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Recurring Invoice Date & Invoice Target Date

We have a use case where the customer would like us to bill on an annual date that is different from the subscription start date. The current invoice target date works when we have a single year subscription term. We have many multi-year subscriptions and our customers would like to be billed annually on that same date. See scenario below.

 

Example: Subscription start is 4/1/2017 and subscription term is 36 months.

Year 1: Service period is 4/1/2017 to 3/31/2018 and invoice is 7/1/2017

Year 2: Service period is 4/1/2018 to 3/31/2019 and invoice is 7/1/2018

Year 3: Service period is 4/1/2019 to 3/31/2020 and invoice is 7/1/2019