In a previous post we comment that the improvements in the release 12 for cloud in AR are:
– Recurring Billing
– Instaltment Update
All the information is available under the ‘Release Readiness‘:
Automate the generation of recurring invoices based on the negotiated terms of a contract. The Recurring Billing process begins by creating a bill plan record that includes billing frequency, contract dates, customer information, payment terms, and the items and memo lines to be billed on each invoice. Generate invoices from the bill plan based on the billing frequency and bill plan dates. Each invoice provides a consistent record of goods and services provided in the given billing period. You can review and update the bill plan to reflect changes to the contract terms. The Recurring Billing feature allows creation, review, and editing of bill plans, and monitors the historical activity of each bill plan.
Update the installments on individual invoices. When necessary, the unpaid installment payment schedule for an invoice can be modified according to customer requirements.
For the Oracle Cloud customers last week there was a very good presentation about the new available functionality in Customer Connect: