Billing Process Fundamentals

Billing Models for Fixed Price Recurring Services

On this page, you can find the billing models we support for fixed cost recurring services

Billing Models for Consumption-Based Products

On this page, you can find the analysis of each available usage-based (also known as consumption-based) billing model.

Discount Models

The interworks.cloud platform includes the following models for handling discounts and promotions for your products.

Proration

The interworks.cloud platform allows you to prorate a partial month's fees in order to align your charges to a specific billing day. You can select which customers will be charged in prorated mode and which products can be excluded from proration. You can also define a billing day for a specific product.

Taxation

The interworks.cloud platform Taxation module allows to:

  • identify which of your products are taxable
  • calculate taxes based on customer's geographical location and/or type of product
  • support country specific taxes
  • support European Union's VAT rules
  • specify which customers are tax exempt

Multi-Currency Support

When expanding globally, it is critical to be able to bill your customers in local currencies and process online payments for your international customers. The interworks.cloud platform allows you to define your pricing to multiple currencies and manage all aspects of billing and payment processing. 

Integrating with Third-Party Billing Systems

For integrating with third-party systems like SAP or Siebel we offer the following alternatives:

  • Use of our interworks.cloud API
  • Use of our Integration Framework
  • Use of out of the box connectors
  • Data Exchange through CDR files

Rounding

Rounding is an important aspect with any financial system, and our platform is no exception. Understanding how rounding works within interworks.cloud will give you insight into how we handle rounding for amount calculation on orders, invoices and subscriptions.

Rounding Rules for Discounts

The rule we are using for applying discounts to order items. invoice items and subscriptions is the following: The rounding is performed as the last step before multiplying with Quantity. Below you can find some examples: