What is immediate billing in SAP FI-CA-INV - Convergent Invoicing?

SAP Term: immediate billing

• Component: FI-CA-INV

• Component Name: Convergent Invoicing

• Description: Billing process integrated into the rating process, for immediate billing of the billable items created by the rating of the consumption items. Billing integrated into rating unifies the rating and billing processes into a single process. It simplifies the invoice creation process and optimizes its runtime.

Smart SAP Assistant

• Key Concepts: 
  Immediate billing is a feature of SAP's FI-CA-INV Convergent Invoicing component. It allows customers to create and send invoices to their customers in real-time, without having to wait for the billing process to be completed. This helps to reduce the time it takes to generate invoices and improve customer satisfaction.
  
  How to use it: 
  Immediate billing can be enabled in the FI-CA-INV Convergent Invoicing component. Once enabled, customers can create and send invoices in real-time. The invoices can be sent via email, fax, or other methods. Customers can also view the status of their invoices in real-time.
  
  Tips & Tricks: 
  When using immediate billing, it is important to ensure that all customer information is accurate and up-to-date. This will help to ensure that invoices are sent to the correct customer and that payment is received in a timely manner. Additionally, it is important to ensure that all invoice information is accurate and up-to-date, as this will help to reduce the risk of errors or disputes.
  
  Related Information: 
  For more information on SAP's FI-CA-INV Convergent Invoicing component, please visit the SAP website at https://www.sap.com/products/fi-ca-invoice-convergent-invoicing.html. Additionally, there are many online resources available that provide detailed information on how to use immediate billing and other features of the FI-CA-INV Convergent Invoicing component.