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

collective billing - Overview

• Component: CRM-BE

• Component Name: Billing

• Description: A billing process in which as many transaction items as possible are grouped into a billing document. These items can originate from different transactions.

collective billing - Details

• 
  Key Concepts: 
  Collective billing is a feature of the CRM-BE Billing component of SAP software. It allows multiple customers to be billed together in one invoice, making it easier to manage billing for multiple customers. This feature is especially useful for businesses that have multiple customers with similar billing requirements. 
  
  How to use it: 
  To use collective billing, you must first set up the collective billing process in the CRM-BE Billing component. This includes setting up the collective billing master data, such as customer groups and payment terms. Once this is done, you can create collective invoices for multiple customers at once. 
  
  Tips & Tricks: 
  When setting up collective billing, it is important to ensure that all customers in the collective invoice have the same payment terms and currency. This will make it easier to manage the collective invoice and ensure that all customers are billed correctly. 
  
  Related Information: 
  For more information on collective billing in SAP software, please refer to the official SAP documentation on the topic.