Add Coverage Products

Add coverage products to your subscription to specify what you're selling. Once you add products, you can establish coverage duration, add billed amount, configure credits, add covered levels, and more.

See the Add Subscription Product topic for information on how to add products. Additionally, you can also select the Summarized Billing option for coverage and coverage-based services. If enabled, this feature displays the bill in a summarized format. Otherwise, the application displays all the pricing items as separate line items.

Add Covered Levels

The application supports asset, product, party, customer account, party site, asset group , and product group as covered levels. Use Add Assets to search and select multiple assets. Use Add Covered Levels to select one asset, product, party, customer account, party site, asset group, or product group at a time. After you add a coverage product, then the Covered Levels subtab is available for that coverage product.

1. Go to the Covered Levels page.

2. Click Add Assets.

3. Search for assets that are covered in the subscription.

   You can optionally specify components within the asset to be covered. The assets can be serialized or non-serialized.

4. Click Ok.

5. Click Add Covered Level.

6. On the Add Covered Level page, select the covered level type.

   Depending on your selection, the Covered Levels section displays fields for asset, product, party, customer account, party site, asset group, and product group. You can update the Number of Assets and Unit Price fields as needed to generate the billing schedule based on duration.

7. Click Save and Continue to go to Edit Covered Level page, where you can configure the covered level.

8. Add adjustments on the Pricing page.

   You can apply one or multiple discretionary discounts on the net price or list price. You can also add manual adjustments to the products.

9. See billing of the covered level on the Billing Summary subtab.

   Click amount to see a break-up of the different price components of the line.

10. Click Save and Close to go back to the Covered Level page.

11. Click Save to go to the Edit Product page.

12. See the charges for all the line items and the summary of the bill on the Billing Summary subtab.

View Billing Summary

Here you can view the detailed bill of all the products you have added or summarized bills of the coverage products you have added.

• Summarized Billing: If you selected Summarized Transactions, then the application groups bill lines across all covered lines by charge definition for a specific period. The application displays the bill lines at the coverage product level.

  • For coverage products, the application generates the summarized bill lines by grouping by charge name for a specific period. The invoice text is rendered when the summary is generated. The application only displays summarized bill lines in the coverage product billing summary region. These are interfaced with Accounts Receivables.

  • For covered levels, the application displays the bill lines of the covered levels in the covered level billing summary region.

• Detailed Billing: If you haven't selected Summarized Transactions, then the application displays bill lines across all products as separate line items.

  • For coverage products, the application displays all the rolled-up bill lines from all active covered levels in the billing summary region of the coverage product.

  • For covered levels, the application displays all the bill lines of the covered level on the covered level billing summary page.

  All detailed bill lines are interfaced with Accounts Receivables.