What is collective invoicing in SAP FI-CA-INV - Convergent Invoicing?

SAP Term: collective invoicing

• Component: FI-CA-INV

• Component Name: Convergent Invoicing

• Description: Invoicing process that processes collective invoices created by invoicing single accounts into collective invoicing documents. Collective invoicing documents form the basis for creating the collective invoice printout in correspondence.

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• Key Concepts: 
  Collective invoicing is a feature of SAP FI-CA-INV Convergent Invoicing that allows multiple invoices to be combined into one invoice. This feature is useful for companies that have multiple customers with similar invoicing needs, as it allows them to streamline their invoicing process and reduce administrative costs.
  
  How to use it: 
  To use collective invoicing in SAP FI-CA-INV Convergent Invoicing, you must first create a collective invoice template. This template will define the criteria for which invoices should be combined into one collective invoice. Once the template is created, you can then select the invoices that should be included in the collective invoice and generate the collective invoice.
  
  Tips & Tricks: 
  When creating a collective invoice template, it is important to consider the criteria that will be used to determine which invoices should be included in the collective invoice. For example, you may want to include only invoices from a certain customer or with a certain payment term. Additionally, you may want to consider whether or not you want to include taxes and discounts in the collective invoice.
  
  Related Information: 
  For more information on collective invoicing in SAP FI-CA-INV Convergent Invoicing, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/FI_CA_INV_CONVERGENT_INVOICING/latest/en-US