Siebel Hospitality Guide > Working with Quote and Order Pricing > Function Space Pricing >

Function Line Item and Revenue Data Repricing

The user can recalculate the pricing for functions, roll up line item changes, and revise revenue data using the Reprice All and Refresh buttons. The Reprice, Reprice All, and Refresh buttons appear on the following views:

Reprice

• Quotes Functions view
• Orders Functions Line Items view
• Functions screen's Function List view

Reprice All

• Order Functions Line Items view
• Quotes Functions view
• Functions screen's Function list view

Refresh

• Quote Functions view
• Quote Summary view

Reprice Button

The Reprice button is used to recalculate the price of individual functions when new functions are added or function space is changed. Multiple functions can be selected and repriced at the same time. If Reprice is launched from the Orders Functions view or Quotes Functions view, the selected line items are repriced.

When the user clicks Reprice, new catering products are priced, and existing catering products are repriced for the selected functions.

Reprice All Button

The Reprice All button is used to recalculate the price of all the functions in the function list. Reprice All is typically used when pricing is desired for items previously flagged for pricing bypasses or if a new pricing scenario is being explored at the sales prospect stage. If Reprice All is launched from the Orders Functions view or the Quotes Functions view, all of the line items are repriced at the same time.

When Reprice All is clicked, the following actions occur:

• The room rental amounts are aggregated for all functions since room rental charges change depending on the day of the week.
• The required threshold is calculated.
• All catering products for the quote are repriced.
• Catering revenue and profit is calculated.
• The Profit threshold variance is calculated.
• Revenue threshold variance is calculated again.

Refresh Button

The Refresh button is used to roll up line item changes and recalculate revenue data that appears in the quote's Function Revenue Estimates view after changes are made to the line items. If there are no line item changes, no action occurs when the button is clicked.

When a change is made to a line item, the Need Refresh flag appears to remind users that the Refresh button must be clicked for revenue recalculation. Clicking Refresh in the quote's Functions view rolls up revenues from the line items to the function, and then to the quote. If the Line Item Sum flag is selected, then the sum of the line items is rolled up to the quote level; otherwise, the projected revenue values are rolled up to the quote level.

Clicking Refresh from the Quote Summary view rolls up revenue from sleeping rooms and functions to the quote level.

When Refresh is clicked, the following actions occur:

• Catering revenue and profit is updated to reflect the updated revenue and profit of the selected functions.
• The Profit Threshold Variance is calculated.
• The Profit Variance is updated.
• The Required Threshold is recalculated.
• The Revenue Threshold Variance is recalculated.