Subscription Management

Name: Subscription Management
SKU: 34627
Availability: InStock

$25.00

Subscription Management: Subscription Management in Odoo facilitates the creation of subscription-based products in the Odoo.

Category: Sales Tags: management, subscription

Description

Subscription Management

Odoo Subscription Management allows Odoo users to create subscriptions as a product and sell it to the customers on the basis of plans. The recurrent frequency can be set for the subscribers as per the requirement along with the number of bill cycles for the subscriber.

Recurring Revenue to avoid the Market Risk

Does Market fluctuations affect your business revenue?How great it is to have recurring revenue so that you can avoid market risk? Subscription Management allows you to get recurring revenue in your business. The model can turn to be a huge source of revenue for a business. The subscription model has become a popular choice for the business because of its cost-effectiveness along with the ease for the customers.

Benefits to add Subscription Model to your business

Recurring, Accumulative & Stable revenue: With the help of the Subscription model, you can access collective data of your customers which will help you to plan your business according to the trend.

Forecast the revenue: It also helps you to forecast the revenue structure of your products/services as you have all the information about the subscribed customers.

Ease of Marketing: In the Subscription model, you have your customerâs contact information. Hence, you can retain your customers which is easier than obtaining a new one.

Loyal customer base: Subscription Model helps in making long term relationships with clients which create a Loyal Customer Base.

Efficient Way to Manage Subscriptions in Odoo

Odoo Subscription Management module lets you handle subscription-based services in the Odoo. The user can create subscription plans in the Odoo backend. These plans can then be rolled out to customers on a weekly, monthly and yearly basis.

The recurrent frequency can be set for the subscribers as per the requirement along with the number of bill cycles for the subscribers. Alternatively, the Odoo user can create a sales order with a subscription-based product in it. This would automatically start the subscription plan for the respective customer.

Features

Create subscription-based products in the Odoo.
The Odoo user can create subscription plans and add the appropriate subscription product to it.
Different subscription products can be created and assigned to suitable subscription plans.
The Odoo user can roll out and manage subscription plans using Odoo.
The recurrent frequency can be set for the subscribers as per the requirement along with the number of bill cycles for the subscriber.
Alternatively, the Odoo user can create a sales order with a subscription-based product in it. This would automatically start the subscription plan for the respective customer.
The invoice cannot be created for a subscription plan which is in the trial period. The Odoo user can choose to generate unpaid or paid invoices for the subscriber in the Odoo
A subscription type product is by default serviceable product.

Now, let your customers manage their subscription plans for themselves in Odoo Website!

About Subscription Plan with Trial Period:

First of all, You will create a Subscription Plan.
Go to Configuration menu of sale order and have Subscription Information. Click on Subscription plan menu.
Here we have a CheckBox name ‘Is plan has trial period’, if we Enable the Checkbox, two new fields are introduced and they are required, which define the trial Duration

About Number of Billing Cycle:

In Subscription Plan we have a CheckBox named ‘Never Expire’, if we un-tick the Checkbox, then this plan will expire after a certain period of time interval.
In that case, we need to give the ‘Number of Billing Cycle’, and billing cycle define that when the subscription expires.

Subscription Plan with Start Immediately and Never Expire

About Start Immediately:

In subscription plan, we have a CheckBox named ‘Start Immediately’, if we Enable the Checkbox, then this plan does not have any Trial period. Its, billing start immediately.

About Never Expire:

In Subscription Plan we have a CheckBox named ‘Never Expire’, if we un-tick the Checkbox, then this plan will expire after a certain period of time interval.
We didn’t need to give the ‘Number of Billing Cycle’.
O or any -ve value in ‘Number of Billing Cycle’ also means Never Expire.

Create Subscription Type Product

How we create Subscription Type Product:

First of all, You will create a Product.
Here we have a CheckBox named ‘Is Subscription Type’, if we Enable the Checkbox, then the product is subscription type product.
Now we choose a Subscription plan for the period,so select the Subscription Plan.

Subscription Source (Type of Source)

Manual
Sale Order

Manual

Create Subscription Manually:

To create a Subscription with source ‘Manual’, we need to Subscription from Back-end on the click of Create button.

Sale Order

Create Subscription with Sale Order:

To create a Subscription with source ‘Sale Order’, Create a Quotation of Sale Order with at least one subscription type product in the order line.

When we click on the ‘Confirm’ button on the ‘Sale Quotation’ then, automatically a subscription is created in ‘In-progress’ state.

Invoice

How we Generate Subscription Invoice :

Click on the Generate Invoice link in Subscription.

If the Subscription is in the Trial period then,invoice can’t generate until the Trial period ends.

If you cancel the Subscription then all the invoices are paid, other Subscription can’t be canceled or close.
If the configuration setting enables the invoice is created in the paid state.