Renew one Ramp
Example for Standalone and Bundle option:
During Renewal quote creation, “Auto Renew Term” and “Default Renewal Term” are taken into consideration. Auto Renew Term has the first precedence while Default Renewal Term has the second.
If there is a value at Default Renewal Term, then that is used to calculate the Renewed End date. If there is value at “Auto Renew Term” on any line item, then it is given the 1st preference to calculate the Renewed End date for the respective asset.
If Renewal Adjustment type=Uplift and Renewal Adjustment amount=10% then Renewal quote must have lines with 10% uplift base price and Net price.
| Asset data | Settings | Result |
|---|
| Start date and end date = 1-1-2023 and 12-31-2023, and Selling term =12 | Default Renewal Term = 7 and Auto Renew Term = blank | Renewed Start and End date= 1-1-2024, 7-31-2024, term=7 |
| Start date and end date = 1-1-2023 and 12-31-2023, and Selling term =12 | Default Renewal Term = 7 and Auto Renew Term = 9 | Asset start date and end date = 1-1-2024, 9-30-2024, term=9 |
Example for Ramp lines:
During the Renewal quote creation, “Auto Renew Term” and “Default Renewal Term” are considered when Renew one Ramp is enabled in Global Settings > Asset. Only the last ramp line is renewed and added to the renewal quote. When Renew one Ramp is disabled, all ramp lines are renewed and added to the renewal quote.
Consider the following examples:
Ramp1: 1-1-2023, 12-31-2023
Ramp2: 1-1-2024, 12-31-2024
Ramp3: 1-1-2025, 12-31-2025
| Default Renewal Term = 7, Renew one Ramp is enabled, and Auto Renew Term = blank | 1-1-2026, 7-31-2026, term=7 |
| Default Renewal Term = 7, Renew one Ramp is enabled, and Auto Renew Term = 11 | 1-1-2026, 11-30-2026, term=11 |
| Default Renewal Term = 7, Renew one Ramp is disabled, and Auto Renew Term = 11 | Ramp1: 1-1-2026, 12-31-2026, Ramp2: 1-1-2027, 12-31-2027, and Ramp3: 1-1-2028, 12-31-2028 all are renewed. Note: As Renew one Ramp is disabled, Auto Renew Term and Default Renewal Term are ignored, ad all the ramp lines are renewed by its own term, which is 12 in this example. |
Renewal Group Fields
Renewal Quotes are created with renewed line items based on grouping fields provided in Renewal Group Fields in Global Settings. The default Renewal Group Field is “AutoRenew” and “Pricelist”. The following are some important points:
- Renewal Group Field work with AND condition.
- AutoRenew flag is to be considered from the primary line of the product.
- If the AutoRenew flag is TRUE on the primary line of the bundle then it is true for the entire structure of options and sub-bundles.
- Line items with the same end date are grouped in a single renewal quote.
This is valid for Standalone products, Bundle-option products up to sub-bundle level 3, ramp and usage products. All with single and multiple charge types.
Example:
There are four different products in a cart with the same end date. The AutoRenew checkbox is selected for two products whereas it is not selected for the remaining two products. The result is that two renewal quotes are generated: one for products for which AutoRenew checkbox was selected and another for products for which the checkbox was not selected.