Assigning a Price Item to an Account

Note: This topic is not applicable for the health insurance business.

Prerequisites

To assign a price item to an account, you should have:

  • Transactions mapped to the price item defined in the application

  • Rate schedules, rate versions, and rate components defined in the application

  • Parameters associated with the price item (in case you want to define price item pricing based on multiple parameters)

Procedure

To assign a price item to an account:

  1. Search for the account in the Customer 360° View screen.
  2. In the Search Results section, click the Show Context Menu (The Context Menu Icon) icon corresponding to the account whose details you want to view.
    A menu appears.
  3. Click the Go To Effective Pricing menu option.
    The Pricing (Account) screen appears.
  4. Search for the price item that you want to assign to the account in the Search Price Item or Price Item P ricing zone.
  5. In the Search Results section, click the Assign (The Assign Icon) icon in the Assign column corresponding to the price item that you want to assign to the account.

    The Price Item Pricing screen appears. It contains the following sections:

    • Main - Used to specify basic details about the price item pricing.

    • TFM Information - Used to specify the transaction feed management information about the price item pricing.

      Note: This section appears in the Price Item Pricing screen when the value for the Show Default Values in Price Item Pricing option type for C1_​FM feature configuration is set to Y and Price Item Available For is Pricing and Billing.

    • Characteristics - Used to define the characteristics for the price item pricing.

    • Price Item and Parameter Information - Used to define the parameter details segment for the price item pricing.

      Note: This section appears when Price Assignment Type is Processing.

    The Main section contains the following fields:

    Field Name Field Description Mandatory (Yes or No)
    Start Date Used to specify the date from when the price item pricing is effective.
    Note:

    By default, the current system date appears in this field.

    The effective start date cannot be later than the effective end date.

    		 Yes
    End Date Used to specify the date till when the price item pricing is effective.
    Note: The effective end date cannot be earlier than the effective start date.
    		 No
    Price Assignment Type Used to indicate the type of price assignment. The valid values are:

    • Regular - Used to indicate that the pricing must be used to generate regular bill segment.

    • Post Processing - Used to indicate that the pricing must be used to generate post processing bill segment. This type of price assignment can be done on usage accounts. The post processing bill segment is generated when you generate the bill for the usage account and not when you bill the usage account through an invoice account.

      Note:

      The post processing bill segment is generated when the Post Processing Sequence (PPSEQ) characteristic is defined for the price item and when the price item is associated with another price item using the Price Item relationship type.

    • Post Processing - Invoice Based - Used to indicate that the pricing must be used to generate post processing bill segment. This type of price assignment can be done on an invoice account, and, as a result, the post processing bill segment is generated on the invoice account.

      Note: This will not be applicable for price item which are defined for Only Pricing.

    • Post Processing - Price Item Based - Used to indicate that the pricing must be used to generate post processing bill segment. This type of price assignment can be done on both invoice and usage accounts, but the post processing bill segment is generated only on the invoice account.

      Note: This will not be applicable for price item which are defined for Only Pricing.
    		 Yes
    Pricing Eligibility Used to select pricing eligibility criteria for price item pricing. No
    Pricing Status Used to indicate the status of the price assignment. The valid values are:

    • Draft - Indicates that the price assignment is created as a draft.

    • Proposed - Indicates that the price assignment is used for quotations.

    		 Yes
    Pricing Currency Used to indicate the currency in which you want to define the price item pricing. Yes
    Rate Schedule Used to specify the rate schedule that you want to use while defining price item pricing.
    Note:

    Rate schedules control how the bills for the price item will be calculated.

    The Search (The Search Icon) icon appears corresponding to this field. On clicking the Search icon, the Rate Schedule Search screen appears.

    		 Yes
    Pricing Rule Type Used to indicate the pricing rule type. The valid value is:

    • Two-Dimensional

    		 Yes (Conditional)
    Note: This field is required when you are defining a two-dimensional pricing rule.
    Print Zero Used to indicate whether zero pricing should be displayed in the bill. The valid values are:

    • Yes

    • No

    Note: By default, Yes is selected.
    		 Yes
    Pricing Frequency Used to indicate pricing frequency for the price item.
    Note: This field appears when Price Item is defined as Only Pricing and Price Item Type is defined as Fees.
    		 Yes
  6. Enter the required details in the Main section.
  7. Define TFM Information in a price item pricing, if required.
  8. Define characteristics for a price item pricing, if required.
  9. Define parameters for a price item pricing, if required.
  10. Click Save.
    The pricing is defined for the price item.
    Note: A bundle cannot be assigned if its child price items are already assigned to an account and vice versa, in the same date range.

Related Topics

For more information on... See...
How to search for an account Searching for an Account
Pricing (Account) screen Pricing (Account)
Search Price Item or Price Item Pricing zone Search Price Item or Price Item Pricing
How to define a characteristic for a price item pricing Defining a Characteristic for a Price Item Pricing
How to define parameters for a price item pricing Defining a Parameter for a Price Item Pricing
How to define TFM Information in a price item pricing Defining TFM Information in a Price Item Pricing