Recurring Billing and Revenue Recognition turns Microsoft Dynamics SL into a flexible yet robust repetitive billing system to improve your billing accuracy, revenue flow, and customer service.
Recurring Billing and Revenue Recognition
A Complete Billing and Revenue Management Solution
Streamlines Contract Administration
- Accommodates changes in contracts or business policies by revising billing parameters
- Generates contracts automatically to match deferred revenue schedules
- Renews contracts easily including the combining of multiple contracts into a renewed one
- Allows for adjustments in billing periods that need to have credit memos instead of invoices created
- Creates contracts that will bill until the contract is canceled
- Supports Historical Renewal tracking
Efficient Streamlined Billing
- Supports virtually any type of billing for either inventory items, services, or projects
- Easily set up contracts to automatically create AR Invoices or Sales Orders
- Automates billing process or capability to place holds for further review and approval
- User defined billing contracts, revenue types, and revenue recognition schedules
- Generate billings by customers, contracts, contract classes, or date ranges
- Flexible Invoice Scheduling (daily, weekly, monthly, bi-monthly, etc.) or user-defined calendars
- Automatic invoice notification (with link) to customers or employees via email
Efficient and Automated Processing
- Relates to Microsoft Dynamics SL Project Controller for project billing
- Automatic Sales Order generation when inventory is required
- Ability to link to inventory IDs for scheduling any time an item is sold
- Interfaces with Charge It! for automatic credit card payments
- Complete audit trail for deferred/unearned revenue accounts
Regardless of whether you use Microsoft Dynamics SL Accounts Receivable invoicing or Order Management sales orders, this module automates the billing process, reducing the administrative effort required to process these billings and much more. With better handling of product bundles, this module makes it easier for you to maintain bundles of items for pricing and deferred revenue recognition.
