What is convergent billing in SAP IS-U-BI - Contract Billing?

SAP Term: convergent billing

• Component: IS-U-BI

• Component Name: Contract Billing

• Description: Billing procedure in which one utility company includes the billing amounts for the services of a third party together with its own on one bill. In contrast to intercompany billing, postings in contract accounts receivable and payable are managed using the gross procedure that is, including tax and transferred to general ledger as transitory items.

Smart SAP Assistant

• Key Concepts: 
  Convergent billing is a feature of the SAP IS-U-BI Contract Billing component that allows customers to receive a single bill for multiple services. This includes services such as electricity, gas, water, and telecommunications. The billing process is automated and streamlined, allowing customers to receive their bills quickly and accurately. 
  
  How to use it: 
  The convergent billing feature of the SAP IS-U-BI Contract Billing component can be used to create a single bill for multiple services. This is done by creating a contract for each service and then combining them into a single bill. The customer can then view the bill online or receive it in the mail. 
  
  Tips & Tricks: 
  When using the convergent billing feature of the SAP IS-U-BI Contract Billing component, it is important to ensure that all contracts are up to date and accurate. This will ensure that customers receive accurate bills and that any discrepancies can be quickly resolved. 
  
  Related Information: 
  The SAP IS-U-BI Contract Billing component also includes features such as payment processing, dispute resolution, and customer service. These features can be used in conjunction with the convergent billing feature to provide customers with an efficient and accurate billing experience.