Maintain accurate billing for cancellations on future-dated assets, and for amendments on milestone-billing products and assets. Update billing cycle of new sale order or quote from higher to lower billing frequency.
- Align Billing with Cancellations on Future-Dated Orders and Quotes
Get accurate billing schedules for quotes and orders that are canceled before a scheduled future-dated order or quote starts. This enhancement is supported on termed and one-time products, and eliminates the need for manual reconciliation. - Support Milestone Plans for Amendments
Apply milestone plans to amended billing schedules. When you activate an amendment order with a negotiated milestone plan or milestone-enabled billing treatment, Billing links the milestone plan to the updated billing schedules and recalibrates the plan based on the amendment amount and date. - Change from Higher to Lower Billing Frequencies on New Sale Orders and Quotes
Your sales representatives can update the billing frequency on new sale orders and quotes, from longer pricing terms such as semi-annual or annual, to shorter billing cycles such as monthly or quarterly, and vice versa. When the order is activated, Billing automatically generates accurate billing schedules with appropriate billing period amounts based on the updated billing frequency.