To renew a legacy asset
Follow the steps to renew a legacy asset.
- Define an asset as per the guidelines given for "Recurring" products by CPQ. For more information, see Recommendations to Import Legacy Products into Conga CPQ.
-
Perform the CPQ flow to generate Asset Line Item, Order, and Order Line
Item.
Warning: Disable all functionalities associated with auto-activating the order in your org.
-
Make sure that the below data points are populated in the asset line item
record.
- Remaining Billable Amount
- Is Legacy for Billing?
- First Billing Date.
- Activate the order manually.If the Initiate Billing on Order Activation custom setting is set to True, you must initiate billing by populating the Ready for Billing Date field on the corresponding order line item or order.
- Conga Billing creates a number of billing schedules depending on the billing term. The first billing schedule is for the legacy period, with the Type field set to "Informational" and the Status field set to "Invoiced". On subsequent normal billing schedules, the Type field is set to "Contracted" and the Status field to "Pending Billing".
- Invoice the billing schedules.
- Perform renewal operations from the CPQ cart using the "Renew" button.
