Negotiate Rate Plans in Sales Order Currency

Take a rate plan that's in the price list's currency and process or negotiate it in the sales order's currency. You can also view usage rates in the order's currency. You can currently do these things only in the price list's currency.

Use this feature to:

  • Process a rate plan in the sales order’s currency when the price list uses a different currency.
  • Negotiate a rate plan in the buyer’s transaction currency instead of the price list currency.
  • Use an opt-in to process or negotiate the rate plan only in the price list currency.
  • View usage charges for a rate plan in the sales order currency.
  • Rate usage directly in the transaction currency so pricing applies the correct value for each charge.

Realize these benefits:

  • Be more flexible. Process, negotiate, and rate in different currencies so you can support your international process and each global customer.
  • Simplify operations. Manage rate plan in the price list currency and negotiate them in sales order currency.
  • Negotiate clearly. Work in the customer’s local currency so you and the buyer see the same numbers.
  • Display transparent pricing. Display one-time, recurring, and usage charges in the customer’s transaction currency.
  • Keep finance consistent. Link the rate plan, subscription, and transaction in the same currency so you can easily reconcile transactions.
  • Strengthen the audit trail. Maintain full visibility of the currency's context across sales orders.

Steps to Enable and Configure

You can negotiate rate plans in the price list's currency and the sales order's currency in update 26A without having to opt in to any new features.

If you need to negotiate only in the price list's currency, then you must opt in to the Negotiate Rate Plans Only in Price List's Currency feature.

Tips And Considerations

Access Requirements

Users who are assigned a configured job role that contains these privileges can access this feature:

Pricing Administrator:

  • Manage Price Lists (QP_MANAGE_PRICE_LISTS_PRIV)

Order Entry Specialist:

  • Initiate Order (FOM_CREATE_ORDER_PRIV)
  • Revise Order (FOM_REVISE_ORDER_PRIV)

These privileges were available before this update.