Posted on September 29th, 2017 by Sanjit Anand ||
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Milestone is a type of billing that occurs only as certain milestones have been attained.
Milestones are events or conditions that trigger the billing.
For example, you can bill customers based on the number of days since the activity began, a specific date, a manual milestone you specify, or an activity percentage of completion.
You define the milestones to be used and the amounts to be billed for each milestone.
In EBS R12.2.7 , Oracle Order Management extends support for flexible ordering of products, services, subscriptions and warranties with a new milestone billing option.
This option lets customers with long lead times for custom-designed equipment define the amount or percentage to be billed at each interim milestone.
This help to Support for manual item substitution after order booking avoids the overhead of cancelling and recreating order lines.
Indeep a great feature , after a long time.
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