Defining a Price Item Pricing

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

Prerequisites

To define pricing for a price item, you should have:

  • Transactions mapped to the price item defined in the application

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

  • Tiering criteria defined in the application

  • Tiering setup for the rate components defined in the application

  • Pricing eligibility defined in the application

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

  • Currencies defined in the application

Procedure

To define a price item pricing:

  1. Do either of the following:
    If you want to...Then...
    Define pricing for a price item that you want assign to a customer

    1. Ensure that the Search Price Item or Price Item Pricing zone is expanded in the Pricing (Person) screen when you are defining the price item pricing for a customer.

    2. Search for the price item in the Search Price Item or Price Item Pricing zone.

    3. 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 customer.
    Define pricing for a price item that you want assign to an account

    1. Ensure that the Search Price Item or Price Item Pricing zone is expanded in the Pricing (Account) screen when you are defining the price item pricing for an account.

    2. Search for the price item in the Search Price Item or Price Item Pricing zone.

    3. 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.
    Define pricing for a price item that you want assign to a price list

    1. Ensure that the Search Price Item or Price Item Pricing zone is expanded in the Price List Price Item Pricing screen when you are defining the price item pricing for a price list.

    2. Search for the price item in the Search Price Item or Price Item Pricing zone.

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

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

    • Deal Information - Used to specify how the average price floor and ceil limits of the price item pricing is mapped to a deal.

    • TFM Information - Used to specify the transaction feed management information mapped to 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 a list of characteristics for the price item pricing.

    • Price Item and Parameter Information - Used to specify the parameters based on which the price item pricing is defined.

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

    • Commitments - Used to specify the following details about the pricing and commitments for the price item pricing:

      • Division-specific cost for the price item

      • Division-specific floor and ceil values for the price item

      • Division-specific negotiability floor and ceil values for the price item

    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 pricing of the price item is effective.
    Note:

    The Start Date cannot be later than theEnd Date.

    If you change the start date and the end date while editing a price item pricing, you need to specify the parameters which are effective during that date range.

    This field will be in read-only mode when the price assignment has been used.

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

    • 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.

    • Used to define the pricing eligibility criteria for

      the price item pricing.

      Used to define the pricing eligibility criteria for the price item pricing.

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

    Note:

    By default, theRegular option is selected in the Price Assignment Type field.

    This field is not applicable for price items which are defined for Pricing and where the Price Item Type field is set toFees.

    		 Yes
    Pricing Eligibility Used to define the pricing eligibility criteria for the price item.
    Note: If you select the check box you can define the pricing eligibility criteria of the price item in the Price Component zone.
    		 Yes (Conditional)
    Note: This field is required while defining the pricing eligibility criteria of the price item.
    Pricing Status Used to indicate the status of the price assignment. The valid values are:

    • Draft - Used to indicate that the price assignment is created as a draft.

    • Active - Used to indicate that the price assignment is used for billing.

    • Inactive - Used to indicate that the price assignment is no longer used for billing.

    • Proposed - Used to indicate that the price assignment is to be used for quotations.

    • Template - Used to indicate that the price assignment is a template price list.

    Note:

    If a price assignment is in Active status, you can change its status to Inactive.

    If a price assignment is in Draft status, you cannot change its status to Proposed.

    		 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 controls how the bills for the price item will be calculated.

    The Search (The Search Icon) icon appears corresponding to the Rate Schedule 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

    Note:

    If you select the Two-Dimensional option from the Pricing Rule Type list, you can define two-dimensional pricing for the price item.

    However, if you do not select the Two-Dimensional option from the Pricing Rule Type list, you can define traditional flat, step, or tiered pricing for the price item.

    Also, you need to select the Pricing Eligibility option check box while defining a two-dimensional pricing for the price item.

    		 Yes (Conditional)
    Note: This field is required for 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
    Price Assignment Usage Used to indicate whether the price item pricing is applicable to all customers or only to new customers. The valid values are:

    • All Customers

    • New Customers

    Note:

    By default, the All Customers option is selected.

    This field appears when you are defining a price item pricing which you want to assign to a price list.

    		 Yes
    Pricing Frequency Used to indicate pricing frequency for the price item.
    Note: This field appears when you select the Price Item Usage as Pricing and Price Item Type as Fees while defining the price item.
    		 Yes
  2. Enter the required details in the Main section.
  3. Define the deal information for the price item pricing in the Deal Information section.
  4. Define the transaction feed management information for the price item pricing in the TFM Information section.
  5. Define the characteristics for the price item pricing in the Characteristics section.
  6. Define parameters for the price item pricing in the Price Item and Parameter Information section.
  7. Define the division-specific cost of the price item in the Commitments section, if required.
  8. Define the division-specific average price floor and ceil limits of the price item in the Commitments section, if required.
  9. Define the division-specific rate negotiability floor and ceil limits of the price item in the Commitments section, if required.
  10. Click Save
    The pricing item pricing is defined.

Related Topics

For more information on... See...
Pricing (Person) screen Pricing (Person)
Search Price Item or Price Item Pricing zone Search Price Item or Price Item Pricing
Pricing (Account) screen Pricing (Account)
Search Price Item or Price Item Pricing zone Search Price Item or Price Item Pricing
Price List Price Item Pricing screen Price List Price Item Pricing
Search Price Item or Price Item Pricing zone Search Price Item or Price Item Pricing
Price Item Pricing screen Price Item Pricing (Used for Viewing)
How to define the deal Information in a price item pricing. Defining the Deal Information in a Price Item Pricing
How to define the TFM Information in a price item pricing. Defining TFM Information in a Price Item Pricing
How to define a characteristic for a price item pricing. Defining a Characteristic for a Price Item Pricing
How to define a parameter for a price item pricing. Defining a Parameter for a Price Item Pricing
How to define a division-specific cost of a price item in the price item pricing Defining the Division-Specific Cost of a Price item in the Price Item Pricing
How to define a division-specific average price limit of a price item in the price item pricing Defining the Division-Specific Average Price Limits of a Price item in the Price Item Pricing
How to define a division-specific rate negotiability limit of a price item in the price item pricing Defining the Division-Specific Rate Negotiability Limits of a Price item in the Price Item Pricing