Copying a Price Item or Price Item Bundle
Instead of creating a price item or price item bundle from scratch, you can create a new price item or price item bundle using an existing price item or price item bundle. This is possible through copying a price item or price item bundle. On copying a price item or price item bundle, the details including the following are copied to the new price item or price item bundle:
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Parameters and Divisions associated with the price item or price item bundle
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SQIs associated with the price item or price item bundle for the divisions
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Division-specific characteristics of the price item or price item bundle
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Accrual type criteria of the price item or price item bundle for the divisions
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Hierarchy entity to which the price item or price item bundle is associated in the divisions
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Cost of the price item or price item bundle for the divisions
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Average price floor and ceil limits of the price item or price item bundle for the divisions
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Negotiability floor and ceil values of the price item or price item bundle for the required divisions
You can then edit the details, if required.
Prerequisites
To copy a price item or price item bundle, you should have:
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Price item or price item bundle (whose copy you want to create) defined in the application
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Price item or price item bundle (whose copy you want to create) associated with the division to which the user (i.e. who is performing this action) belongs
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Contract types, To Do types, and To Do roles defined in the application
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To Do roles associated with the required To Do type
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Value defined for the Default Contract Type option type in the C1_PRICING feature configuration
Procedure
To copy a price item or price item bundle:
- Search for the price item or price item bundle in the Price Item screen.
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In the Search Results section, click
the Duplicate (
) icon in the Duplicate column corresponding to the price item or price item bundle whose copy you want to create.
The Price Item screen appears. It contains the following sections:
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Main - Used to specify basic details about the price item or price item bundle.
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Parameters - Used to associate a parameter with the price item or price item bundle. These associated parameters are then used for aggregating transactions and/or for defining the price item pricing.
Note:The Parameters section appears in the Price Item screen when the Multi Price Parameter option type of the C1_PPARM_FLG feature configuration is set to True.
You cannot associate parameters to the ratio and phantom price item bundles. Therefore, while defining a ratio or phantom price item bundle, the Parameters section does not appear in the Price Item screen.
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Divisions - Used to associate the price item or price item bundle with one or more divisions. In addition, it enables you to:
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Associate the service quantity identifiers (SQIs) with the price item or price item bundle for a division
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Define the accrual type criteria of the price item or price item bundle for a division
Note: This step is not applicable for the health insurance business. -
Associate the price item or price item bundle with a hierarchy entity in an entity hierarchy relationship of a division
Note: This step is not applicable for the health insurance business. -
Define the cost of the price item or price item bundle for a division
Note: This step is not applicable for the health insurance business. -
Define the average price floor and ceil limits of the price item or price item bundle for a division
Note: This step is not applicable for the health insurance business. -
Define the negotiability floor and ceil values of the price item or price item bundle for a division
Note: This step is not applicable for the health insurance business. -
Define the division-specific characteristics for the price item or price item bundle
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Price Item Characteristics - Used to define characteristics (which are applicable across divisions) for the price item or price item bundle.
The Main section contains the following fields:
Field Name Field Description Mandatory (Yes or No) Price Item Used to specify the price item or price item bundle. Yes Description Used to specify the description for the price item or price item bundle. Yes Price Item Usage Used to indicate whether the price item or price item bundle is available for pricing or pricing and billing. The valid values are: -
Pricing - Used when you want to define pricing for the price item or price item bundle, but no charges should be created against it in the system.
Note: This option is not applicable for the health insurance business. -
Pricing and Billing - Used when you want to define pricing and create charges for the price item or price item bundle in the system.
Yes Price Item Type Used to indicate the type of the price item or price item bundle. The valid values are: -
Rate - Used when you want to create a rate based price item or price item bundle. For example, savings, current, and loan interest services (i.e. price items) are rate based price items.
Note: This option is not applicable for the health insurance business. -
Fees - Used when you want to create a fee based price item or price item bundle. For example, debit credit service (i.e. price item) is a fee based price item.
Note:This field appears when the Pricing option is selected from the Price Item Usage list.
You cannot create a price item bundle when the Pricing option is selected from the Price Item Usage list and Rate option is selected from the Price Item Type list.
The system automatically sets the price item type of those price items or price item bundles which are available for pricing and billing to Fees. Therefore, this field does not appear when the Pricing and Billing option is selected from the Price Item Usage list.
Yes Bundle Used to indicate whether you want to create a price item bundle. The valid values are: -
Yes
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No
Note: This field is not applicable for the health insurance business.Yes Bundle Type Used to indicate the type of the price item bundle. If thePricing and Billing option is selected from the Price Item Usage list, the valid values are: However, if the Pricing option is selected from the Price Item Usage list and the Fees option is selected from the Price Item Type list, you can only define a regular price item bundle. Therefore, by default, the value is set to Regular.
Note:This field appears when the Yes option is selected from the Bundle list.
This field is enabled when the Pricing and Billing option is selected from the Price Item Usage list and the Yes option is selected from the Bundle list.
You cannot define a price item bundle when the Pricing option is selected from the Price Item Usage list and Rate option is selected from the Price Item Type list.
This field is not applicable for the health insurance business.
Yes (Conditional) Note: This field is required when you are creating a price item bundle.Global Price List Used to indicate whether the price item or price item bundle can be assigned to a global price list. The valid values are: -
Yes
-
No
Yes Contract Type Used to indicate the contract type that you want to associate with the price item or price item bundle. Note:This field appears when the Pricing and Billing option is selected from the Price Item Usage list.
The Search (
) icon appears corresponding to the Contract Type field. On clicking the Search icon, the Contract Type Search window appears.
Yes Price Item Manager To Do Type Used to indicate the To Do type using which a To Do should be created when the deal creator or approver requests the price item manager (i.e. clicks the Send Price Items for Approval button) to approve the average price for the price item or price item bundle offered in a deal. Note:The Search (
) icon appears corresponding to the Price Item Manager To Do Type field. On clicking the Search icon, the To Do Type Search window appears.
On specifying the To Do type, the description of the To Do type appears corresponding to the Price Item Manager To Do Type field.
This field is not applicable for the health insurance business.
No Price Item Manager To Do Role Used to indicate that users with the specified To Do role can approve the average price for the price item or price item bundle offered in a deal. Note that the price item manager can approve the average price when it is within the average price floor and ceil limits defined for the To Do role. Note:The list appears when the price item manager To Do type is selected from the respective field. It includes only those To Do roles which are associated with the price item manager To Do type.
This field is not applicable for the health insurance business.
Yes (Conditional) Note: This field is required when the price item manager To Do type is specified for the price item or price item bundle.Floor and Ceiling Type Used to indicate the manner in which you want to define the average price floor and ceil limits for the price item or price item bundle. The valid value is: -
Absolute Value Range - Used when you want to define the average price floor and ceil limits in the absolute values. For example, the average price for the price item or price item bundle should be between 10$ to 15$.
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Spread Amount - Used when you want to define the average floor and ceil limits based on the spread amount.
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Spread Percentage – Used when you want to define the average floor and ceil limits based on the spread percentage.
Note:-
Incase of Spread Amount and Spread Percentage options, the system calculates the average price of a price item and based on the average price and the spread amount or spread percentage, the average floor and ceil limits are derived.
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This field is not applicable for the health insurance business.
Yes (Conditional) Note: This field is required when you are defining the average price floor and ceil limits of the price item or price item bundle for a division.Sort Sequence Used to specify the sequence in which the price item should appear in the price item hierarchy of the deal pricing management module. No Variable Price Used to indicate whether the system inherits the pricing of the price item from the price list while orchestrating a deal in the deal pricing management module. Note:If the Variable Price option is selected, the pricing offered for a price item to an entity in the deal is overridden when the price list pricing is changed after orchestrating the deal in the system.
However, if the Variable Price option is not selected, the pricing offered for a price item to an entity in the deal is not overridden when the price list pricing is changed in the system. This enables the relationship manager to create deals for an existing customers, accounts, and prospects where the pricing of the price items are fixed for a particular timeframe.
No -
- Enter the required details in the Main section.
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Associate, edit, or disassociate parameters from the price
item or price item bundle, if required.
Note: For each predefined parameter which is associated with the price item or price item bundle, you can define a set of valid predefined parameter values for the price item or price item bundle, if required.
- Associate or disassociate the price item or price item bundle from the required divisions.
- Associate or disassociate the SQIs from the price item or price item bundle for the required divisions.
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Define, edit, or remove the accrual type criteria of the
price item or price item bundle from the required divisions.
Note: This step is not applicable for the health insurance business.
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Associate or disassociate the price item or price item
bundle from a hierarchy entity in an entity hierarchy relationship
of the required divisions.
Note: This step is not applicable for the health insurance business.
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Define, edit, or remove the cost of the price item or price
item bundle from the required divisions.
Note: This step is not applicable for the health insurance business.
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Define, edit, or remove the average price floor and ceil
limits of the price item or price item bundle from the required
divisions.
Note: This step is not applicable for the health insurance business.
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Define, edit or remove the negotiability floor and ceil
values of the price item or price item bundle for the required
divisions.
Note: This step is not applicable for the health insurance business.
- Define, edit, or remove the division-specific characteristics from the price item or price item bundle. if required.
- Define, edit, or remove characteristics of the price item or price item bundle, if required.
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Click Save.
The new price item is defined.Note:
While creating a price item or price item bundle which is available for pricing, the contract type specified in the Default Contract Type option type of the C1_PRICING feature configuration is automatically associated to the price item or price item bundle.
The system allows you to add a price item to the new price item bundle when:
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Price item and price item bundle (whose copy you are creating) are associated to the same contract type.
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Price item is associated with the division to which the price item bundle (whose copy you are creating) is associated.
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Another price item bundle with the same price item, relationship type, and date range combination does not exist in the system.
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Related Topics
For more information on... | See... |
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How to search for a price item or price item bundle | Searching for a Price Item or Price Item Bundle |
How to associate a parameter with a price item or price item bundle | Associating a Parameter with a Price Item or Price Item Bundle |
How to associate a price item or price item bundle with a division | Associating a Price Item or Price Item Bundle with a Division |
How to associate an SQI with a price item or price item bundle for a division | Associating an SQI with a Price Item or Price Item Bundle for a Division |
How to define the accrual type criteria of a price item or price item bundle for a division | Defining the Accrual Type Criteria of a Price Item or Price Item Bundle for a Division |
How to associate a price item or price item bundle with a hierarchy entity in an entity hierarchy relationship of a division | Associating a Price Item or Price Item Bundle with a Hierarchy Entity in an Entity Hierarchy Relationship of a Division |
How to define the cost of a price item or price item bundle for a division | Defining the Cost of a Price Item or Price Item Bundle for a Division |
How to define the average price floor and ceil limits of a price item or price item bundle for a division | Defining the Average Price Floor and Ceil Values of a Price Item or Price Item Bundle for a Division |
How to define the rate negotiability floor and ceil values of a price item or a price item bundle for a division | Defining the Rate Negotiability Floor and Ceil Values of a Price Item or Price Item Bundle for a Division |
How to define a division-specific characteristic for a price item or price item bundle | Defining a Division-Specific Characteristic for a Price Item or Price Item Bundle |
How to define a characteristic for a price item or price item bundle | Defining a Characteristic for a Price Item or Price Item Bundle |
How to set the C1_PRICING feature configuration | Setting the C1_PRICING Feature Configuration |