What is concession in SAP IS-U-IN - Invoicing?

SAP Term: concession

• Component: IS-U-IN

• Component Name: Invoicing

• Description: Procedure that awards discounts towards the bills such as electricity bills of eligible persons. The procedure is currently only available in Australia.

Smart SAP Assistant

• Key Concepts: 
  Concession is a feature in SAP IS-U-IN Invoicing that allows customers to receive discounts on their bills. It is a way for companies to reward customers for their loyalty or to incentivize them to purchase more products or services. Concessions can be applied to individual items, entire orders, or even entire customer accounts. 
  
  How to use it: 
  To use the concession feature in SAP IS-U-IN Invoicing, you must first create a concession agreement. This agreement will define the terms of the concession, such as the amount of the discount and the duration of the agreement. Once the agreement is created, it can be applied to individual items, orders, or customer accounts. 
  
  Tips & Tricks: 
  When creating a concession agreement, it is important to consider how long it will be valid for and how much of a discount you are willing to offer. You should also consider any restrictions that may apply, such as minimum purchase amounts or expiration dates. 
  
  Related Information: 
  For more information on concessions in SAP IS-U-IN Invoicing, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tips and tricks for using concessions in SAP IS-U-IN Invoicing.