Real-Time Billing Solution | Cognitus

Real-Time Billing by Cognitus

Real-Time Billing™: Next-Gen Transaction-Based Billing for SAP

Accelerate high-volume billing processes with unparalleled speed and efficiency

In project-based industries, efficient analysis, pricing, and invoicing of vast quantities of time, expense, material, and cost postings are crucial. Built on SAP’s latest S/4HANA technology stack, RTB leverages SAP’s advanced database technologies to reduce processing times by handling transactions in real-time, allowing billers to start their work immediately and eliminating the wait for batch job completions.

Streamline High-Volume Billing with RTB

Unmatched Speed
Unmatched Speed

Process transactions up to 60 times faster, saving valuable time and enhancing computing processes. 

Real-Time Visibility
Real-Time Visibility

Gain instant insights into billable transactions as they occur, giving billers and project managers continuous visibility into the value of their projects.

Proactive, Not Reactive
Proactive, Not Reactive

With RTB’s real-time processing of billable transactions, billers can make needed adjustments and corrections during the billing cycle rather than waiting until the end.

Improved Cash Flow
Improved Cash Flow

By processing transactions immediately, RTB reduces days sales outstanding (DSO), accelerates the billing cycle, and enhances cash flow.

Accelerated Project Billing
Accelerated Project Billing

Designed for SAP S/4HANA, RTB leverages advanced technologies for efficient data processing, drastically improving project billing performance.

Customer Satisfaction
Customer Satisfaction

Flexible configuration options cater to unique customer requirements and low to no-code customization reduces turnaround time from customer requirement definition to production availability.

Enhanced Accuracy
Enhanced Accuracy

Transaction-level pricing offers a high degree of detail in prices, and flexibility to comply with even mid-week rate changes.

Built on SAP S/4HANA
Built on SAP S/4HANA

RTB is built on SAP’s S/4HANA in-memory database, utilizing Core Data Services (CDS) and ABAP Managed Database Procedures (AMDP) for faster data access and processing. This ensures rapid, real-time transaction handling and high system performance. 

Detailed Pricing and Billing
Detailed Pricing and Billing

RTB provides the most detailed pricing possible by analyzing and pricing on a per-transaction basis. This granular approach ensures precise and accurate billing, tailored to each transaction, leading to greater billing accuracy and customer satisfaction.

Easy Configuration
Easy Configuration

Offering a high degree of customization, RTB features low-code to no-code tools that allow users to define even the most complex business scenarios. This flexibility ensures that the system can be tailored to meet unique business needs without extensive programming or technical expertise.

Simplified Enhancements
Simplified Enhancements

Utilize no-code solutions for pricing, approval reasons, and source generation, making billing enhancements easier and maintaining a clean system core.

Seamless Integration
Seamless Integration

RTB fully integrates with CIS-GovCon for A&D to natively support essential functions such as Contract Flowdown, Clause Workbench, CLIN/ACRN/FMS Accounting, and GSA Standard output forms, ensuring adherence to legal requirements.

Improved Traceability for Audits
Improved Traceability for Audits

RTB’s journal-style change tracking enables auditors to quickly identify and understand the generation of invoices, enhancing transparency and simplifying the audit process.

Cross-Item Pricing with Calculation Groups
Cross-Item Pricing with Calculation Groups

RTB allows for complex pricing routines and rules with its Calculation Groups feature, enabling intricate cross-item pricing that previously required extensive enhancements.

Time-Saving for Billing Clerks
Time-Saving for Billing Clerks

By analyzing and pricing billable transactions in real-time, RTB ensures that transactions are already processed by month-end, significantly reducing the time required for billing clerks.

High Degree of Configurability
High Degree of Configurability

RTB offers a high degree of configurability with low-code to no-code tools, minimizing the need for developer hours and allowing easy adaptation to key business processes. 

RTB Ebook

Explore the dynamic functionality of Real-time Billing™ with use-case scenarios and more in this eBook by Chris Skinner, VP of Research and Development at Cognitus.

RTB One Pager

Get a quick overview of Real-Time Billing™’s key features and functions in a concise one-pager. 

RTB Video

Watch how Real-Time Billing™ exhibits remarkable scalability, processing large data volumes up to 60X faster.

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The Next Generation in High Volume Transactional Billing

Explore how Real-Time Billing™ exhibits remarkable scalability, processing large data volumes up to 60X faster.

Unlock Unparalleled Efficiency Across Your Billing Processes

RTB empowers you to quickly respond to complex billing scenarios and generate invoices within minutes! How? Check out these dynamic functions of RTB that take SAP’s Resource-Related Billing to the next step and accelerate billing processes up to 60x faster!

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Request Items

Gain visibility into essential details of billable transactions like the originating transaction, pricing material, and quantity or value. This allows for precise discrete pricing, such as applying hourly labor rates in time and materials agreements, ensuring accurate and transparent billing. 

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Calculation Groups

Simplify complex pricing logic to configurable transactions, evaluating conditions such as surcharge limits and adjusting pricing accordingly. Streamline intricate pricing rules in government contracts and update all calculations automatically when the billing process is accessed.

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Billing Cockpit

The Billing Cockpit is a Fiori Overview Page that provides quick access to key information needed by billers. Upcoming billing, pending approvals, and contract status are all available at a glance. Users can act on billing due and other situations with just a click, rather than trying to remember t-codes.

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Prepare Project Billing

Review, edit, and prepare billable transactions on the go with Prepare Project Billing. Customizable views put the most important information front and center so billing clerks can make assessments and decisions rapidly and accurately.

Comprehensive Services and Solutions: Enhance Your Journey with RTB

RTB’s exceptional efficiency in transactional billing processes is complemented by a suite of services and solutions designed to cater to every aspect of your SAP ecosystem.
SAP Services
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Implementation Services
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Rapid Cloud Deployment
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GROW with SAP
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RISE with SAP
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