How to Configure Recurring Revenue in Odoo 18 CRM | Odoo 18 New Features | Odoo 18 CRM Tutorials
3Recurring revenue in Odoo 18 CRM is a powerful tool that enables businesses to manage and track recurring income streams effectively. It streamlines the process of generating invoices for services or products that are billed on a regular basis, such as subscriptions, memberships, or maintenance contracts.
Key Features and Benefits:
Recurring Plans: Define recurring plans with customisable intervals (e.g., monthly, quarterly, annually) and pricing structures.
Automated Invoice Generation: Automatically generate invoices based on the defined recurring plans, ensuring timely billing and reducing manual effort.
Flexible Pricing: Offer various pricing options, such as tiered pricing, discounts, or usage-based billing, to cater to different customer needs.
Customer Portal: Empower customers to view their invoices, payment history, and manage their subscriptions through a self-service portal.
Integration with Accounting: seamlessly integrate with Odoo's accounting module to track revenue, manage payments, and reconcile transactions accurately.
Reporting and Analytics: Gain insights into recurring revenue trends, customer churn, and other key metrics to optimise your business strategy.
How to Set Up Recurring Revenue in Odoo 18 CRM:
Install the Subscriptions App: If you haven't already, install the Subscriptions app from the Odoo Apps store.
Configure Recurring Plans: Create recurring plans by specifying the plan name, interval, pricing, and any applicable discounts or taxes.
Create Opportunities or Sales Orders: When creating opportunities or sales orders, associate them with the relevant recurring plan.
Generate Invoices: Odoo will automatically generate invoices based on the defined recurring plans and send them to customers at the specified intervals.
Manage Subscriptions: Track subscription status, handle renewals, and make changes to customer plans as needed.
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