Contract Settlement/Contract Billing

Purpose

This component is used to perform interim and final settlement for a contract and then bill the settlements created.

Integration

It concludes the contract management process and facilitates integration with Accounting.

Features

Contract settlement

During contract settlement, the system adjusts contract conditions that have been granted in the order and calculates contract conditions that are granted once the validity period is over.

Function

Use

Create an interim settlement

Create a settlement during the contract validity period.

Create a final settlement

Create a settlement at the end of the validity period.

Settlement process flow

Define whether you can view and edit the settlement before the database update or whether settlements are created automatically in a collective processing run.

Cancellation

Cancel existing settlements.

Settlement of media-mix contracts

Perform settlement for media-mix contract using standard contract functions.

Contract billing

During contract billing, the system copies data from the contract settlement into a billing document and creates the credit or debit memo.

Billing process flow

Define whether you can view and edit billing documents before the database update or whether documents are created automatically.

You can perform contract settlement and billing in one session.

Periodic billing

Schedule billing in periods

Cancellation

Cancel existing billing documents.

Transfer to Accounting

Transfer billing documents to Accounting automatically after billing or release documents explicitly for transfer.

Invoice printing

Copy all data or a selection of data in the billing document into an invoice form and select this for printing.

Receivables charge-off

Charge off unrecoverable receivables partially or completely.