Category: (1) TAM Application Type
Application Identifier: 5.15
Maturity Level: 4
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.
Bill
Calculation functionality includes:
·
Performing
charge and event distribution to support a split bill
·
Support various bill cycle
intervals
·
Assemble billing information:
Pull together all the
information to be included on the invoice, incorporating taxes, surcharges, and
other fees and may include payments, adjustments, and other financial
activities.
·
Apply pricing and discounting: Apply pricing and discounting rules and algorithms in the context of
the assembled information.
·
Fee Calculation:
Calculates and applies bill-time fees where necessary.
·
Generate an invoice:
Execute invoice generation according to operational schedules.
· Billing Financials: Create appropriate transactions regarding the current invoice for Receivables Management.
Exposed Contracts
Consumed Contracts
This was created from the Frameworx 16.0 Model