Use Pricing Elements in Pricing Procedures

When a pricing procedure is executed, most elements query relevant decision tables based on input parameters to retrieve pricing rules and values. Other elements rely on formulaic calculations, or assist with mapping relevant context tags within a procedure.

Pricing elements enable comprehensive and flexible pricing strategies. They ensure accurate pricing of products, whether in their simple form, using attributes as pricing parameters, or as complex product bundles. Furthermore, these elements facilitate the design of various product selling models, such as one-time sales or subscriptions. They also utilize price adjustment schedules to automatically adjust prices based on your unique pricing strategies, helping sales representatives offer their customers the best price for their products.

• Map Context Tags
  Simplify context tag mapping by using pricing elements to streamline variable mapping, ensuring accurate and straightforward pricing configurations.
• Fetch the List Price of a Product
  To get the base price of a product for pricing procedure execution, use the List Price element. The list price serves as a starting point for calculating the final price before applying any discounts or adjustments.
• Volume and Tier Based Discounts
  To calculate the price of a product based on discounts configured according to the quantities purchased, use the Volume Discount or the Tier Discount element.
• Manually Discount Product Prices
  Manual discounts, also known as discretionary discounts, can be applied to products to provide additional price reductions.
• Attribute-Based Discounts
  To calculate a product's price based on its associated attributes, use the Attribute-Based Price element.
• Bundle-Based Price
  Define and manage bundle-based discounts for a group of products that are sold as a unit.
• Manage Pricing Using Proration and Subscription Elements
  Use the Proration and Subscription elements in Salesforce Pricing to apply time-based pricing when a customer starts, cancels, or changes a subscription mid-cycle. These elements ensure customers are charged only for the time they ‌use your product or service.
• Dynamic Pricing With Price Adjustment Matrix
  Determine custom discounts and adjustments that go beyond the predefined options provided by Salesforce Pricing using Price Adjustment Matrix element.
• Build Pricing Rules with Formula-Based Pricing
  Perform functions and mathematical calculations to generate the price of a product. Solve complex pricing scenarios by defining multiple formulas within a single Formula-Based Pricing element.
• List Group and List Operation
  Efficiently process lists of data and implement complex pricing logic and calculations by enabling filtering, value lookups, and various computations on line items.
• Map Context Tag Data Using Assignment Element
  Dynamically set or change the values of pricing variables by mapping data between context tags or from a variable directly into a context tag.
• Calculate Aggregate Prices for Products
  Determine the aggregate prices of a group of products by defining aggregation at multiple line item layers and ensuring pricing is calculated at the configured levels.
• Apply Price Rounding Values
  Precisely calculate the price of your product using Rounding Values in your pricing procedure to ensure accurate pricing amounts.
• Track Price Ranges for Products
  Ensure transparent pricing policies and comply with regional directives by tracking a product's minimum and maximum prices over time using the Price Tracking element.
• Stop Pricing
  Use the Stop Pricing element to stop the execution of the pricing procedure for a particular line item. During simulation, the Waterfall view shows the element that the pricing procedure stopped at.
• Price Propagation
  Enable complex, hierarchical pricing logic by propagating values across different levels of a transaction from line items to groups and back. Use the Price Propagation element to perform sequential calculations and roll up totals from children to parents.