Price Item Pricing

Oracle Revenue Management and Billing offers a new simplified price assignment screen while assigning a price item to a person, account, or a price list. This screen built on Oracle's Redwood design principles provides a single-step pricing model with two modes – Basic and Advanced. It facilitates you with the following:

  • Basic view with a pricing matrix that enables you to quickly define a flat, step, or threshold pricing for the price item.

  • Advanced view that provides ability to define additional tiers for step and threshold pricing, eligibility criteria, etc.

  • Advanced copy pricing option which enables you to either copy the entire pricing for a new price item or create a new pricing for the same price item using an existing pricing.

  • Preview option which enables you to view the entire pricing details in a single screen.

  • Separate screen or a delineated section to define tiering parameters if they are different from the pricing parameters. These tiering parameters are then applicable to all the step and threshold pricing tiers.

  • Define complex pricing model when the rate schedule includes both flat and step or threshold rate components in both basic and advanced modes.

  • Define cross pricing model when the rate schedule includes both step and threshold rate components in the advanced mode.

  • Clearly distinguish mandatory fields using the visual cues (i.e., asterisk symbol).

  • Minimal steps, navigation, and clicks for a seamless user experience and improved efficiency.

Until now, you were able to assign a price item to a person, account, or a price list using the Assign icon in the Search Price Item or Price Item Pricing zone from the respective screen. Now, a new button named Add is added in the Effective Price Assignments for Person, Effective Price Assignments for Account, and Price List Price Items zones of the Pricing (Person), Pricing (Account), and Price List Price Item Pricing screens, respectively. Once you select the price item for which you want to define the pricing, the icon in the extreme right-corner of the screen is enabled. It enables you to select the following panels – Parameter, TFM Information, Deal Information, and Additional Attributes. Each panel enables you to define the respective information.

Once the rate schedule is selected, the Basic-Advanced toggle button is enabled. It enables you to switch between two modes – basic and advanced. The basic mode enables you to do the following for the respective pricing model:

  • Flat – Define rates for the rate component.

  • Threshold – Define rates for the required threshold tiering ranges of the rate component.

  • Step – Define rates for the required step tiering ranges of the rate component.

  • Complex Pricing – Define flat and threshold or step rates for the rate components.

  • Cross Pricing – Define threshold and step rates for the rate components.

The advanced mode enables you to define additional information apart from the pricing information, such as additional tiers and eligibility criteria. You can store the pricing, if required, in the draft mode. However, on saving the pricing, the system sets the status of the pricing to Active. On overriding or editing a price assignment, the system now invokes the new price assignment screen. Note that while editing a price assignment, you cannot store the changes in the draft mode.

You can opt to configure approval workflow for the price assignment. If the approval workflow is configured for price assignment, the system will create the price assignment in the Pending In Approval status. The approver can approve or reject the price assignment based on the observations. If the approver approves a price assignment, the system changes the status of the price assignment to Active. However, if the approver rejects a price assignment, the system deletes the price assignment (in the Pending In Approval status) from the system.

The Preview button in the new price assignment screen allows you to view all the pricing details in a single screen before you finalize and save them. Note that, in the preview mode, the system only lists the tiers which are defined in the pricing. Until now, you were able to create a new pricing for the price item using an existing pricing using the Copy Pricing feature. Now, in addition, you can copy the entire pricing for a new price item using the Copy Pricing feature.

In addition, the new screen facilitates you to define two-dimensional pricing. Note that the Basic-Advanced toggle button is disabled whenever you select the Two-Dimensional Pricing option. This is because these modes are not applicable while defining a two-dimensional pricing. Note that the Two-Dimensional Pricing option is enabled when you select a rate schedule which has only STEP rate components.