Category: (2) eTOM Process Type
Process Identifier: 1.6.12
Original Process Identifier:
Maturity Level: 3
Manage party billing events, charge parties for products, manage bills/invoices, manage payments, sharing revenue, manage account balances, and handle bill/invoice inquiries.
Party Revenue Management manages party billing events, charging parties for products, managing bills/invoices, managing payments, sharing revenue, managing account balances, and handling bill/invoice inquiries. Party Billing Event Management enriches, guides, distributes, mediates, summarizes, accumulates, and analyzes billing events. These processes may occur in real-time, near real-time, or may be executed on a periodic basis. Party Charging assigns a value (monetary or other) to an event or product, or combination (bundle or aggregate) of the above. The charge may be either a credit or a debit and can be handled either online or offline. Party Bill/Invoice Management manages the party bill/invoice process, controls bills/invoices, manages the lifecycle of bills/invoices. Party Payment Management manages methods used by parties to make payments, administers payment plans, handles payments, and collects debt. Party Revenue Sharing develops party revenue sharing models, prepares party revenue sharing agreements, determines party revenue shares, and reconciles party revenue shares. Party Account Balance Management manages, calculates, applies policies to manage, and manages functionality/interfaces for party account balances. Party Bill Inquiry Handling ensure the timely and effective resolution of all bill inquiries and complaints sent to and received from other parties. Party Charging assigns a value (monetary or other) to an event or product, or combination (bundle or aggregate) of the above. The charge may be either a credit or a debit and can be handled either online or offline. Party Payment Management manages methods used by parties to make payments, administers payment plans, handles payments, and collects debt. Party Revenue Sharing and Settlement develops party revenue sharing models, prepares party revenue sharing agreements, determines party revenue shares, and reconciles party revenue shares. Party Bill Inquiry Handling ensures the timely and effective resolution of all party bill inquiries and complaints initiated by an enterprise or initiated by another party, such as a partner. It includes the receiving and sending inquiries regarding a bill/invoice, managing the entire bill inquiry lifecycle, reporting changes to and updates to, and closure of a bill inquiry when all activities have been completed.
This was created from the Frameworx 16.5 Model