Price Ruleset allows pricing adjustments across range of products through price rules. Price Ruleset manages special offers, promotions and enables discounting based on the specific product attribute. A price ruleset can contain one or more rule entries and it can be dimensional, which employs a similar concept as Price Matrices. You can apply line item pricing adjustments as well as summary pricing adjustments. For example: Discounting rules, promotional pricing, adjustments in aggregate based on a Product Family, and more. Also, if your customer has Gold Rating, and you want to automatically discount specific line items on a proposal by 30%, you should use Price Ruleset.
To create a price ruleset
You must have an existing price list.
- On App Menu, click Apttus CPQ Admin and then click the CPQ Admin tab. The new admin console is launched.
- On the Pricing menu, click Manage Price Ruleset.
- Click New Price Ruleset.
Enter details in one or more of the following fields, as required:
Field Description Price Rule Set Name Enter a mandatory Ruleset Name and a mandatory Sequence in which the system will evaluate multiple rulesets. Typically, you will perform line item adjustments first and then any summary adjustments Is Active Select this to set the ruleset as active. Enable Currency Select this to enable currency for the price ruleset. Currency
Select the currency for the price ruleset.
If the price ruleset and a line item have different currencies, CPQ applies the currency conversion rate (defined at Setup > Company Profile > Manage Currencies) when applying the rule adjustment.
Short Description Enter a description for the ruleset. Effective Date Not required as long as the price ruleset is Active, but can be used for promotional rules, and more. Price List Select a price list. The ruleset will only source product prices with the selected price list and then apply adjustment criteria. Product Category Select a category. The ruleset will only source product prices within the selected category. Category Select All, Agreement, or Proposal. This indicates if the ruleset is relevant to Agreements, Proposals, or both. Application Level
Select a level to which this ruleset will be applied. The supported values are:
- Line Item: Selecting this will apply the line item adjustment within the line item net price in the shopping cart.
- Bundle: Selecting this will apply the adjustment to a bundle and its options and the adjustment is displayed in the Totals tab in the shopping cart.
- Aggregate: Selecting this enables the Application Method field.
This field is enabled if you selected Aggregate from the Application Level drop-down list. This indicates that you want the adjustment to select products in aggregate but apply an adjustment as a summary line in the Totals tab or spread the adjustment over numerous products. The supported values are:
- Apply to Line Items: Applies the adjustment to line items on the cart.
- Create Summary Lines: Applies the adjustment as a summary line in the Totals tab on the cart.
Ruleset Criteria Allows you to set criteria for a line item rule or a bundle, depending on the Application level you have selected, such that the ruleset only applies when it satisfies a line level field value or a product attribute value. Click New to fill in your criteria. Stop Processing more Rules Selecting this indicates that if the ruleset is satisfied, the system will not process any more rules. Enable Date Range Selecting this enables you to set the effective date and expiration date on the rule entry. Expiration Date Select an expiration date. Product Family Select the Product Family. This is the Product Family field on the products object. The ruleset will only source product prices with the selected Product Family. Product Group Click to search and select a custom product group to the ruleset will apply the pricing adjustments. These custom product groups have no relation to a category, a Product Family, or any other product designation. Charge Type Select a charge type to which the ruleset will apply adjustments.
- Click Save.
By filling out these criteria, the source products and prices are then designated and the ruleset can apply adjustments through price rules.