What is waiver period in SAP CEC-SAL-SB - Subscription Management and Billing?

SAP Term: waiver period

• Component: CEC-SAL-SB

• Component Name: Subscription Management and Billing

• Description: A number of billing cycles for which recurring charges are waived after the start of the subscription.

Smart SAP Assistant

• Key Concepts: 
  A waiver period is a feature of SAP CEC-SAL-SB Subscription Management and Billing that allows customers to delay payment for a certain period of time. This period is usually set by the customer and can range from a few days to several months. During this time, the customer does not have to make any payments and can continue to use the services provided by SAP. 
  
  How to Use It: 
  To use the waiver period feature, customers must first contact their SAP representative and request a waiver period. The representative will then review the customer’s request and determine if it is feasible. If approved, the customer will be given a specific amount of time in which they can delay payment without any penalty or interest charges. 
  
  Tips & Tricks: 
  It is important to note that the waiver period does not extend the length of the subscription. Customers must still pay for the full duration of their subscription once the waiver period has ended. Additionally, customers should be aware that any payments made during the waiver period will not be refunded if they decide to cancel their subscription before it ends. 
  
  Related Information: 
  For more information about SAP CEC-SAL-SB Subscription Management and Billing, please visit SAP’s website or contact your local SAP representative. Additionally, customers can find helpful tutorials and FAQs on SAP’s website that can help them better understand how to use this feature.