Overview:

Upon completion of the actualization process in the scheduling modules, customer invoices are generated. This process assembles pricing from the contract and volumes from the actualization plus applicable fees and taxes to produce a customer invoice quickly and efficiently.

Features:

• Tight integration with scheduling and contracts to automatically generate accurate customer invoices
  
• Automated formula pricing calculation based on the formula parameters defined on the contract
  
• Unresolved formula prices automatically revert to a provisional price and a correction is issued upon completion of pricing
  
• Secondary costs, additional fees, and taxes are added to the invoice automatically when applicable
  
• Integrated credit and rebill process handles updates and changes quickly and efficiently

Advantages:

• Integration with the contract and scheduling modules simplifies the invoice generation process
  
• Greater efficiency in processing of customer invoices
  
• Flexibility in printed template layout for various parameters
  
• Improved audit trail of customer invoice history as revisions are processed

Benefits:

• Improved timeliness in generating customer invoices
  
• Greater confidence in the accuracy of invoices sent to customers
  
• Shortened payment cycle from timeliness and accuracy improvements