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Rental - Try and Buy - using Periodic Billing Frequency in OM

in Order Management

Summary:

How does Billing Frequency in OM works without subscription module?

Content (please ensure you mask any confidential information):

We have a small portion of business that does equipment rental as try and buy.

  1. An equipment is shipped to customer
  2. Then billing happens periodically (e.g. monthly)
  3. At the end of agreed upon period, customer will either return the product or buy (instead of paying monthly)

How can this be handled using Billing Frequency in OM (and any associated functionality in AR) without subscription module/install base modules?

Upon investigating few things, it seems the sales order line in OM will close (after initial shipping, Awaiting Billing and first AR invoice). How are the subsequent invoices created periodically as per the frequency and the contract/bill end date - could not find any relevant details in guides or community?

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