1. Go to ADMIN SETUP > Application Settings > Global Settings > Asset.
  2. Enter the following details and click Save:
Setting Description
General Setting
Default Asset Pricing Indicator

Turning on this setting indicates whether asset pricing is enabled by default for asset-related line items.

Hide Assets Action

Select one or more actions from the drop-down list that you want to hide on the Installed Products page. Selected actions are hidden from the users. All the actions are displayed if the value is empty.

Submenu Action

Select one or more actions that you want to display in the asset action submenu drop-down. Select from:

  • Change Merge
  • Change Split
  • Change Configuration
  • Relate Component
  • Change Quantity

Asset Source

Indicates the account source which the asset line items are retrieved from. Select from:

  • Bill To
  • Ship To
  • Sold To

Show Assets

Decide which assets to display from the current, parent, or child assets of the current asset's account. If empty, only assets related to the context account are shown.

Search Filter Fields

Select the Asset Line Fields to be displayed on the basic search filter panel. Supported values are text fields and dates.

Show Account Filters

Turn on this setting to display the accounts filter on the Installed Products page.

Hide Co-term

Turn on this setting to hide the co-term end date on the renew.

Apply Adj To Current Contract Term

Turn on this setting to keep the discounting limited to the current contract term.

Enable Default Quantity For ABO Item

Turn on this setting to enable the default quantity for the ABO item.

Enable Price Rule for Assets

Turn on this setting to enable the price rule adjustments to the assets.

Asset Restore Fields

Select the fields to be restored during Amend and Renew operations, with the system restoring original asset values for these fields and defaulting Start and End dates from assets.

Renewal

Base Price Defaulting Method For Renewal

Indicates how the base price should be defaulted when the asset is renewed. The supported values are: Net Unit Price (default if not specified), Higher Of Contract Unit Price / Net Unit Price, and Lower Of Contract Unit Price / Net Unit Price.

Default Renewal Term

Enter a value that is the value of the renewal term for Renewing products. The number signifies months to renew as the end date.

Renew One Ramp

Turn on this setting to renew only one ramp line item based on the new term in order of renewal term in the asset line item, default renewal term in installed product setting and selling term in the asset line item. For more information, see Renewal Settings.

Default Renewal End Date option

Select the default end date preference for renewal. The supported values are Use Custom Date, Use Proposal / Agreement End Date, Retain Current Asset End Date, and Farthest Asset End Date.

Renewal Business Object Type

Select the quote or agreement object used in renewal product configuration. Select from:

  • Proposal (Default)
  • Agreement

Renewal Execution Mode

Select the mode of Renewal Quote/Agreement generation. Select from:

  • None: Renewal Assets Group and Renewal Quote is not created.
  • Auto (Default): On order activation Renewal Assets Group and Renewal Quote are created for eligible asset line items.
  • On Demand: Renewal Assets Group and asset Renewal Quote are created when the On Demand job is triggered from the Account.

Renewal Group Fields

Select the asset line item fields. Based on this selection, the asset line items are grouped into different renewal quotes. The default Renewal Group Fields are “AutoRenew” and “Pricelist”. 

Renewal Lead Time

Enter the renewal lead time in number of days to satisfy On-demand renewal Quote/agreement generation. This is assets expiration days from system date.
Amend

Enable One Time Change

Turn on this setting to allow users to make changes to one timeline item.

Bypass Must Configure

Turn on this setting to allow the selection of multiple assets for Amend operation, including the required bundle asset.

End Date Preferences For Change:Quantity

Select the end date preferences when during the increment or decrement of quantity. The supported values are Use Custom Date, Use Proposal / Agreement End Date, and Retain Current Asset End Date.

Default Co-term Option for Change:Quantity

Select the default end date preference for Co-term during increment or decrement of quantity. The supported values are Use Custom Date, Use Proposal / Agreement End Date, and Retain Current Asset End Date.

If only one value is selected in 'End Date Preferences For Change:Quantity' field then only one value is available and it is the default value. When you select more than one value in 'End Date Preferences For Change:Quantity' field, then you can choose one value as default and others are available as drop-down during the Change: Quantity operation.

Change-Split Asset Actions

Specify the actions that can be performed on a split asset. The supported values are Amend, Renew, and Swap.

Purchase Identification Criteria

Identify the fields that determine the eligibility for co-term and the cumulation of the quantity. A list of comma-separated asset line item fields that determine the eligibility for co-term and quantity cumulation.

Merge Action Criteria Fields

List of asset line item fields separated by comma to enable merge asset action.

Termination

Same Day Cancellation

Turn on this setting to select Same Day Cancellation option where cancellation is done on the same day. If not turned on, then it means Cancellation is 'cancel day + 1 behavior'.

Editable Fields For Cancelled Lines

Select one or more asset line item fields for cancelled lines which are enabled for editing. Others remain as non-editable fields.

Suspend And Resume

Suspend And Resume Reason

Select the fields to provide reasons for suspension and resumption of assets. You can select up to four fields.