How to set up the CPQ advanced calculator in Salesforce?
The Calendar Monthly + Daily method, and the Day With Calendar Month Weighted method only calculate correctly if your org is set up to use the CPQ Advanced Calculator. To use the Advanced Calculator navigate to Setup > Installed Packages > Configure (for Salesforce CPQ).
How do I set the CPQ subscription proration method?
The proration method is set in the CPQ package level setting named Subscription Prorate Precision. It’s best to keep the proration method the same for the life of your org. If you do change it, be aware that old quotes are NOT retroactively recalculated.
What is the prorate multiplier used by CPQ?
CPQ combines these two factors to create what is known as the prorate multiplier, which is the actual number CPQ uses to calculate a prorated price. For example, when you added the Password Manager License to your 24-month quote, CPQ used a prorate multiplier of 2, multiplying $30 by 2 to get $60. The question is, where did the 2 come from?
What happens if CPQ can’t find a subscription term?
If it can’t find a subscription term anywhere, it goes to the last stage. Finally, if all else fails, CPQ uses the quote line’s default subscription term (or inputs 12 if the field is blank). Remember, a given subscription quote line can only have one length.
What is proration in Salesforce CPQ?
Salesforce Billing uses a prorate multiplier and other billing fields to calculate the order product's billable unit price. Order products inherit the prorate multiplier of their parent quote lines. The order product's prorate multiplier stays unchanged throughout a standard order.
How do I cancel my Salesforce CPQ subscription?
To terminate a subscription, reduce the quantity of the related quote line to zero on your amendment quote. When you contract the opportunity containing that quote, Salesforce CPQ sets the Terminated Date value of the new subscription record to one day before the amendment quote's start date.
What is Salesforce CPQ subscription?
Subscription products are services that run for a set period, such as a year-long support service. Salesforce CPQ automates pricing, prorating, and coterminating subscriptions on contracts and renewals.
How do I create a subscription to Salesforce CPQ?
Navigate to Setup > Installed Packages > Salesforce CPQ > Configure > Subscriptions and Renewals. Select Month as the value for Subscription Term Unit and Subscription Prorate Precision fields and click Save. To create Subscription Products, navigate to Products Tab and click New, set Active checkbox to True.
Can you get out of a Salesforce contract?
Salesforce can terminate your contract (and delete your data) with only a few days' notice. Suppose you've been in negotiations with Salesforce for weeks or months, trying to sort out a disagreement over contract terms.
How do you cancel a contract in Salesforce?
To delete a Contract, click Del next to the Contract on the Contracts list page. A Contract can also be deleted by clicking Delete on the Contract detail page. Note: When deleting a Contract, all related Notes, Attachments, Events and Tasks, History, and Approval Requests are deleted.
Is CPQ part of Salesforce?
What is CPQ Salesforce? CPQ Salesforce, or Configure, Price, Quote Software by Salesforce is a sales tool for companies to provide accurate pricing with any given product configuration scenario.
How assets are created in CPQ?
Salesforce CPQ creates assets when you click Contracted on an opportunity or order. The asset creation process varies based on your account's renewal model and the value of the asset conversion field on the product you're contracting. We can summarize this process with a flowchart.
What are Salesforce bundles?
A bundle is a product with optional features or components that you want to include on a single quote line.
How do I add a subscription to Salesforce?
Add a Subscriber ManuallyClick Subscribers.Click Lists.Click the name of a list you are adding the subscriber to.Click Create.Click Next in the wizard's introductory dialog box.Complete the subscriber identity fields. ... Click Next.Expand the My Lists folder to view the lists defined in your account.More items...
What is product type in Salesforce?
Product types include: standard product, main product, variation group, variation product, Product set, and product bundle. Salesforce B2C Commerce uses different types of products to support requirements for different storefront ordering information, such as size, color, and customization options.
What happens if CPQ can't find subscription term?
If it can’t find a subscription term anywhere, it goes to the last stage. Finally, if all else fails, CPQ uses the quote line’s default subscription term (or inputs 12 if the field is blank). Remember, a given subscription quote line can only have one length.
What does CPQ look for?
First, CPQ looks for the most specific start date and the most specific end date and uses those. It’s OK if the start date is from one level (such as quote) and the end date from another (such as line). If either the start date or end date is unknown, it goes to the next stage.
How to calculate prorate multiplier?
In this case, the prorate multiplier was calculated by dividing the subscription term (24) by the default subscription term (12). So, 24/12 = 2. When you changed the subscription term to 28, that gave you a new prorate multiplier: 28/12 = 2.3333. That was then used to calculate a new prorated price: $30 x 2.3333 = $70.
Why is the subscription term field no longer in use?
This is because the product record might change in the future, and we don't want pricing to mysteriously change while a quote is in progress.
How many fields are there in CPQ?
In total, there are nine different fields used to define subscription length. So how does CPQ know which ones to use if many of them are filled in? To understand which have priority, it helps to think of the quote as having three levels: the quote level (the most generic), the quote line group level (a little more specific), and the quote line level (the most specific).
Where is the proration method set?
The proration method is set in the CPQ package level setting named Subscription Prorate Precision.
Can you set subscription terms on quotes?
Although it's common to set subscription terms or start/end dates on the quote, you can also define them on every quote line. Here’s the Quote Line Drawer opened to reveal those previously hidden fields.
