Reference: Revenue Management Capabilities

You can view high-level feature descriptions for the capabilities in this product area.

Billing

Provides the ability to:

Support billing schedules and templates.

Define billing milestones.

Create consolidated billing schedules.

Define flexible billing terms.

Provides the ability to create and manage customer contracts. The functionality:

Provides the ability to create customer contracts through predefined templates.

Supports multiple currencies in customer contracts.

Provides the ability to apply discounts or premiums.

Provides the ability to capture renewal terms on customer contract lines.

Provides the ability to update and submit customer contracts and customer contract amendments.

Supports multi-level account hierarchy on customer contracts.

Generates installments for deferred cost transactions.

Provides the ability to generate and recognize revenue before or after billing. The functionality supports:

Creating revenue schedules from customer contracts, customer invoices, and revenue schedule templates.

Creating revenue schedules covering multiple periods.

Regeneration of revenue recognition installments.

Creating customer contract usage-based subscriptions.

Provides the ability to create alternate customer contracts and revenue allocation rules. The functionality supports:

Accounting for revenue allocation on customer contracts.

Adjustments in multiple currencies.

Creation of sales item price lists and bundles.

Reconciliation for deferred revenue on customer contract lines, and the adjustment of credit and debit balances in contract ledger accounts.

The ability to relate multiple customer contracts to a single master contract.

Creation of deferred cost journals.

The ability to automate revenue installment creation through cumulative catch-up revenue installments.

Provides the ability to:

Manage minimum commitments, prepaid and accrued usage.

Utilize per-unit tiered or volume pricing per transaction or period.

Record customer transaction usage and apply contractual pricing terms.