Purchase Subscription Application
New application to extend subscription function to purchasing
STORY BEHIND THE FEATURES
ODOO BEHAVIOR
Odoo Sales Subscriptions is useful for recurring businesses: sell new contracts, upsell customers, keep the churn under control, and generate reports on the main KPIs: MRR, ARR, retention, churn, etc.
CLUEDOO BEHAVIOR
Cluedoo adds a new application to extend subscription function to purchasing.
Cluedoo's Purchase Subscription application runs in the same way as Sales Subscription.
MODULE +
An easy way to manage vendor subscriptions.
- Create subscription such as rent, phone bill and internet subscription and all other regular payments that needs recurrent provider's invoices.
- Define frequency of invoices and the duration of the subscription.
- Save time in encoding of supplier invoices but also to give an overview of future expenses in order to avoid late payments.
CLUEDOO RECOMMENDATIONS
To be installed in 100% of your database as it is an useful tool to manage vendor subscription.
HOW TO USE THIS MODULE?
CREATE SUBSCRIPTION PRODUCT TO PURCHASE
1. From homepage, open Purchase Subscription module.
2. On Purchase Subscription tab, go to Products.
3. Click "New" to create a new product.
4. Tick "Can be Purchased" and "Recurring Bill" checkbox. Set up invoicing policy for product.
5. Save.
CREATE PURCHASE SUBSCRIPTION
1. On Purchase Subscription master data, click "New" to create a new purchase order
2. Add subscription product to order line and specify recurrence of subscription (frequency and duration).
Note: User can configure frequency by go to Configuration/Recurrence periods).
3. Receive product and create bill.
4. After a vendor bill is issued, date of the next vendor bill will be updated on purchase order.
On the next billing date, a draft vendor bill will be auto-generated to remind user of due amount.
UPSELL AND RENEW SUBSCRIPTION
1. User can upsell/renew subscription and clicking "Upsell" and "Renew" button on Purchase Order.
Note: User can add both recurring products and non-recurring products to order line. However, only recurring products will get transferred to Upsell/Renewal Purchase Subscription.
2. Click "Purchase" smart button to view upsell/renew purchase orders linked to the original order.
CLOSE SUBSCRIPTION
1. On purchase order, click "Close" button to close subscription
2. On pop-up wizard, select reason and submit.
Purchase order will be tagged as "Closed".
MONTHLY RECURRING EXPENSE (MRE)
On purchase order, click "MRE" to view monthly recurring expense linked to the subscription.
