What is time-based price in SAP IS-U-BI - Contract Billing?

SAP Term: time-based price

• Component: IS-U-BI

• Component Name: Contract Billing

• Description: Price that has both a time and quantity reference, such as a demand price $/kW/365 days.

Smart SAP Assistant

• Key Concepts: 
  Time-based price is a pricing model used in SAP IS-U-BI Contract Billing. It is based on the amount of time a customer uses a service or product. The price is calculated based on the duration of the usage and the rate set for that particular service or product. 
  
  How to use it: 
  Time-based pricing can be used in SAP IS-U-BI Contract Billing to calculate the cost of services or products based on the duration of usage. The rate for each service or product must be set in advance, and then the total cost can be calculated by multiplying the rate by the duration of usage. 
  
  Tips & Tricks: 
  When setting up time-based pricing in SAP IS-U-BI Contract Billing, it is important to consider the customer’s usage patterns and set rates accordingly. This will ensure that customers are charged fairly and accurately for their usage. 
  
  Related Information: 
  For more information about time-based pricing in SAP IS-U-BI Contract Billing, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials and examples of how to set up and use time-based pricing in SAP IS-U-BI Contract Billing.