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

SAP Term: parallel billing

• Component: FI-CA-INV

• Component Name: Convergent Invoicing

• Description: Billing executed in parallel to optimize system performance.

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• Key Concepts: 
  Parallel billing is a feature of SAP's FI-CA-INV Convergent Invoicing component that allows for the simultaneous creation of multiple invoices for a single customer. This feature is useful for customers who need to receive multiple invoices for different services or products, as it allows them to receive all of their invoices in one batch.
  
  How to use it: 
  To use the parallel billing feature, you must first set up the customer's account in SAP. Once the account is set up, you can create multiple invoices for the customer in one batch. To do this, you will need to enter the customer's information into the system, including their address and payment information. Once this is done, you can select the items or services that you want to invoice and enter the corresponding prices. Finally, you can select the "Parallel Billing" option and submit the invoice.
  
  Tips & Tricks: 
  When using parallel billing, it is important to make sure that all of the invoices are accurate and up-to-date. This will ensure that your customers receive their invoices on time and without any errors. Additionally, it is important to keep track of all of your invoices so that you can easily identify any discrepancies or errors.
  
  Related Information: 
  For more information about SAP's FI-CA-INV Convergent Invoicing component and its features, please visit SAP's website at https://www.sap.com/products/convergent-invoicing.html. Additionally, there are many online tutorials and resources available that can help you learn more about how to use this component effectively.