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How to realize the revenue in phases for an opportunity

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Dear Experts,

I am using opportunity to capture est revenue. Now let's say the total revenue is 1 million however the customer will pay in chunks as milestones and not in bulk. Once the entire revenue is received/realized I should be closing the opportunity as Won to reflect the total revenue. So how should I capture the revenues realized in chunks which is paid by the customer against the opportunity. I know contracts can address it however do I need to renew the contract every time a new payment is done by the customer to reflect the payment realization against the opportunity and remaining amount else is there any alternate solution? Personally I don't like the contract functionality in crm.

Just to summarize - In a view that customer does not pay as one single payment How to capture the revenues realized in chunks against one opportunity.

Thanks in advance

Cheers

PS


Sunny


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