What is recurring charge in SAP IS-CC - SAP Convergent Charging?

SAP Term: recurring charge

• Component: IS-CC

• Component Name: SAP Convergent Charging

• Description: Convergent Charging An element of a rate plan that computes fees on a periodic basis.

Smart SAP Assistant

• Key Concepts: 
  Recurring charge is a type of charge in SAP Convergent Charging (IS-CC) that is applied to customers on a regular basis. This type of charge is typically used for services that are provided on a subscription basis, such as monthly or yearly fees. It can also be used for services that are billed on a regular basis, such as usage-based charges. 
  
  How to use it: 
  In SAP Convergent Charging, recurring charges are set up in the system and then applied to customers based on their usage. The system will automatically calculate the amount of the charge and apply it to the customer's account. The customer can then view their account balance and make payments accordingly. 
  
  Tips & Tricks: 
  When setting up recurring charges in SAP Convergent Charging, it is important to ensure that the amount of the charge is accurate and up-to-date. This will help ensure that customers are not overcharged or undercharged for their services. Additionally, it is important to keep track of any changes in the amount of the charge so that customers are not surprised by unexpected charges. 
  
  Related Information: 
  In addition to recurring charges, SAP Convergent Charging also supports one-time charges and usage-based charges. These types of charges can be used in combination with recurring charges to provide customers with a comprehensive billing solution. Additionally, SAP Convergent Charging also supports payment processing and customer management features, which can be used to manage customer accounts and payments more efficiently.