - Sep 24, 2013) - ORACLE OPENWORLD - Oracle (NYSE: ORCL)

News Summary
Oracle unveiled Oracle Billing and Revenue Management Cloud Service to provide enterprises with a robust and highly scalable billing solution to capture recurring revenues from new digital services. This advanced cloud billing service is suited for multiple industries including financial services, media, and communications; and offers sophisticated subscription management and rating using any combination of measurable metrics including usage, time of day, length of use, delivery method, device, medium, volume, etc.

News Facts

  • Building on the hundreds of customer deployments of its billing application across multiple industries, Oracle today unveiled Oracle Billing and Revenue Management Cloud Service to support the evolving digital goods and services market. The Cloud service enables enterprises -- from financial services and high tech organizations to media and entertainment providers -- that are offering digital services to rapidly deploy a comprehensive revenue management system with predictable monthly operational costs and minimal capital expenses.
  • As businesses transition from physical to digital goods to meet changing customer expectations, reduce cost of goods sold, and simplify product delivery, they need sophisticated billing capabilities to manage and monetize increasingly complex service and subscription bundles.
  • Oracle Billing and Revenue Management Cloud Service runs on the Oracle Cloud, which provides the premier product, support and services enterprises need to transition to the cloud, while delivering the demanding security, compliance and operational requirements of the digital goods companies.
  • Oracle owns, manages and certifies the underlying technology for Oracle Cloud, providing customers with the extreme performance, scalability, availability and security needed to run a mission-critical billing solution.

Cloud Service Details

  • Oracle Billing and Revenue Management Cloud Service:
    • Facilitates rapid creation and validation of new products, bundles and offers, helping to make it fast, simple and low-cost to define new products and make post-launch adjustments
    • Offers robust functionality to support globalization of digital commerce across new and existing lines of business
    • Provides rich and comprehensive support for billing and invoicing functions, including trial offers, rebilling, bill corrections and flexible bill cycles, across multiple metrics, such as volume, time, transactions, events and downloads
    • Streamlines tax computation -- with simple internal tax support or easy integration with third-party tools -- and financial reporting in accordance with generally accepted accounting principles (GAAP)
    • Supports quick, low-risk adoption of new digital commerce initiatives by outsourcing billing and financial management functions to an expert vendor with an effective operating model and robust functionality
    • Virtually eliminates in-house maintenance and upgrade costs with predictable, automatic upgrades that maintain customizations

Supporting Quotes

  • "We are excited to leverage our experience in high-volume and complex billing to offer our customers the flexibility of a cloud billing service with the reliability and security of an Oracle technology environment. With this solution, customers across a wide range of transaction-heavy industries can quickly and easily innovate and monetize new and sophisticated product offerings and service bundles to help maintain a competitive edge, while also streamlining financial management," said Bhaskar Gorti, senior vice president and general manager, Oracle Communications.

Supporting Resources 

About Oracle OpenWorld
Oracle OpenWorld San Francisco is the most important educational and networking event of the year for Oracle technologists, customers, and partners. This information technology event is dedicated to helping businesses optimize existing systems and understand upcoming technology breakthroughs. The conference, which is expected to draw more than 60,000 attendees from over 145 countries, offers more than 2,500 educational sessions, 400 product demos, exhibitions from 500 partners and customers showcasing applications, middleware, database, server and storage systems, industries, management and infrastructure -- all engineered for innovation. Oracle OpenWorld 2013 is being held September 22-26 at The Moscone Center in San Francisco. For more information, to register, or to watch Oracle OpenWorld keynotes, sessions and more live, please visit Join the Oracle OpenWorld discussion on Twitter, Facebook and the Oracle OpenWorld Blog.

About Oracle Cloud Solutions
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About Oracle
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