Oracle Service Contract : Billing Streams to Handle Irregular Billing Periods

Oracle Service Contract : Billing Streams to Handle Irregular Billing Periods

In Oracle Service Contracts , we can set up multiple billing streams to handle irregular billing situations. for example, to handle a customer who starts a contract in the middle of a month, but wants to be billed at the beginning of each month.
This section illustrates ( all though this is not an actual scenario)  how to use billing streams for the customer who wants to be billed

1. Daily for Hotel room  from 08-May to 31-May 
2. weekly Invoice   for 01-JUN to 25-Oct ( for 21 weeks) 
3. Again daily Invoice for 26-OCT to 31-OCT and finally 
4. Monthly invoice from 01-NOV to 07-MAY - 2014 

All the invoices will be at the beginning as we have selected "Advance Invoice" as Invoice rule.

For additional details about how to setup  Irregular Billing Periods in Oracle Service Contract feel free to contact me at sgupta@bizinsightinc.com or leave comments here.