What is summary billing document in SAP CRM-IM-IPM - Intellectual Property Management?

SAP Term: summary billing document

• Component: CRM-IM-IPM

• Component Name: Intellectual Property Management

• Description: A record of payment created on the contract level for license acquisition contracts with multiple payees. This document calculates the total royalties that will be split between the payees.

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• Key Concepts: 
  A summary billing document is a type of invoice used in SAP CRM-IM-IPM Intellectual Property Management. It is used to summarize multiple invoices into one document, making it easier to track and manage payments. The summary billing document contains all the information from the individual invoices, including the customer name, invoice number, and total amount due. 
  
  How to use it: 
  To create a summary billing document in SAP CRM-IM-IPM Intellectual Property Management, first select the invoices you want to include in the document. Then, click the “Create Summary Billing Document” button. This will generate a new document with all the information from the individual invoices combined into one. Finally, click “Save” to save the document. 
  
  Tips & Tricks: 
  When creating a summary billing document, make sure to double-check that all the information is correct before saving it. This will help ensure that payments are processed correctly and on time. Additionally, it’s a good idea to keep a copy of the summary billing document for your records. 
  
  Related Information: 
  For more information on summary billing documents in SAP CRM-IM-IPM Intellectual Property Management, please refer to the official SAP documentation. Additionally, you can contact your SAP support team for further assistance.