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

SAP Term: anniversary billing cycle

• Component: CEC-SAL-SB

• Component Name: Subscription Management and Billing

• Description: A billing cycle that is aligned with the subscription start date or another specified date.

Smart SAP Assistant

• Key Concepts: 
  Anniversary billing cycle 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 cycle is beneficial for customers who want to pay for their subscription services in one lump sum, rather than in monthly installments. 
  
  How to use it: 
  To use the anniversary billing cycle feature, customers must first select the “anniversary billing cycle” option when signing up for their subscription services. Once the customer has selected this option, they will be billed on a yearly basis for their subscription services. 
  
  Tips & Tricks: 
  It is important to note that customers who choose the anniversary billing cycle option will be billed for the entire year’s subscription services at once. Therefore, it is important to make sure that the customer has enough funds available to cover the full cost of the subscription services before selecting this option. 
  
  Related Information: 
  For more information about SAP CEC-SAL-SB Subscription Management and Billing, please visit the SAP website at https://www.sap.com/products/cec-sal-sb.html.