What is rate fact group in SAP (IS-U-BI - Contract Billing)?

SAP Term: rate fact group

• Component: IS-U-BI

• Component Name: Contract Billing

• Description: Grouping of individual facts that are allocated to a rate. Several rate fact groups can be allocated to one rate. Rate fact groups enable you to use the same rate but apply different operand values. &EXAMPLE& Rate fact group X contains the rate facts minimum demand = 20 kW and discount rate = 10%. If a customer uses 20 kW, a discount of 10% is granted.

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• Key Concepts: 
  Rate Fact Group is a component of the IS-U-BI Contract Billing module in SAP. It is used to define the rate factors that are used to calculate the billing amount for a contract. The rate factors can be based on usage, time, or other criteria. The rate fact group also defines the order in which the rate factors are applied. 
  
  How to use it: 
  To use the Rate Fact Group, first create a rate fact group in the IS-U-BI Contract Billing module. Then, define the rate factors that will be used to calculate the billing amount for a contract. Finally, specify the order in which the rate factors will be applied. 
  
  Tips & Tricks: 
  When creating a rate fact group, it is important to ensure that all of the necessary rate factors are included and that they are applied in the correct order. This will ensure that the billing amount is calculated accurately. 
  
  Related Information: 
  For more information on Rate Fact Group and other components of IS-U-BI Contract Billing, please refer to SAP's official documentation.