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.
Subscription Management
$ 37.95
$ 37.95
v
17.0
0
| Technical name | subscription_management |
| License | LGPL-3 |
| Website | https://store.webkul.com/Odoo-Subscription-Management.html |
| Extensions | Website Subscription Management |
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.
Information
User Guide
https://webkul.com/blog/odoo-subscription-management/
Recurring Revenue to avoid the Market Risk
Does Market fluctuations affect your business revenue?
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 customer’s 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!
Save your time and resources as now you don't need to do tedious work from the backend to add subscription plans for your customers. Odoo Website Subscription Management allows your customers to buy and manage subscription plans from the Odoo website.
Subscription Plans
Create a Subscription Plan
Subscription Plan with Trial Period and Billing Cycles
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.
Configuration
How we configure setting for Subscription:
- First of all click on to 'Sale' menu.
- Go to the setting of sale in Configuration menu.
- Set the default Payment Method and,
- Enable the CheckBox if you want to create the invoice in 'Paid' state.
Help and Support
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