What is 'billing plan' in SAP CRM-BE - Billing?

billing plan - Overview

• Component: CRM-BE

• Component Name: Billing

• Description: A definition of individual dates for billing for a product or service. plans can be assigned to various business transactions on header and item level.

billing plan - Details

• 
  Key Concepts: 
  A billing plan is a component of the SAP CRM-BE (Business Execution) module. It is used to define the terms and conditions of a customer’s billing cycle, such as payment due dates, payment methods, and discounts. It also allows customers to set up recurring payments for services or products. 
  
  How to use it: 
  The billing plan component of SAP CRM-BE can be used to create and manage billing plans for customers. It allows users to define the terms and conditions of a customer’s billing cycle, such as payment due dates, payment methods, and discounts. It also allows customers to set up recurring payments for services or products. 
  
  Tips & Tricks: 
  When creating a billing plan, it is important to ensure that all of the terms and conditions are clearly defined and agreed upon by both parties. Additionally, it is important to ensure that all payment information is accurate and up-to-date. 
  
  Related Information: 
  For more information on the SAP CRM-BE Billing Plan component, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/CRM_BE/7.0/en-US