Business Context
The Bill Calculation application automates the tasks
required to calculate the bill. It takes billing preference, recurring product,
non-recurring charge information and usage charge information, calculating the
charges that must be billed.
Bill Calculation may occur on demand or within bill
cycles that are carefully planned and controlled for integrity and completeness
as well as workload balancing (computer and staff)
The output
of Bill Calculation is a bill for products and services – The products and
services may include both prepaid and postpaid services in a single
bill.
Overview
The Bill
Calculation application processes all charges against an account during bill
cycles. Bill Calculation can be
executed both on a cyclic basis and on
demand. It performs bill
invoicing, dealing with bill compilation of charges, credits, payments,
adjustments, fees & taxes at various levels, such as product and/or account
level that have been generated since the last run for that account. It could
apply discounts. Finally, Bill
Calculation Management calculates bill totals and subtotals as appropriate.
The pricing
plans and discounts are determined based on the agreements for the invoiced customer or
account.
This was created from the Frameworx 16.0 Model