Let's APTTUS: Apttus CPQ: Pricing Setup for Products

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Hi Friends,

In this blog we are going to learn how to setup the pricing for a product.
Before this, please go through last post How to Setup Product in Apttus CPQ

Once you setup the product, for setting up the pricing here are the steps:
1. Create Price List
2. Create Price List Item for Product
3. Define the List Price, Charge Type, Price Type, Effective Dates etc.
4. If you are setting the Billing, Taxation and Revenue process for products, you need to fill these details as well.
5. Make sure, PLI is Active, if it is not active, your product will not be visible on catalog page.

Ok, Let's start...

Click on Price List Tab and create new Price List and fill the following details.

Now, Open the Product for which you want to define the price.

Open Product
Click on New Price List Item and fill the details - If you are not able to see this related list, put this on layout.

Fill the following details - for CPQ prospective, this is the minimum detail you need to fill. For other features like Billing RevRec, Taxation, I will post details later in separate blog.

Once you fill all these details Save this.

Lets have a look of these fields:

Price List - This is master Price List which will contains many Price List Items for Different Products. This Price List defines the visibility of your categories/offerings in catalog page once this is associated to any Offering category.

This is like the Price Book in salesforce.

Product: This is product or service for which you are defining the price by creating this price list item. This product may be Standalone, Bundle or Option.

Charge Type: this is type of your charge for system understanding that what kind of charge you are imposing on a customer for this product or service.

This may be your Subscription Fee, Installation Fee or Standard Price.

Price Type: Generally there are 3 type of price, Recurring, Once Time and Usage

Recurring: If you are selling some service which payment is to be made every after certain period, like you are selling some Subscriptions for 1 year for which you are charging a certain amount ($14) every month, so this will be your recurring charge which will occur till next 12 months.

One Time: One time chargeable. Full Payment at time on purchase.

Usage: Pay for what you are consuming - Bill will be generating as per the user consumption.

Frequency: Its for Recurring: Monthly, Quarterly or Yearly basis.

Price Method: Per Unit , Flat Price, Tier Price(For Usage Price Type)

List Price: This is the price for your product that will be available on catalog.

Effective and Expiration Dates: What is lifetime of this Price.

Charge Type Criteria: If you want to apply this price conditionally, you can define the charge type criteria as well. For Example, if you want to apply this price only if we are placing New Order, we can put the conditions like this: