Usage Based Billing (UBB) in OLFM
Usage Based Billing (UBB) functionality in OLFM can be used to bill for usage of a leased asset in addition to lease rental billing. For example, if a lessor leases multi-function printers and in addition to lease rentals also bills the customer based on the number of copies printed or photo-copied UBB functionality can be used.
UBB functionality in OLFM leverages the UBB functionality of Oracle Service contracts (OKS). OLFM integrates with service contracts billing engine to generate usage based rent streams. These usage based billable streams can be consolidated with lease rentals and presented to the customer (lessee) in one consolidated bill.