4.2.2.1 Update Billing Information : Update Billing Information Detailed Process Model Description : 3.3.2.1 Design Classic Rate Schedule

3.3.2.1 Design Classic Rate Schedule
Reference: Update Billing Information Process Model - Page 4 on page 7 for the associated business process diagram.
Actor/Role: CSR or Authorized User
Description: The Rate Schedule contains information about the Rate that doesn't change over time. This includes the Rate's regulatory name and description.
A Classic Rate's effective dated calculations are organized into a Rate Version. Every Rate schedule has at least one Rate Version. Multiple Rate Versions exist when the effective dated calculations change, and it's important to keep the prior Rate Version in order to recalculate historical bills.
A Classic Rate Version's calculations and charges are stored in Rate Components Every Rate Version will have at least one Rate Component. The number of Rate Components linked to a Rate Version, is dependent on the complexity of the calculation rules.
Available Algorithms
Entities to Configure

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