Scenario 9: Flat Price with Cumulative Range When Enable Usage Indexing is Selected
The customer is billed cumulatively based on the volume consumed for a product 'StarKit'. A flat price range is defined for each volume slab as per the following:
- 1 to 10 units = $120
- 11 to 20 units = $150
- 21 to 30 units= $275
- 31+ units = $500
Configuring PLI
Do the following steps to configure PLI:
Applying Price Matrix
Do the following steps to apply price matrix:
Processing the Usage Inputs
To process the usage inputs, navigate to Usage Inputs object.
- Enter the Asset Number. This asset number must match with the corresponding asset number that you have specified in the Asset Line Item Detail page.
- Enter a Usage Date that corresponds with the Billing Schedule.
- Enter the Product UOM. This value should match the value provided on the Product PLI.
- Ensure that Status is Loaded.
- Enter the Quantity and click Save.
After saving the input, click Process Usage Input to process the amount against the entered quantity.
When the usage is processed successfully, the Status will change to Rated and you will see the amount under Rated Amount.
For example:
- If you specify Quantity as 5, you will see the Rated Amount as $ 120.
- When creating another usage input with Quantity as 20, you will see
the Rated Amount as $
545 (120 + 150 + 275).Note:
As Usage Indexing is enabled, the total quantity consumed thus far is 25, which falls under the third price tier. Since it is a cumulative range, the Rated Amount is the total amount of first, second, and third cumulative price tiers amount.
- If you further create another usage input with Quantity as 10, you will see
the Rated Amount as $
775 (275 + 500).Note:
As Usage Indexing is enabled, the total quantity consumed thus far is 35, which falls under the fourth price tier. Since it is a cumulative range, the Rated Amount is the total amount of third and fourth cumulative price tiers amount.
