Prepaid Streamlining

PeopleSoft Contracts streamlines the prepaid process by enabling the system to set the initial billing plan to a Ready status automatically if you selected the Ready option on the billing plan template. In addition, PeopleSoft Contracts streamlines the prepaid process by supplying default values from the business unit level onto the prepaid component. Follow these rules for readying the billing plan automatically:

• If you use a billing plan template to create the initial billing plan, a check box on the billing plan template indicates whether the system should mark the initial billing plan Ready automatically when the prepaid status changes to Ready. You must select this option on the billing plan template for automation to occur.

• If any contract lines, in addition to prepaids, are assigned to the billing plan, the system cannot change the billing plan status to Ready until the contract has an Active status.

• If contract lines, in addition to prepaids, are assigned to the billing plan, and the contract has an Active status, when you change the prepaid status to Ready, the system changes the billing plan to Ready.

• If multiple prepaid sequences are assigned to the billing plan, the system does not change the billing plan status to Ready until all of the prepaid sequences that are associated with the billing plan have Ready statuses.