You can apply default pricing to a product from the Defaults tab. This tab enables you to apply default quantity and pricing to a product.

To apply default pricing to a product

You must have an existing price list item.

  1. Select an existing price list item, click the more icon (), and click Advanced.
  2. Click the DEFAULTS tab.
  3. Enter the following details:

    FieldDescription
    Default Quantity FromSelect an option from where default quantity is to be considered. If the price list item derives its default quantity from a specific attribute, when the user navigates to the catalog page and selects a product and its attribute, the default quantity of the product is derived based on a number selected from an attribute of type picklist or number.
    Default Quantity FieldThis field is dependent on the Default Quantity From field. Select the Product Attribute using which the default quantity of the product is derived.
    Default QuantityEnter the default quantity.
    Default Price From

    Select an option from where default price can be considered. Supported values are:

    • Advanced Formula
    • Product Attribute
    Default Price Field

    Enter the name of the CPQ formula field (it can be normal or based on numeric expression) and select it from the search result. Whatever the value this field returns, that will be the list price of the product.

    You must have selected Advanced Formula in the Default Price From for this field to work.

    Default Selling Term

    Enter the default selling term.

    If a product has two PLIs of Recurring type and PLI 1 has Default Selling Term mentioned on it while PLI 2 does not have Default Selling Term.

    Then on product configuration, the selling term of PLI 2 gets autoupdated in line with selling term of PLI 1.

    Auto Update QuantitySelect to automatically update the quantity on the Cart. This is useful when the quantity of your product is derived using a Numeric Expression and you want to reflect the changes made by the Numeric Expression on the Cart automatically.
    Auto Cascade QuantitySelect to automatically cascade quantity.
    Is Quantity Read OnlySelect this to make the Quantity field non-editable on the cart.
    Auto Cascade Selling Term

    Select to automatically cascade selling term.

    Suppose you have one bundle with two options.

    Option 1 has Auto Cascade Selling Term set to False.
    Option 2 has Auto Cascade Selling Term set to True.

    When you add the bundle and both options to the cart and change bundle selling term, then selling term of Option 1 changes although it has Auto Cascade Selling Term set to False.

    Is Selling Term Read OnlySelect this to make the Selling Term field non-editable on the cart.
    Auto Renew

    Select this setting only when you want CPQ to automatically close the renewal quote that has an asset with Auto Renew = True. On the expiry date of the asset, CPQ automatically processes the renewal quote and renews the asset for the next term. The quote will be automatically set to Accepted without any intervention (this is called Touchless Renewal). This setting is used to group assets into different renewal quotes, along with the Renewal Group Fields.

    CPQ allows you to configure this setting at the price list item level, which will cascade to the cart and asset level.

    Do not use this setting to create auto renewal quote.

    Auto Renewal Type

    CPQ allows you to configure an asset as renewable or non-renewable at the price list item level. The supported values are:

    • Fixed: Select this option to make the asset renewable. CPQ can pull the product into Auto and OnDemand renewal quotes.
    • Evergreen: Select this option to define the selling term without an expiration date. This option makes the asset billable forever until the subscription is cancelled (evergreen billing). For example, if the product is of monthly subscription type, the customer keeps receiving the bills for the asset monthly (without requiring renewals).
      You cannot pull the product into an Auto or OnDemand renewal quote. For such assets, CPQ disables the Renew action on the Installed Products page (Sales Representative cannot renew the asset manually also).

      Asset-Based Ordering is not supported for Evergreen assets.

    • Do Not Renew: Select this option to disable CPQ from pulling the asset into Auto or OnDemand renewal quotes. This value makes the asset non-renewable.

    If you do not select any option for Auto Renewal Type, CPQ considers the asset as renewable. CPQ allows you to configure this setting at the price list item level, which will cascade to the cart and asset level.

    Auto Renewal Term

    Enter the a value to define the auto renewal term that CPQ must consider while renewing assets. If you do not specify any value, CPQ considers the Default Renewal Term specified in Installed Product Settings. If both Auto Renewal Term and Default Renewal Term are null, CPQ considers the selling term on the original asset during renewal.

    CPQ allows you to configure this setting at the price list item level, which will cascade to the cart and asset level.

  4. Click Save. Default pricing is applied and saved.