What is postpaid contract in SAP CRM-ITT-ETC - Electronic Toll Collection?

SAP Term: postpaid contract

• Component: CRM-ITT-ETC

• Component Name: Electronic Toll Collection

• Description: A contract between a service supplier and a customer that requires payment after use of services. The customer receives a periodical invoice, notifying them when payment for the services is due.

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• Key Concepts: 
  A postpaid contract is a type of contract used in SAP's CRM-ITT-ETC Electronic Toll Collection component. It is a contract between a customer and a service provider, where the customer agrees to pay for services after they have been provided. The customer is billed for the services after they have been used. 
  
  How to use it: 
  In SAP's CRM-ITT-ETC Electronic Toll Collection component, postpaid contracts are used to manage customer billing. The customer agrees to pay for services after they have been provided, and the service provider bills the customer for the services after they have been used. The postpaid contract also includes details such as payment terms, discounts, and other conditions. 
  
  Tips & Tricks: 
  When setting up a postpaid contract in SAP's CRM-ITT-ETC Electronic Toll Collection component, it is important to ensure that all details are accurate and up-to-date. This will help ensure that customers are billed correctly and on time. 
  
  Related Information: 
  Postpaid contracts are similar to prepaid contracts, which are also used in SAP's CRM-ITT-ETC Electronic Toll Collection component. In a prepaid contract, the customer pays for services before they are provided. This type of contract is often used when customers need to pay for services in advance or when there is a risk of nonpayment.