What is anniversary billing in SAP CEC-SAL-SB - Subscription Management and Billing?

SAP Term: anniversary billing

• Component: CEC-SAL-SB

• Component Name: Subscription Management and Billing

• Description: The process of billing on the billing cycle reference date in each billing cycle. With anniversary billing, the billing date is either the subscription start date or another specified date.

Smart SAP Assistant

• Key Concepts: 
  Anniversary billing is a feature of SAP CEC-SAL-SB Subscription Management and Billing that allows customers to pay for their subscription services on a yearly basis. This type of billing is beneficial for customers who want to pay for their services in one lump sum, rather than in monthly installments. 
  
  How to use it: 
  To use anniversary billing, customers must first sign up for a subscription service with SAP CEC-SAL-SB Subscription Management and Billing. Once the subscription is active, customers can choose to pay for their services on an annual basis. Customers can then select the “anniversary billing” option when making their payment. 
  
  Tips & Tricks: 
  When using anniversary billing, customers should be aware that they will be charged the full amount of their subscription service upfront. This means that customers should make sure they have enough funds available to cover the cost of their subscription service before selecting the “anniversary billing” option. 
  
  Related Information: 
  For more information about SAP CEC-SAL-SB Subscription Management and Billing, please visit the official SAP website at https://www.sap.com/products/cec-sal-sb.html.