SAP Convergent Invoicing
FinanceDefinition
SAP Convergent Invoicing is a component used for billing and invoicing in complex service industries, allowing for the aggregation and processing of diverse billing items.
Detailed Description
SAP Convergent Invoicing (CI) is a billing component within the SAP Billing and Revenue Innovation Management (BRIM) solution, designed to handle the intricate billing requirements of service-oriented industries. It is particularly useful in scenarios involving convergent services, where multiple billing streams such as telecom, utilities, and media need to be consolidated into a single customer invoice. The component supports flexible invoicing processes, comprehensive bill presentment solutions, and integrates seamlessly with other SAP modules to ensure streamlined financial operations.
Key Features
- Aggregation of diverse billing streams
- Automated revenue recognition
- Enhanced billing accuracy and efficiency
- Flexible invoice format management
- Seamless integration with SAP modules
Common Modules
SAP Billing and Revenue Innovation Management (BRIM)
A comprehensive solution that supports the entire lifecycle from subscription order to revenue recognition.
SAP Customer Relationship Management (CRM)
Integrates with CI for detailed customer insights and improved service offerings.
SAP Financial Supply Chain Management (FSCM)
Works alongside CI to manage financial transactions and streamline the supply chain.
Popular Implementations
Telecommunications Industry Implementation
Implemented in a leading telecom service provider to unify billing for multiple services such as mobile, internet, and TV, streamlining operations and enhancing customer satisfaction.
Utilities Sector Deployment
Used by a major utility company to consolidate billing for electricity, gas, and water services, leading to reduced billing errors and improved cash flow.