Annual versus anniversary billing

iMIS Billing can be processed on either an annual basis in which all renewing customers are billed based upon a fixed term such as a fiscal year, or on an anniversary basis in which the renewal billing is tied to the anniversary of the join date or initial term begin date for the cyclical product. iMIS can perform a mixture of annual and anniversary billing processes. It is entirely possible for a customer to be billed on an annual basis for membership dues and on an anniversary basis for an independently billed subscription, or vice versa.