Renewals are the most common and effective ways to retain existing customers and drive growth and sales for your business. Asset renewals eliminate the scope of pricing errors by extending the agreement. Therefore when you renew an asset, you basically regenerate the asset life-cycle for a new duration.
CPQ supports the following types of renewals:
Manual renewal of assets
Auto renewal of assets
On the Installed Products page, select the asset you want to renew and click Renew.
Choose from the following:
Use the Proposal End Date
Retain the Current Asset End Date
Use the Farthest Asset End Date
Enter Renewal Date. If selected, then enter the date