Contract Pricing uses a combination of stated contract prices, additional discount percentages, Price Levels, and Price Books per Item (or Item Category) to determine the Contract Price. Contract Pricing also allows you to define effective dates for when the rates apply (often used for trial periods, temporary discounts).

Key Characteristics

• Contract Pricing may be applied to any usage-based Subscription Item. It is not compatible with Fixed (Recurring) or One-Time Charge Rate Types.
• Contract Pricing can be used with any Master Contract, Subscription, or Subscription Item
• Contract Pricing can be shared across multiple Subscriptions and Customers or customized for an individual contract
• Contract Pricing can support multiple currencies under the ‘Contract Pricing Detail’ sublist
• Contract Pricing is generally used as a temporary modifier to the pricing set to be used over the course of the Subscription or Subscription Item, such as for an introductory period
• When applied, Contract Pricing can explicitly set a Rate, invoke an existing Price Level or Price Book, or it can apply a discount by percentage or set amount.
  • Note that the Rate will supersede Price Level or Price Book. Discounts will apply alongside set Rate or Price Level See diagram below.
• Contract Pricing can be defined for a specific Item or a ZAB Item Category
• The Effective Start Date and Effective End Date defines the time period in which the Contract Pricing is in effect
• Contract Pricing can satisfy scenarios where a single Subscription Item handles multiple Charges associated with different Charge Items (Multi-Charge Stream)

Before you Begin

• Contract Pricing can be applied at either the Master Contract, Subscription, or Subscription Item level
• The Contract Pricing record can be created ahead of Subscription or Subscription Item creation, or it can be created directly from the Subscription or Subscription Item