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Renew Assets in Asset-Based Accounts
If you’re using asset-based renewals, you can renew from your account assets that are covered by a percent of total product. (Salesforce CPQ Managed Package)
Required Editions
| Available in: Salesforce CPQ Summer ’15 and later |
The assets on renewal quote receive a net total price of zero to show that your customer paid for them. Your percent of total product uses the list price of your covered assets to calculate the cost of another year of coverage.
When using asset-based renewals, Salesforce CPQ always uses the standard price book to price the renewed quote lines. This process differs from contract-based renewals, where you can define a different price book for renewal pricing.
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Go to an account with an asset-based renewal method and click Renew
Assets.
The Asset Selection page lists the assets on this account that are covered by a percent of total product.
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Select the assets you want to renew, and then click Renew.
Salesforce CPQ creates a renewal quote, associates it with a renewal opportunity, and opens the quote line editor.
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Edit the quantities of the assets from your original quote as needed. You can also add new
products. Remember to save your changes.
Salesforce CPQ updates your renewal opportunity to reflect the assets you added or removed on your renewal quote.
You’re working with an asset-based account and sold a quote that contained five software licenses. The licenses are covered by a percent of total IT maintenance product. The percent of total maintenance product has a price that’s 10% of its covered assets.
| Product | Quantity | List Price | Net Total |
|---|---|---|---|
| Software License | 5 | $200 | $1,000 |
| Percent of Total Maintenance | 1 | $0 | $100 |
Your customer decides to renew their licenses and maintenance coverage after 1 year. In this case, you click Renew Assets on your account and choose all five of your licenses for renewal. Your renewal quote looks like this example.
| Product | Quantity | List Price | Net Total |
|---|---|---|---|
| Software License | 5 | $20 | $0 |
| Percent of Total Maintenance | 1 | $0 | $100 |
