REST APIs and events play a crucial role in SAP Subscription Billing, enabling seamless integration of different systems.

What Are REST APIs?
In the context of SAP Subscription Billing, a REST API refers to a type of structured Application Programming Interface that follows the principles of Representational State Transfer (REST). This API allows external applications to interact with and exchange data with the SAP Subscription Billing system using standard HTTP methods such as GET, POST, PUT, and DELETE.
The REST API in SAP Subscription Billing provides a standardized and flexible approach for integrating with the billing system, allowing developers to access subscription data, create or modify subscription plans, process payments, and perform other relevant operations.
What Are Events?
Events are used to trigger automated actions or workflows within the SAP Subscription Billing system in response to specific activities or occurrences, such as subscription renewals, plan changes, or payment processing. Events play a vital role in orchestrating the lifecycle of subscription billing, ensuring that the system reacts effectively to different customer activities and operational events.
What Are Bearer Tokens?

SAP Subscription Billing uses service keys to generate bearer tokens for authentication when accessing REST APIs. Bearer tokens are a standard method for securing API endpoints and ensuring that only authorized clients can access protected resources. When making requests to the SAP Subscription Billing REST API, clients typically include the bearer token in the authorization header of the HTTP request to authenticate their identity and access privileges.
Bearer tokens are obtained through the authentication process with an identity provider. Typically, SAP Subscription Billing supports integration with identity providers such as the Identity Authentication service or other identity providers. This is covered in more detail in the unit Using REST APIs in SAP Subscription Billing.