Invoicing Policy
This invoicing policy (“Invoicing Policy”) describes the terms under which Actimize will invoice the Customer for the Fees for the Software and Services.
1. Definitions:
“Effective Date” means the effective date of the applicable Ordering Document that sets forth the Fees for the Software or Services being purchased.
“Minimum Commitment” means the minimum committed amount, whether expressed in units or currency, of Software or Services described in an Order.
“Variance” means the amount of Software or Services usage in excess of the Minimum Commitment, the Scope of Use, or the Services description set forth in an Ordering Document.
2. Invoicing. Actimize or its Affiliates may invoice for Software or Services as follows:
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Table No. 1 - Invoicing
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Invoice Type |
Offering Type |
Invoice Start Date |
Invoice Frequency |
Invoicing for Variance |
Renewal Invoicing |
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Cloud Services |
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Annual Model for Enterprise offerings |
Cloud Service |
Effective Date
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100% in advance |
Quarterly in arrears |
60 days in advance of the anniversary of the Effective Date |
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Annual Model for Premier offerings |
Cloud Service |
100% in advance |
Quarterly in arrears at 120% of the per unit Fee.
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On-Prem Software and Support |
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Fixed Price |
Software (Perpetual License) |
Delivery Date
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100% in advance |
Per the Compliance Verification Process set forth in the On-Prem Terms of Use
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N/A |
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Annual Model |
Software (Term License) |
100% in advance |
60 days prior to the anniversary of the Delivery Date |
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Annual Model |
Support |
100% in advance |
N/A |
60 days prior to the anniversary of the Delivery Date |
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Professional Services |
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Subscription (Managed Services) |
Managed Services |
Effective Date |
Annually in advance |
N/A |
60 days in advance of the anniversary of the Effective Date |
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Fixed Price (one-time charges) |
Professional Services |
100% in advance |
Per Change Order |
N/A |
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Time and Material |
Professional Services |
Per SOW |
Monthly in arrears |
Per Change Order |
N/A |
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Travel and Expenses |
Per the SOW and in accordance with NICE’s Travel and Expense Policy |
Monthly in arrears |
N/A |
N/A |