Recurring invoicing key features

Contract management

Using recurring invoices provides these contract management features:

Uses flexible invoicing schedules allowing to raise invoices daily, weekly, monthly, quarterly, or annually. You can also raise unusual billing periods according to user-defined patterns.
Specifies one-off charges added to contracts to be picked up by the invoicing module at the effective date.
Uses value labels and formulae for contract value calculation. Up to 50 contract specific or system calculated amounts can be hold on contract lines.
Uses Price and Value Books for pricing management.
Uses SunSystems Analysis Dimensions for full analysis facilities.
Includes other contract details such as start date, end date, and review dates for calculating start and end period of contract charges and for producing schedules of contracts that are up for review. You can add these contract details on the provided additional date, text, and value fields.
Uses Contract Presets to easily create contract header and lines.
Use Business Rules to create and validate contract header and lines.

Using recurring invoices provides these invoice production features:

Raises invoices using fully automated or prompted invoice production.
Calculates part period charges for contracts using different prorate methods.
Produces accruals and prepayments report at any time.
Uses SunSystems Reporting for user-defined invoice layouts.
Uses Sales Order Management Formula Engine for flexible calculations and postings of invoices.
Uses ledger interface to send user-defined postings to the accountable system.
Uses business rules in invoice production.

Using recurring invoices provides these deferred revenue features:

Calculates deferred revenue automatically from contract values at the invoice generation stage or a separate batch process.
Posts system-generated deferred revenue postings automatically to the financial ledger.
Calculates deferred revenue postings using recurrences.
Uses different calculation methods for invoice and deferred revenue calculations.

Using recurring invoices provides these reporting features:

Creates reports using SunSystems Reporting.
Enables viewing and processing of information through Query and Analysis.
Creates deferred and accrued income reports, and optional postings to SunSystems Financials.

Using recurring invoices provides these integration features:

Uses Transfer Desk to import and export.
Supports Infor Business Context messages to integrate with Infor Ming.le and IDM.
Provides APIs for integrations.