What is flat-rate procedure in SAP IS-U-BI - Contract Billing?

SAP Term: flat-rate procedure

• Component: IS-U-BI

• Component Name: Contract Billing

• Description: Procedure for the unbilled revenue reporting of a business period. In addition to the flat-rate procedure, there is the individual procedure.

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• Key Concepts: 
  The flat-rate procedure in SAP IS-U-BI Contract Billing is a billing method that allows customers to pay a fixed rate for a set of services. This rate is determined by the customer's usage and the services they require. The flat-rate procedure is used to simplify billing and reduce administrative costs. 
  
  How to use it: 
  The flat-rate procedure can be used in SAP IS-U-BI Contract Billing by setting up a contract with the customer. The contract should include the services that will be provided, the rate that will be charged, and any other relevant information. Once the contract is set up, the customer will be billed according to the flat-rate procedure. 
  
  Tips & Tricks: 
  When setting up a contract with a customer, it is important to ensure that all of the services that are included in the flat-rate are clearly defined. This will help to avoid any confusion or disputes when it comes time to bill the customer. Additionally, it is important to review the contract periodically to ensure that it is still relevant and up-to-date. 
  
  Related Information: 
  For more information on the flat-rate procedure in SAP IS-U-BI Contract Billing, please refer to SAP Help documentation or contact your local SAP representative.