Plan Your Billing

Create legal entities, billing policies, payment terms, and billing profiles to match your business structure and customer billing preferences.

• Create Legal Entities in Revenue Management
  Create legal entities to manage the billing and tax information for order products.
• Define Billing Policies and Billability Rules
  Define billing policies, treatments, and treatment items to generate invoices that suit your sales models. Specify product billability rule criteria to define whether you want to bill your products in advance or in arrears, whether specific products are billed, and other conditions.
• Create Payment Terms
  Negotiate and define payment terms to set a due date for payments and collect payments in a timely manner. You can anticipate or enforce the date by when payments for outstanding invoices must be paid.
• Create Billing Profiles
  Cater to your customers' billing preferences and business needs by creating billing profiles for their accounts. Define multiple billing profiles for an account to manage diverse billing needs, each with its own billing details, payment terms, and contacts. Set a default billing profile for accounts to easily access your customers' preferred billing day of the month, billing address, billing contact, and other details. With billing profiles, sales representatives no longer need to enter this information for each transaction, saving time and effort.