What is franchise fee in SAP IS-U-BI - Contract Billing?

SAP Term: franchise fee

• Component: IS-U-BI

• Component Name: Contract Billing

• Description: Payment by the utility company to municipalities whereby the utility company obtains the right to supply energy directly to customers in these regions. This allows the utility company to use public traffic routes for the laying and operation of lines. The franchise fee is determined for each division in a separate franchise contract.

Smart SAP Assistant

• Key Concepts: 
  A franchise fee is a type of fee charged by a utility company to a customer for the right to use the utility's services. It is usually a one-time fee that is paid when the customer first signs up for the service. In SAP IS-U-BI Contract Billing, the franchise fee is used to calculate the total amount due for a customer's contract. 
  
  How to use it: 
  In SAP IS-U-BI Contract Billing, the franchise fee is used to calculate the total amount due for a customer's contract. The franchise fee is entered into the system as part of the contract setup process. Once entered, it will be included in all subsequent billing calculations. 
  
  Tips & Tricks: 
  When setting up a contract in SAP IS-U-BI Contract Billing, make sure to include any applicable franchise fees in order to ensure accurate billing calculations. 
  
  Related Information: 
  For more information on SAP IS-U-BI Contract Billing, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/IS_U_BI/latest/en-US