Auto Renewal of Assets
A Sales Representative can auto-generate renewal quotes based on the fulfillment of order or the expiration of a subscription on the Conga Platform. Renewal quotes have all renewed asset lines with pricing and renewal dates. Through renewal quotes, they can forecast and analyze the sales pipeline. With renewal quotes, they get the finer visibility into the pricing and configuration of assets within the renewal pipeline. The benefits of auto-renewals are:
- Accurate forecasting on the asset state and sales pipeline
- Faster and simpler processing with automated renewal
- Automatic closure of opportunity on asset expiry
The name of the Renewal Quote is based on the Renewal Execution Mode and Auto Renew status. When the execution mode is Auto then the parent quote number is considered and when it is On Demand, the account ID is considered. For example:
| Execution mode | Name |
|---|---|
| Auto and Auto Renew = True | Renew:<parentQuoteName>-<pricelistName>-<Auto>-<serialNumber> |
| Auto and Auto Renew = False | Renew:<parentQuoteName>-<pricelistName>-<serialNumber> |
| On Demand and Auto Renew = True | Renew:<account Name>-<pricelistId>-<Auto>-<serialNumber> |
| On Demand and Auto Renew = False | Renew:<Account Name>-<pricelistId>-<serialNumber> |
Filters applied:
During Renewal Quote creation, the following filters are considered:
- Assets with Primary Line = True
- Assets with Line Type = Product/Services
- IsInActive=False
- Status != PendingActivation or Suspended
- Renew Type = Fixed or blank
- Renewal group field
- Renewal Lead time for On Demand mode