Odoo offers a subscription module designed to streamline recurring billing and subscriber management for businesses with subscription-based services or products.expand_more This allows you to focus on what matters most – growing your business and fostering strong customer relationships.
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Video Chapters
00:00 to 00:27 Introduction
00:27 to 2:33 Recurring Plan
02:33 to 3:36 Add Subscription Plan to a Subscription
03:36 to 4:43 Quotation Template
04:43 to 5:25 Add Temp in Subscription
Key Features of Subscription Plans:
Automated Workflows: Odoo automates tasks like contract creation, invoicing, payment processing, and tax handling. This reduces manual work and frees you up to focus on other areas.
Streamlined Sales Process: Generate quotations directly for customers with a secure URL. Subscription plans can be pre-defined to quickly populate quotations, saving you time. Customers don’t even need to create an account to browse and accept offers.
Effortless Customer Management: Provide your subscribers with a user-friendly portal where they can access all their subscription details, contracts, and invoices, and even update their information.
Flexible Recurrence Options: Define billing cycles for subscriptions, whether it’s weekly, monthly, annually, or any other custom timeframe.
Automatic Renewals (Optional): Set up automatic renewals to ensure uninterrupted service and predictable revenue. Alternatively, Odoo can generate automated invoices for manual renewal processes.
Clear Financial Overview: Gain insights into your subscription business with reports on key metrics like Monthly Recurring Revenue (MRR), Annual Recurring Revenue (ARR), customer retention rate, and churn rate.
Creating Subscription Plans:
Subscription plans are essentially quotation templates designed specifically for recurring products or services. You can configure them within the Odoo Subscriptions module. Here’s what you can define in a plan:
Plan Name: A clear and descriptive name for your subscription offering.
Quotation Details: Define the products or services included in the plan, along with their pricing and any relevant terms.
Recurrence: Specify the billing cycle for the subscription.
Optional End Date: Set an end date for the plan if it’s not intended to be ongoing.
Using Subscription Plans:
Once you’ve created subscription plans, you can leverage them in two ways:
Directly from Subscriptions: Create new quotations within the Subscriptions app and select a pre-defined plan to automatically populate the quotation with details like products, pricing, and recurrence. You can then customize it further if needed.
From Sales App: Generate quotations in the Sales app and choose a subscription plan from the “Quotation Template” field. This functions similarly to using a plan within Subscriptions.
Benefits of Subscription Plans in Odoo:
Increased Revenue Predictability: Recurring revenue provides a stable and predictable income stream for your business.
Improved Customer Relationships: Automated workflows ensure a smooth customer experience and timely service delivery, fostering stronger relationships.
Reduced Administrative Burden: Automation minimizes manual tasks, freeing up your team’s time to focus on strategic initiatives.
Enhanced Customer Self-Service: The customer portal empowers subscribers to manage their accounts and access information independently.
Data-Driven Decision Making: Subscription reports provide valuable insights to help you optimize your offerings and understand customer behaviour.
With Odoo’s subscription plans, you can manage your recurring business effectively, streamline operations, and focus on building long-term customer value.
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