Billing & Payments
The automatic billing of customer contracts is BIllwerk's core function. Settlement takes place in three steps:
Detection and Rating - all booked or used products for a contract that must be billed are selected.
Billing (settlement) - all individual products to be settled are converted into settlement items, resulting receivables and credit memos are posted to the customer's contract account.
Invoicing (creation of documents) - a document (invoice/credit note) is created from the list of invoice items.