What's the difference between RRB and milestone billing in PS-SD integration ?

[Vima]

Hello,
I have a requirement to implement project billing functionality for one customer.
Could you explain the difference between RRB and milestone billing from a technical and business point of view ?
Which scenario would you recommand ?

Thanks in advance,

[Vivek_Savant]

Hello @Vima 

Here is a blog that explains the difference between RRB and Milestone billing. You can review it to determine which option best suits your business needs

Difference between millstone billing and resource related billing

Best Regards

Vivek Savant

[Vima]

Hello @vivek53

Thanks for your help. I went through the explaination, not sure to get it clearly. Will see if other members have a clearer explaination.

Regards,
Vima

[Vivek_Savant]

Hello @Vima 

Resource-Related Billing

Definition : Billing is based on the actual resources (e.g., materials, labor hours, or services) consumed during the execution of a project or service order

Example :

• Billing a client for 20 hours of consulting services provided in a specific period.
• Charging for spare parts used in a machine repair.

Milestone Billing

Definition : Billing is triggered at predefined stages or milestones in a project, regardless of actual resource usage.

Example :

• Billing 30% of the total contract value upon project initiation.
• Issuing an invoice when a construction project reaches 50% completion.

Best Regards
Vivek Savant

[Vima]

@vivek53, Crytal Clear ! Many thanks 🙂

[Dominik_Tylczynski]

Hello @Vima 

Resource-Related Billing is pretty much like time & materials - a customer pays for what has been consumed or used during a project. 

Milestone Billing - the customer pays once a project milestone is achieved.

Best regards

Dominik Tylczynski