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

staggered billing - Overview

• Component: IS-U-BI

• Component Name: Contract Billing

• Description: Billing procedure with billing dates spread over the year for different customer sections in a utility company.

staggered billing - Details

• 
  Key Concepts: 
  Staggered billing is a feature of the IS-U-BI Contract Billing component of SAP. It allows customers to pay for services in installments, rather than in one lump sum. This feature is useful for customers who may not have the funds to pay for services upfront, or who may prefer to spread out their payments over a period of time. 
  
  How to use it: 
  To use staggered billing, customers must first set up a contract with the service provider. The contract should specify the payment terms, such as the amount due each month and the total amount due over the course of the contract. Once the contract is set up, customers can then make payments according to the terms of the contract. 
  
  Tips & Tricks: 
  It is important to keep track of payments made under staggered billing contracts. This can be done by setting up a payment schedule and tracking payments made against it. This will help ensure that all payments are made on time and that no payments are missed. 
  
  Related Information: 
  Staggered billing is similar to installment billing, which is another feature of IS-U-BI Contract Billing. Installment billing allows customers to pay for services in fixed amounts over a period of time, but does not require customers to set up a contract with the service provider.