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Reference: Revenue Management Capabilities
You can view high-level feature descriptions for the capabilities in this product area.
Billing
Supports multiple billing and schedule types and provides the ability to withhold a portion of customer invoices.
Customer Contract Management
Provides the ability to create and manage customer contracts. The functionality:
- Generates installments for deferred cost transactions.
- Provides the ability to create customer contracts through predefined templates.
- Supports multiple currencies in customer contracts.
Revenue Recognition
Provides the ability to generate and recognize revenue before or after billing. The functionality supports:
- Creating revenue schedules from customer invoices and revenue schedule templates.
- Regeneration of revenue recognition installments.
Revenue Recognition - Advanced
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.
Usage Billing
Provides the ability to:
- Manage minimum commitments, tiered pricing, and volume pricing.
- Record customer transaction usage and apply contractual pricing terms.