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How to create separate bill segments for Quarterly Billing instead of a single bill segment for the quarter? (Doc ID 2871331.1)

Last updated on JUNE 02, 2022

Applies to:

Oracle Financial Services Revenue Management and Billing - Version and later
Information in this document applies to any platform.


On RMB v3., a single bill segment gets created for entire Quarterly Bill period.

Currently Bill Segments created for each coverage were only able to showcase quarterly by generating the bill through an invoice request, which allowed users to update the cut-off date – e.g. invoice request created in Dec 2020 with a cutoff date of Feb 2021, generated a bill with Jan 2021, Feb 2021 and Mar 2021 coverage period as separate charges. Not able to get the expected results if using the process date as the cut-off date, which is what scheduled billing does. If we use a monthly bill period, it only bills in advance of 1 month. If we use a quarterly bill period, it only generates a single bill segment for the quarter. Our requirement is to be able to bill Jan, Feb, Mar in Dec, with the bill maintaining separate bill segments for each coverage period.

This article informs if current product allows creating separate bill segments for quarter billing for each coverage period.


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