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12.1.0
Yokohama, Xanadu, Washington DC, Vancouver
The Price Management application is a critical component that enables businesses to efficiently and accurately handle the pricing of their products and services. This application is designed to streamline and optimize the pricing process, ensuring that opportunities, quotes, and orders provided to customers are competitive, consistent, and aligned with the company's overall pricing strategy.
- Define currency-based price lists and account price lists
- Define prices for simple and configuration products
- Define recurring and one-time prices
- Support product attribute-based pricing
- Support non-product attribute-based pricing in the form of price adjustments
- Pricing engine that calculates prices based on all dimensions in real-time based on the products selected on opportunity, quote, or order
- Support extension points to customize pricing engine behavior
- Support cost books to provide visibility to margins
- Support for sales agreement-based price lists
New
- Addition of new Pricing Plan step - Apply Renewal Adjustment. This new step determines whether a contract renewal adjustment, either a markup or markdown amount or percentage, is to be calculated and applied. This renewal adjustment step is enabled by default, but you can change or remove it in a custom configurable pricing plan.
- Extension point updates: The ListPriceExtensionPoint, which gathers the data needed to make required adjustments, now includes the adjustment data for contract renewals.
Price Management is dependent upon Product Catalog Management core.