Role : Oracle OSMC - Techno Functional Consultant
Location: Schaumburg IL Onsite Duration:: Contract Role
Need:
Onsite for Workshops, SIT, UAT, and Go-Live
Job Description:
In-depth understanding of core subscription management processes, including: Product Catalogs and Services, Pricing and Rating Models, Billing and Invoicing, Renewals and Cancellations, and Revenue Recognition
Strong knowledge of Order-to-Cash (O2C) processes and Oracle Fusion Cloud
Experience with related Oracle modules (OM, AR, RMCS, Install Base
Deep functional expertise in Oracle Subscription Management Cloud (OSMC).
Strong knowledge of Order-to-Cash (O2C) processes and Oracle Fusion Cloud.
Experience with related Oracle modules (OM, AR, RMCS, Install Base).
Ability to create functional design documents (FDDs) and test cases.
Excellent stakeholder management and communication skills.
Understanding of revenue recognition standards (ASC 606)
In-depth understanding of core subscription management processes, including:
Product Catalogs and Services
Pricing and Rating Models
Billing and Invoicing
Renewals and Cancellations
Revenue Recognition
Experience required:
Lead client workshops, gather requirements, and translate them into functional designs for subscription models (recurring, usage-based)
Configure Oracle Subscription Management Cloud, including product catalogs, pricing rules, billing schedules, proration, and discount logic
Manage end-to-end subscription lifecycle: creation, amendments, renewals, upgrades, downgrades, and cancellations
Ensure seamless integration with Order Management (OM), Receivables (AR), Revenue Management (RMCS), and external systems for a unified solution
Drive SIT/UAT, troubleshoot issues, provide post-go-live support, and conduct user training
Hands-on experience in the conversion of contracts to OSMC
Act as a Subject Matter Expert (SME), advising on subscription best practices, SaaS billing, and revenue recognition (ASC 606/IFRS 15)
Education: At least a bachelor s degree (or equivalent experience) in Computer Science, Software/Electronics Engineering, Information Systems, or a closely related field is required for the project
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