Billing and Revenue Management (MOSC)

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Monthly product with an yearly renewal date

edited Jul 31, 2016 5:00AM in Billing and Revenue Management (MOSC) 3 commentsAnswered

Hi,

We want to create a product which should be billed on monthly usage but its renewal date should be after an year

Consider a case


product price is $120 for an year

We want to deduct $10 from the customer at the beginning of each month (cycle forward event)

cycle_start_t is 1-Jan-2016 , cycle_end_t=0

charged_from_t should be 1-Jan-2016, charged_to_t should be 1-Jan-2017

On 1-Jan-2017, it should be renewed again for a whole year.

Please guide on how to handle the same while creating a product in pricing center

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