The SAP S/4HANA Cloud for Contract Accounting and Invoicing supports the key parts of a fully integrated Consume-to-Cash process. A wide range of SAP customers, mainly from the service industry, contributed to the solution’s features.
Any consumed service from any metering platform, for example, a digitial download, a toll, a mobility service, or a subscription for print or cloud services, can be received in a flexible operated way, carrying specific usage or custom-specific data that may influence the downstream processes in billing, invoicing, contract accounting, and payment handling.
Consumption can be priced or not yet rated, either to be paid after invoicing, or by usage, or prepaid. Recurring or one-time charges can be requested from flexible billing plans.
All granular events are persisted as consumption or billable items and aggregated based on configurable criteria in the billing and invoicing process. This enables the itemization of all events in a billing period on the invoice and the invoice correction on items level.
Invoices can be sent via any communication channel, and create postings to the contract accounting subledger. From there, aggregated records will be transferred to the general ledger, so that there’s no line item posting.
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