Hello,
My new organization uses discount schedules for almost all products. The products could have multiple discount schedules as they are for each price book the product is in. They use a discount amount for each tier. Each year they do a pricing update for their products and for each tier for that product. What is the recommended best practice for updating the Discount Schedule?
Should I create new discount schedules? And if so, when creating the new schedule should I reference the previous discount schedule in the "Original Discount Schedule" field?
Would you just update the current schedule with the new amount?
What happens in terms of Amendments and Renewals? I would assume it uses the new pricing from the discount schedule?
Any help and direction would be appreciated.
Thank you.
Hi Josh,
I am following up on the question I posted above on May 24th. They now want to go away from Discount Schedules all together and move to Block Pricing. We use REnewal Method of Uplift and for Amendments we use an Amendment and Renewal Behavior of Latest End Date.
I have not worked at an org where they moved completely off of one to the other. I am trying to understand any gotchya or things to be aware of. Also, trying understand the best practice for this move and steps to complete. For example, steps to complete:
- Add all block price tiers to affected products
- Change the Pricing Method to Block from List for those products.
- Since we have many discount schedules for each product (based on price book) remove the reference to the product and price book from the current discount schedules.
What happens when we renew or amend with products that used a discount schedule before?
Thank you. You are always so helpful.
