What is convergent invoicing in SAP IS-T - SAP for Telecommunications?

SAP Term: convergent invoicing

• Component: IS-T

• Component Name: SAP for Telecommunications

• Description: Industry Solution - Telecommunications Method of invoicing where billing data from various sources is aggregated into a single invoice and is processed together.

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• Key Concepts: 
  Convergent invoicing is a feature of the IS-T SAP for Telecommunications component that allows for the consolidation of multiple invoices into one. This feature enables customers to receive a single invoice for all services they have subscribed to, such as voice, data, and mobile services. This simplifies the billing process and reduces administrative costs. 
  
  How to use it: 
  To use convergent invoicing, customers must first subscribe to the services they wish to receive. Once the services are activated, the customer will receive a single invoice for all services they have subscribed to. The invoice will include all charges associated with each service, as well as any applicable taxes or fees. 
  
  Tips & Tricks: 
  When using convergent invoicing, it is important to ensure that all services are correctly billed and that any applicable taxes or fees are included in the invoice. Additionally, customers should review their invoices regularly to ensure accuracy and to identify any discrepancies. 
  
  Related Information: 
  Convergent invoicing is part of the IS-T SAP for Telecommunications component, which also includes features such as customer relationship management (CRM), billing and revenue management (BRM), and network management (NM). Additionally, SAP offers other components such as IS-U SAP for Utilities and IS-M SAP for Manufacturing that provide similar features.