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

SAP Term: revenue management - convergent invoicing

• Component: IS-T

• Component Name: SAP for Telecommunications

• Description: Industry Solution - Telecommunications A key funtional area in mySAP Telecommunications that makes it simple to enhance existing billing systems with convergent billing capabilities. You can create a single invoice that includes all products and services provided to customers. It also handles third-party billing, cross-product discounts, and billing on demand. Tight integration with the accounting functions increases the flexibility of the billing process.

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• Key Concepts: 
  Revenue management - convergent invoicing is a component of the IS-T SAP for Telecommunications. It is a tool that helps telecom companies manage their revenue by providing them with a single platform to manage all their invoices. This platform allows companies to track and analyze their revenue, as well as manage their billing and payments. 
  
  How to use it: 
  Revenue management - convergent invoicing can be used to manage all aspects of a telecom company’s revenue. It allows companies to track and analyze their revenue, as well as manage their billing and payments. Companies can also use the platform to create customized invoices, set up payment plans, and track customer accounts. 
  
  Tips & Tricks: 
  When using revenue management - convergent invoicing, it is important to keep track of all customer accounts and payments. This will help ensure that all payments are made on time and that customers are billed correctly. Additionally, it is important to regularly review the data in the system to ensure accuracy and identify any potential issues. 
  
  Related Information: 
  Revenue management - convergent invoicing is part of the IS-T SAP for Telecommunications suite of products. Other components of this suite include customer relationship management (CRM), customer service, and analytics tools. Additionally, SAP offers a range of other products and services that can help telecom companies manage their revenue more effectively.