Variance Pricing Statuses

When entering variance pricing rate changes, each row is assigned a status. The statuses are set and controlled by the system and control the type of action or processing that can occur against the variance rate row. The rate target sequence statuses are:

• Pending: Appears by default when a new variance rate row is added.

  Only one pending rate row may be entered at a time for a target definition. When a variance pricing rate row is in pending status:

  • The rate field is editable.

  • The rate cannot be selected and used for pricing.

  • The rate displays only on the Rate Variance History page and does not appear on the Target page for the rate set.

• Active: After the new variance pricing rate is entered, and the Variance Pricing process is run for the rate set, the system updates the status of the new rate to Active.

  Only one active rate row may exist at a time for a target definition. When a variance pricing rate row is in active status:

  • The rate field is display only and cannot be edited.

  • The new rate is selected and used for pricing by the Variance Pricing and the Pricing processes.

  • The new rate is displayed on the Target page for the rate set and is associated with a sequence number.

• Inactive: After the new variance pricing rate is active, the previous rate row is set to an inactive status by the Variance Pricing process.

  Multiple inactive rate rows can exist for a target definition. When a variance pricing rate row is in an inactive status:

  • The rate field for the inactive row is display only and cannot be edited.

  • The old rate cannot be selected and used for pricing.

  • Inactive rates are displayed only on the Rate Variance History page.