Prepayment for utilities allows customers to prepay for their energy consumption

SAP prepayment for utilities provides a new utility program that allows customers to prepay for their accounts. SAP Prepayment for Utilities offers a Streamlined Monitoring Process for the Prepayment Customers and analyzes the Consumption in relation to the customer’s Balance. Fundamental to the SAP Prepayment solution is the implementation of smart meters for accurate frequent consumption and balance calculation.

Overview

Enhance revenue assurance for utility companies

By receiving payments upfront, revenue collection is improved and there is reduced credit risk associated with unpaid bills. No costs for reminders, creating instalment plans and debt collection.

Increased customer satisfaction

Offering prepayment options can increase customer satisfaction by providing greater control over energy usage and spending, and customers will not experience bill shocks again as they are aware of their usage and the balance in their e-Wallet through notifications and access to a portal.

Operational efficiency, and reduced debt and default rates

Reduces the administrative costs associated with meter reading, billing, and collections. Lowers the risk of debt accumulation and defaults on payments, as services are prepaid.

Details

Solution type

Extensions and Add-ons

Industry

Oil, Gas, and Energy, Utilities, Public Sector

Compatibility

Works with

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SAP S/4HANA UtilitiesSAP Cloud for UtilitiesSAP ERP

Features

Prepayment document management

The central point of entry to display and collect all prepayment relevant data. It includes up-to-date information about the usage and payment details of a customer. Furthermore, it also enable debt recovery.

Prepayment document management
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Account Balance Determination

Determine the account balance, payments, and usage of a prepayment customer. Customers enrolled in the prepayment program are responsible for maintaining a positive prepayment balance in their accounts. Utility companies, therefore, need to have the most current account balance information at hand.

Account Balance Determination
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Consumption Monitoring

Monitors the prepayment documents values and status. When a value reaches or fall below their pre-defined threshold, it automatically triggers the applicable event: Notify, Disconnect, and Reconnect.

Consumption Monitoring
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Plans and pricing

All plans include:

Implementation for prepayment for utilities

Technical information

Solution type Extensions and Add-ons
Category Enterprise Resource Planning
Industry Oil, Gas, and Energy, Utilities, Public Sector
Works with
  • SAP S/4HANA Utilities
  • SAP Cloud for Utilities
  • SAP ERP

Resources

Prepayment for Utilities

Privacy-Policy

Prepayment for Utilities

Publisher