Convergent Invoicing for the Utilities Industry (3L1)

The main business of utilities companies is shifting increasingly from sales of commodity products (such as energy and gas) to noncommodity products (such as e-mobility, solar panels, and maintenance services). This means that there's a huge benefit for utilities companies to use convergent invoicing in SAP S/4HANA Cloud as the central invoicing engine for all products. Adding utilities-specific fields to the billable items enables utilities companies to use SAP S/4HANA for convergent invoicing for commodity invoicing and create a single invoice document for the customer. The statistical budget billing procedure is also supported.

Key Process Steps Covered

Send utilities-specific billing data as billable items to SAP S/4HANA Cloud for contract accounting and invoicing
Perform invoicing for this billing data in SAP S/4HANA Cloud for contract accounting and invoicing
Print the invoice including utilities-specific information in SAP S/4HANA Cloud for contract accounting and invoicing
Manage a statistical budget billing plan in SAP S/4HANA Cloud for contract accounting and invoicing

Benefits

Use SAP S/4HANA Cloud for contract accounting and invoicing to invoice commodity bills
Produce a single convergent invoicing document for customers
Use the utilities-specific billable item interface to send rated items to SAP S/4HANA Cloud for contract accounting and invoicing

Additional Information

This scope item requires an additional SAP S/4HANA Cloud license

Where is Convergent Invoicing for the Utilities Industry(3L1) being used?

This Scope item is used in the following way:

As a core function of Subscription Billing and Revenue Management within Finance Scope Item Group

No Process Flow details available for scope item Convergent Invoicing for the Utilities Industry(3L1)-s4hc-2111

Ref: Finance of SAP S4HC-2111

Best Practices related to S/4HANA

Best Practices of SAP S/4HANA On Premise *1
Best Practices of SAP S/4HANA Cloud *2
Best Practices of SAP Analytics Cloud *2
Best Practices of Robotics Process Automation(RPA) with SAP Leonardo *2

*1) Yearly Updates are released per September of each year
*2) The Quarterly updates are released per Februari, May, August and November
Details of future releases can be found in the SAP Roadmap section of each product. Go to SAP Roadmap Product Finder.

Knowledge Center Scheer Nederland | The Process Experts Visit also the SAP Cloud ERP knowledge center of Scheer Netherlands. The following topics are covered:

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