Renewal Estimates and their child records, Renewal Estimate Items, are generated through the ZAB Renewal process. These records offer a snapshot of the final information (current state) intended for renewal. There are many opportunities throughout the Renewals Process when new Estimates may be generated.

Before you begin

• Read the Renewals Overview guide to learn about the overall Renewals Lifecycle.
• Before generating a Renewal Estimate, use the Sync Renewal Items button on the ZAB Renewal to capture the most current information. This will ensure that any recent changes to related records are captured on the Renewal Estimate.
• ‘Renewed Subscription Groups’ defined on the Renewal Template are not projected on the Renewal Estimate, but are visible after converting the Renewal Estimate.
• Use the Renewal Transaction Profile record to determine if Renewal Items should be combined or separated on Renewal Estimates. If no Renewal Template ‘Renewed Subscription Groupings’ are applied, together the Renewal Estimate and Renewal Transaction Profile will provide the most accurate expected outcome for the new or updated Subscription and Subscription Item(s).

Key Characteristics

• Renewal Estimates and Renewal Estimate Items can be resynced and regenerated at any time to capture changes to the existing Contract or Renewal.
• Renewal Estimates are near the final stages of the renewal process. Use the Convert Estimate button when ready to create or update Subscription and Subscription Items.
• ZAB Renewals may have multiple Renewal Estimates reflecting old and up-to-date information. A User may convert an older Renewal Estimate that does not match information on the current Renewal Item. See example.