Asset Management
When you accept a quote, the application generates an order. When you activate the order, it creates new assets. Assets are the products or services that a customer has bought. Asset-based ordering (ABO) manages the products and services of customers throughout their life cycles. ABO enables businesses who sell and manage subscriptions, recurring licenses, support contracts, or modular solutions to manage these transactions more efficiently after the initial purchase. Furthermore, it improves opportunities to manage renewals, upsells, and cross-sells.
Prerequisites for Asset Actions
- An order is activated. For more information on how to activate the order, see Activating Orders.
- The generated asset data is synced with the Conga Revenue Lifecycle Platform. For more on creating and managing object and field mappings, see Creating and Managing Object Mappings.
The Installed Products and Product Catalog sections allow you to access asset products and perform ABO actions.
Product Catalog Page
To identify the asset products on the Product Catalog page, the application displays the installed product () icon on the asset product card. You can also select the Product Types as Assets on the Product Catalog page to see only asset products.
Installed Products Page
The Installed Product page or Assets page lists all the installed products of the selected account. The Assets list shows the assets with the following details:
- Asset Name
- Selling Frequency
- Start Date
- End Date
- Net Price
- Quantity
- Asset Status
- Price Type
The implementer can add or remove standard or custom fields on the grid.
From the Installed Products page, you can:
- View summary chart: You can view the summary chart for all of the assets that you have. You can also customize the chart by applying the advanced filters. Assets By Price Type (bar chart) and Assets Amounts By Price Type (pie chart) charts are available with out-of-the-box template. Hovering the mouse over a status displays the quantity and/or amount for that price type.
- Search for an asset: You can search for the asset to refine the asset list. Enter a keyword related to the name. It displays all assets that contain that keyword.
- Sort the asset list: You can sort the asset list by clicking the column names.
- Set pagination: You can specify how many assets should be displayed on a single page. To enable pagination, go to the per page field on the top right bar and select a value from 10, 20, 30, or 40 orders per page.
- Set view: You can set a bundled or unbundled view for the asset list.
- Filter the list: You can use the following filters available on the page to find a particular asset:
- Days to Renew
- Price Type
- Asset Action
- Advanced Filter
You can perform the following ABO actions:
- The implementor can customize the labels for all out-of-the-box asset action buttons (Renew, Terminate, Buy More, and Amend). For more information on how to set the custom label, see Configuring Templates > assetActionLables parameter.
- The Buy Another action is available for all asset products, and it functions identically to the Add to Cart button. You can utilize this action when you intend to purchase the asset as a new product.
- When you try to do an ABO action on a product that is associated with multiple assets from the Product Catalog page, you are redirected to the Installed Products page, where you can perform the ABO action on the required asset.
