Revenue Recognition and Installment Billing
Automate the generation of accounts receivable invoices based on user defined installment billing templates. These templates allow for timed generation of invoices in relation to order progress based on predefined business specific event triggers.
Order acceptance, order allocation, material issue and shipment are typical events subject to the billing template. In addition, invoice amounts can be subject to pre-defined revenue recognition templates resulting in automated conversion of deferred income to recognized revenue. Visibility ERP supports recognized earned value measurement.
