Statement Production
A statement of account
In the Cloud Monetisation Platform, a billing entity that can be used to manage payments on one or more subscriptions or payments for services. An account can hold details such as payments or invoices. supplements an invoice showing balance information and the total amount due to be paid. The statement includes any balance brought forward, transactions since the last statement and the new invoice(s) from the latest invoice run.
Statement Production is responsible for identifying and producing statements, calculating the customer In the context of the Cloud Monetisation Platform, an individual or organisation who has signed an agreement to take goods and services from a service provider. A customer receives a bill associated with one or more subscriptions, and can be a single end user or a large company with many subscriptions assigned to one agreement.'s closing balance for their account and updating their payment due date.
A statement in CMP Converged Monetisation Platform. The MDS Global product that supports customer care and billing for digital service providers. is a snapshot of the transactions - invoices, adjustments and payments - that have been posted to the sales ledger for a given account. Once a statement is produced, those transactions are always associated with that statement. A statement is not an invoice. An invoice has a tax aspect to it, whereas a statement consists of an opening balance, closing balance, amount in query and transactions on an account at a particular point in time.
Statement Production calculates the following:
- An opening balance - An opening balance is derived from the last statement closing balance, if one existed otherwise the opening balance is zero.
- A closing balance - Closing balance is opening balance plus any charges this period.
- A list of transactions.
If there are open amounts in query on the account, these are excluded from the balance calculations. In a corporate scenario, CMP allows for suppression of statements at lower levels in a CMP hierarchy and for them to be consolidated at either corporate account or group In the Customer Manager Platform hierarchy, the highest level of the structure. The group level can be used to group corporates. Groups can hold financial information. account.